DGAP-News 365 0 Kommentare CPI PROPERTY GROUP secured financing for its major projects, Quadrio and Spojene farmy

DGAP-News: CPI PROPERTY GROUP / Key word(s): Financing
CPI PROPERTY GROUP secured financing for its major projects, Quadrio
and Spojene farmy

29.06.2015 / 17:55

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CPI PROPERTY GROUP secured financing for its major projects, Quadrio and
Spojene farmy

Luxembourg, 29 June 2015. CPI PROPERTY GROUP (the "Company") has obtained
financing for its major projects in the Czech Republic, QUADRIO shopping
centre and Spojene farmy, unique farmland portfolio.

Following the successful completion of QUADRIO project, the Company agreed
with the current club of financing banks, Helaba and UniCredit, on a major
increase of the financing from CZK 2 billion (cca. EUR 73 million) up to
CZK 3.7 billion (cca. EUR 135 million). "Helaba and UniCredit have showed
true commitment for the QUADRIO project from its very beginning. It is
natural that our co-operation will continue and the increased financing
shows that the building is one of the best on the market." said Tomas
Tajer, the project finance manager.

QUADRIO is a modern shopping centre located in the heart of Prague 1,
directly above the metro station Narodni trida. QUADRIO is a unique
mixed-use project comprised of 16,400 sqm of modern A-class office space,
8,500 sqm of retail premises, 13 exclusive apartments and an underground
car parking for 250 cars. QUADRIO will soon become head office for the CEE
operation of the Company.

The Company further obtained a credit facility to refinance the acquisition
of the farmland and farm business held in Spojene farmy. The facility in
the mount of CZK 940 million (cca. EUR 34.5 million) was provided by
Ceskoslovenska obchodni banka (CSOB). "We highly appreciate that CSOB and
we were able to put together the pioneer and complex financing of our farm
business in the Czech Republic. It underlines the potential that lies in
the production of organic food as well as the growing value of farmland in
general" Martin Nemecek, CEO of the Company commented.

Spojene farmy is one of the largest owners of farmland and producers of
high-quality organic food in the Czech Republic. Spojene farmy operates
almost 20,000 hectares of land and has additional investments in the Czech
Republic, Germany, Poland and Slovakia.

For more details please visit www.cpipg.com, www.quadrio.cz, and
www.spojenefarmy.cz.

Contact:
Kirchhoff Consult AG
Sebastian Bucher
Herrengraben 1
D-20459 Hamburg

T +49 40 60 91 86 18
F +49 40 60 91 86 60
sebastian.bucher@kirchhoff.de

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29.06.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: CPI PROPERTY GROUP
40, rue de la Vallée
L-2661 Luxembourg
Grand Duchy of Luxembourg
Phone: +352 264 767 1
Fax: +352 264 767 67
E-mail: contact@cpipg.com
Internet: www.cpipg.com
ISIN: LU0251710041
WKN: A0JL4D
Listed: Regulated Market in Frankfurt (General Standard);
Regulated Unofficial Market in Dusseldorf, Stuttgart

End of News DGAP News-Service
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