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Czech tycoon sees Warsaw real estate as next big thing

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Czech tycoon Radovan Vitek is making a big bet on the booming real estate market in Warsaw, which offers some of the highest returns in Europe and more room to grow than his home country. Mr Vitek’s CPI Property Group SA, already the biggest office landlord in Prague and Berlin, has since October bought five buildings in the Polish capital and a stake in local competitor Globalworth Real Estate Investments Ltd.

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