CPI Property Group continued to purchase Globalworth shares throughout the week. Following the recently executed transactions and an acquisition announced last week, CPI Property Group now holds 29.4% of the company’s voting rights.
CPI Property Group announced the acquisition of the Green Corner A office building in Warsaw. The property was acquired from DWS Group, one of the world's largest asset managers and a significant investor in commercial real estate in the CEE region.
Following an acquisition, CPI Property Group crossed the 6% shareholding threshold in Globalworth Real Estate Investments Limited. As of 23 January 2020, CPI Property Group holds 13,391,959 shares of Globalworth, representing 6.035% of Globalworth's voting rights.
Balance Hall, a 16,000-sqm office building with a "Very Good" BREEAM certification, has been delivered in early December 2019 on Budapest's Váci Corridor. With this new addition, the Balance Office Park office complex has grown to nearly 35,000 sqm. CPI group reported an over 75% occupancy rate upon delivery, based on already signed contracts.
CPI Property Group announced the acquisition of the Warsaw Financial Center office building in Warsaw, Poland. CPIPG acquired WFC by purchasing 100% of shares in a company owned since 2012 by Allianz Real Estate (acting on behalf of Allianz Group companies) and Curzon Capital Partners III, an investment core-plus fund managed by Tristan Capital Partners.
With the checkout of the last guest on 4 November 2019 a new era has started in the story of the downtown building which in the past 20 years was known as the four-star Starlight Suiten Hotel Budapest. The new Mamaison Hotel will open its gates expectedly in mid-summer 2020. CPIPG also announced plans for a brand new 3-star property (located between the ex-Starlight and the Four Seasons Gresham Palace.
Almost 5 000 sqm of office space in Skyliner, Karimpol`s investment in Warsaw will be occupied by new tenants – DXC Technology and Luxoft. Both companies are operating in the field of IT services.
IT company Precisely has 1,000 sqm with 90 workspaces on the third floor of Cavatina Hall A in Bielsko-Biała. Knight Frank advised the tenant during the negotiations.
Brain Park, an office complex developed by Echo Investment will become the new headquarters of PepsiCo GBS Kraków. The tenant will occupy over 5,000 sqm and start operating in the new office in the fourth quarter of 2022.
Joanna Lewandowska joined 7R as Head of Construction and Design. She will manage a team of professionals involved in the design and architecture of warehouse and industrial buildings and will also supervise the work of project managers responsible for the execution of 7R investments both in Poland and internationally.
Katarzyna Chwalbińska-Kusek has joined Savills as Associate Director and ESG & Sustainability Lead in Poland. She has been actively promoting sustainable construction principles for 15 years.
Cushman & Wakefield Czech Republic has promoted Lukáš Netolický from the Office team to Partner. Lukáš is Head of Regional Cities CZ at Cushman & Wakefield, leading the firm’s Brno office. His main focus is on the development of its business activities, especially in the office segment.
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