CPI Property Group will acquire eleven retail properties, including six major regional shopping centers, in Romania, the Czech Republic, Hungary and Poland.

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 in the first quarter of 2017, 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 Felicia shopping center in Romania; 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; and the Ogrody shopping center in Poland.

Evan Z. Lazar, Co-Chairman of the Dentons Global Real Estate Group coordinated the project. The Romanian team was led by Partners Perry Zizzi and Bogdan Papandopol.

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.