Global Property Capital, a Swiss minority shareholder in the residential developer Central Group, is in liquidation. The investor bought a 10% stake of Central Group in 2008, having paid CZK 1bn (€40m). This included an option to increase its stake to 49 percent in the course of three years. Developer’s spokeswoman Veronika Ježková told the website E15 that Central Group plans to set up a holding company in Cyprus and to expand into foreign markets.
