Having warned the market over the summer that it would be selling off around €1 billion in non-core property assets, CPI Property Group has gone and done it. Or at least a big portion of it. According to an official filing, the company signed off on disposals worth around €700 million, with net proceeds following debt payoffs coming to about €550 million. The disposals include the Prague headquarters of Generali (to Generali Česká Pojišťovna) and BB Centrum E (the CEZ HQ building) to a real estate fund in the Czech Republic. The latter deal is due to close . . .
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