Real estate developer CPI Property Group, controlled by Radovan Vitek, the third richest person in the Czech Republic, has received the approval of the antitrust authorities in Czech Republic and Hungary for the purchase of several retail properties of CBRE Global Investors in Central and Eastern Europe, including the Felicia Shopping Center commercial center in Iasi, Eastern Romania.
The transaction, which was announced in January, could be completed next month, according to a press release of the Czech group. The deal’s value hasn’t been made public, but the general director of CPI Property said that it could be the largest in the region this year.
The portfolio that will be sold by CBRE Global Investors includes 11 commercial centers, with a rentable area of 265,000 sqm, including Felicia Shopping Center. The mall in Iasi has a rentable area of 28,500 sqm.