Hogan Lovells advises CPI Property Group on the acquisition of shares in Globalworth
Hogan Lovells advised CPI Property Group ("CPIPG") on its recent investment in Globalworth Real Estate Investments Limited ("Globalworth"). CPIPG is among the largest owners of income-generating real estate in the CEE region and Berlin, with a property portfolio exceeding EUR 8bn; Globalworth is a leading owner of office properties in Poland and Romania. CPIPG is headquartered in Luxembourg and listed on the Frankfurt Stock Exchange, while Globalworth is headquartered in Guernsey and listed on the AIM platform of the London Stock Exchange.
The Hogan Lovells team was co-led by London corporate partners Daniel Simons and Sarah Shaw. "Hogan Lovells has now acted for CPIPG in several jurisdictions and practice areas," commented Sarah Shaw. "Our London-based M&A team is proud to have worked with CPIPG on this transaction, which represents a significant milestone in the expansion of CPIPG’s office portfolio."
Hogan Lovells’ advice involved a series of transactions through which CPIPG acquired about 16.8% of Globalworth’s shares outstanding and voting rights. The largest purchase related to the acquisition of Zakiono Enterprises Limited, a company owned by Globalworth Founder and CEO Ioannis Papalekas. Following the sale of Zakiono and other recent share sales, Mr. Papalekas entirely sold his investments in Globalworth, a company he founded in 2013.
"CPIPG’s acquisition of shares in Globalworth came about quickly and involved many complex issues and uncertainties," said Martin Matula, general counsel of CPIPG. "Hogan Lovells demonstrated a strong commitment to client service and a high level of expertise which allowed us to achieve a successful outcome for all parties."
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