edition:
polskienglish
log in | register
previous
Savills buys Panattoni Wrocław hall
next
Top 5: Booming and blooming – as usual

reklama

CPI waits at Globalworth’s threshold

Nathan North 10 February 2020

Nathan North

Deputy editor

+48 22 356 25 22
nathan@eurobuildcee.com

Nathan is responsible for the English section of the magazine. Nathan was born in Manchester in the UK and completed a master’s degree in philosophy at the University of London. As well being responsible for editing the English section of ‘Eurobuild CEE’ magazine, he also contributes news from around Central Europe and articles on the investment and industrial markets and on architecture. In his free time he likes playing piano, drawing and cooking.

CPI waits at Globalworth’s threshold
Martin Němeček, the CEO of CPIPG

CEE REGION CPI Property Group has purchased a further 3.68 mln shares in Globalworth, bringing the Czech company’s holding in the Romanian real estate investor to 65.25 mln shares, representing 29.4 pct of the voting rights.

This latest share purchase follows a series of others over a few days, beginning towards the end of January with the acquisition of 13.39 mln shares (a 6 pct stake) on the open market, shortly followed by the January 31st acquisition of Zakiono Enterprises from Globalworth’s owner Ioannis Papalekas. These have seen CPI’s holding increase to just under the 30 pct threshold for triggering a mandatory takeover bid.

CPI, however, has declared in a press statement that is has no desire to buy more Globalworth shares for the moment, but that the reason for its investment in Globalworth is that it has one of the best office portfolios in Poland and Romania, that it is an investor of “high strategic merit” and “brings to CPIPG the kind of enhancements in scale, sector exposure and rental income that our key credit-focused stakeholders should view favourably.”

“Globalworth is a superb company and CPIPG is proud to be a major shareholder and strategic investor. We share the strong belief that high-quality offices in major cities of the CEE region will continue to perform well,” commented Martin Němeček, the CEO of CPIPG.

Globalworth owns an overall real estate portfolio worth around EUR 2.5 bln.

Newsletter
Want to know more? Sign up for the Newsletter


reklama

More news

reklama

conferences

The 6th Invested Interest - Investment Market Conference
The 16th CEE Warehouse & Logistics Conference
reklama

reklama
About Us Contact Privacy Rules Archive Newsletter
Copyright 2017 EuroCEE. All rights reserved.