ARTICLES LABELLED WITH TAG divestment

Despite major divestments, the CPI Property Group has not managed to reduce its debt to the extent that rating agencies would return it to the investment grade, making its debts enormously more expensive. Due to increasing financial pressure, the owner is willing to consider buyout offers, according to six independent sources, reports e15.cz.

Arete has completed the sale of its logistics complex, Arete Park Rokycany II, to the Reico Long Lease fund managed by Reico investiční společnost Erste Asset Management.

Slate Asset Management has disposed of a three-asset OBI retail store portfolio in Slovakia. The buyer is the Lindner Group from Germany. The seller has used the advisory service of Savills.

The Supervisory Board of CA Immo has decided on the reclassification of Hungary to strategically non-core, and simultaneously authorised the Management Board to initiate all relevant activities related to exiting the market, either through platform sale, sub-portfolio sale, or individual asset sales. The company wants to concentrate on its core portfolio, located predominantly in Austria and Germany. Last autumn the firm abandoned another CEE market, Romania.

Panattoni sees continuing interest from investors: in the first quarter of the year the company completed transactions in Poland worth a combined total of over €300 million. The developer's activity has spawned the need for a new position - Head of Asset Disposition - which has been filled by Michal Stanisławski.