CPI’s quest to reduce its overall leverage continues with the announcement of an equity investment of €250 million by Sona Asset Management. The new investor will take a “significant minority” stake in a CPIPG subsidiary holding a €1 billion portfolio of 11 office properties in Warsaw along with two non-Warsaw retail assets. Due diligence is reportedly in an advanced state. “Both parties intend to conclude the transaction with target closing by the end of H1 2024,” according to CPI, which writes that the proceeds will be used to repay debt and reduce leverage.
“Sona will be an excellent . . .
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