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, 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 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; the Ogrody shopping center in Poland; and the Felicia shopping center in Romania. 

Evan Z. Lazar, Co-Chairman of the Dentons Global Real Estate Group - with support from Stewart Middleman and Markéta Tvrda in Prague – represented CPI Property Group in the negotiations. Dentons lawyers based in Milton Keynes, Budapest, Warsaw and Bucharest, including Christopher Colclough, Judit Kővári, Marcell Szőnyi, Monika Sitowicz, Łukasz Zwiercan, Perry Zizzi, Bogdan Papandopol and others also assisted CPI on the project. 

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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