Although the exact purchase price has not been specified, CPI Hungary said the acquired portfolio is worth almost EUR 170 million.
The recently acquired Hungarian portfolio includes Budapest’s Pólus and Campona shopping malls, a property on Andrássy út, and two Interspar retail stores in Zalaegerszeg and Nyíregyháza.
With the transaction, the total Hungarian portfolio of CPI is expanding from 202,000 sqm to 315,000 sqm, which constitutes almost a 60% expansion, increasing the portfolio’s total value to almost EUR 500 mln.
The Hungarian purchase is being financed by a consortium of four banks, led by UniCredit Bank with members Raiffeisen Bank, Sberbank Czech Republic and Sberbank Hungary.
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