CPI PG acquires €650 million retail portfolio from CBRE GI

30
Mar
2017
News - CPI PG acquires €650 million retail portfolio from CBRE GI #CBRE GI #CPI #Czech Republic #Hungary #investment #Poland #portfolio #retail

by Ákos Budai | Investment

CPI Property Group announced that its subsidiaries have acquired a retail portfolio with the value of approx. €650 million consisting of predominantly 11 shopping centres located in the Czech Republic, Hungary, Poland and Romania with a total leasable area of approximately 265,000 sqm from two funds managed by CBRE Global Investors. The closing of the deal was completed on 29 March, 2017. 

The portfolio consists of (major shopping centres Olympia Plzeň and Nisa Liberec in the Czech Republic, Ogrody in Poland, Polus and Campona in Hungary and Felicia in Romania; (multifunctional complexes Zlatý Anděl in Prague and Andrássy Complex in Budapest; and two Interspar stores in Hungary.

The bank financing has been arranged through several loans at a total of €440 million, with CPI Property Group providing the remaining amount from its own funds. In the Czech Republic, financing has been provided by a bank syndicate composed of Helaba and ČSOB; in Poland, solely provided by Helaba; in Hungary by UniCredit Bank, Raiffeisenbank and Sberbank; and in Romania by HypoNoe Bank. ČSOB was also covering the whole transaction as the escrow agent. 
 
CPI Property Group as the buyer has been advised throughout the transaction by CBRE (commercial), Dentons (legal), Sentient (technical) and KPMG (financial and tax).

CBRE GI CPI Czech Republic Hungary investment Poland portfolio retail


Latest news


New leases

  • Oracle has renewed its lease for 600 sqm of office space in Belgrade, in a deal brokered by iO Partners.
  • Intersport is set to expand its Romanian footprint by opening its largest store within the Iulius network at the Rivus urban regeneration project, which is under development in Cluj. Spanning more than 1,000 sqm, the new location will serve as a flagship store.
  • HS Hydro & Spa has leased space at Logicor Bucharest III Pallady, in a deal brokered by iO Partners.

New appointments

  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.
  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.


Latest news

News - Amazon to develop 200,000 sqm robotic fulfilment centre in Lower Silesia
18
Mar
2026

Amazon to develop 200,000 sqm robotic fulfilment centre in Lower Silesia

by Property Forum
Amazon has announced the construction of a modern, 200,000 sqm robotic fulfilment centre (FC) in Dobromierz as the centerpiece of a €5 billion investment in Poland between 2026 and 2028.
Read more >
News - Globalworth reaches 60% pre-lease for new office in Bucharest
18
Mar
2026

Globalworth reaches 60% pre-lease for new office in Bucharest

by Property Forum
Globalworth, the biggest owner of offices in Romania, announced that Building D of the Green Court complex in Bucharest has reached over 60% occupancy just five months after construction began.
Read more >
News - Nearly half of Romanian companies expect 3-4 office days this year
18
Mar
2026

Nearly half of Romanian companies expect 3-4 office days this year

by Property Forum
Nearly half of companies in Romania expect employees to come to the office three to four days a week in 2026, as hybrid working becomes more structured, according to a survey conducted by Colliers among 101 companies.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy