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Dentons advises CPI Property Group on CEE retail portfolio acquisition

Date: 01/18/2017
Source: Dentons
Dentons advised CPI Property Group on the acquisition of a portfolio of 11 retail properties from CBRE Global Investors. The completion of the transaction is expected in the first quarter of 2017, pending regulatory approvals in the Czech Republic and Hungary.

The portfolio, with a total leasable area of approximately 265 thousand sq.m, consists of the Felicia shopping center in Romania; Olympia Plzen shopping center and Retail Park, Nisa shopping centre and Zlatý Anděl in the Czech Republic; the Andrássy Complex, Polus shopping centre, Campona shopping centre and two Interspar retail warehouses in Hungary; and the Ogrody shopping center in Poland.

Evan Z. Lazar, Co-Chairman of the Dentons Global Real Estate Group coordinated the project. The Romanian team was led by Partners Perry Zizzi and Bogdan Papandopol.

CPI Property Group is a leading real estate company concentrating on long-term investments, real estate lease and asset management in CEE and Germany. CBRE Global Investors is one of the world’s largest real estate investment management firms.

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About Dentons
Dentons is the world's largest law firm, delivering quality and value to clients around the globe. Dentons is a leader on the Acritas Global Elite Brand Index, a BTI Client Service 30 Award winner and recognized by prominent business and legal publications for its innovations in client service, including founding Nextlaw Labs and the Nextlaw Global Referral Network. Dentons' polycentric approach and world-class talent challenge the status quo to advance client interests in the communities in which we live and work. www.dentons.com


Contact

Joanna Nowak
Head of Marketing - Europe Real Estate Group
+48 22 242 52 72
joanna.nowak@dentons.com

Amanda Lowe
PR and Communications Manager, Europe
+420 236 082 249
amanda.lowe@dentons.com



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