Austria-listed Meinl European Land (MEL) announced on Thursday that Israeli property company Gazit-Globe and CPI Capital Partners Europe are to make a strategic investment of up to EUR 800mln in the company. MEL's governance and management structure is also being re-structured.
Austria-listed Meinl European Land (MEL) announced on Thursday that Israeli property company Gazit-Globe and CPI Capital Partners Europe are to make a strategic investment of up to EUR 800mln in the company. MEL's governance and management structure is also being re-structured.
Last September, MEL announced the start of a strategic review after the company was investigated by the Austrian stock market regulator over a share buyback scheme.
Gazit-Globe is a property investor listed in Tel Aviv, while CPI Capital Partners Europe LP is a real estate fund advised by Citi Property Investors, a business unit of Citibank International.
