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Nachricht vom 15.12.2014 | 08:16 CPI PROPERTY GROUP - Acquisition of Luxury Residential Development Project in Sardinia CPI PROPERTY GROUP / Key word(s): Acquisition/Real Estate 15.12.2014 / 08:16 CPI PROPERTY GROUP - Acquisition of Luxury Residential Development Project in Sardinia Luxembourg, 15 December 2014. CPI PROPERTY GROUP (the "Company") announces the acquisition of luxury residential development project in Sardinia, Italy. The project for development of luxury villas is located on a 3 hectares plot near Porto Cervo, one of the prime resorts of Sardinia and the whole Mediterranean. The acquisition price is EUR 5.6 million, with further investments at the level of EUR 10 million. The Company will seek project bank financing to cover a part of the costs. The project contains plots with building permits and all rights connected to the land. The villas to be constructed are planned to be sold to outside clients. The project is in line with the Company's expanded strategy, which includes an entry to the Italian market, and follows on the previous very successful luxury residential development Palais Maeterlinck, located near Nice, France. 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 15.12.2014 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de Language: English Company: CPI PROPERTY GROUP 40, rue de la Vallée L-2661 Luxembourg Grand Duchy of Luxembourg Phone: +49 (0)30 440123120 Fax: +49 (0)30 390 93 199 E-mail: InvestorRelations@gsg-group.de Internet: www.gsg-group.de ISIN: LU0251710041 WKN: A0JL4D Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Düsseldorf, Stuttgart End of News DGAP News-Service 305295 15.12.2014 http://www.dgap.de/dgap/News/corporate/cpi-property-group-ac… |
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| aus der Diskussion: | ORCO GERMANY - Immo-Aktie WKN: A0JL4D - könnte mal wieder steigen |
| Autor (Datum des Eintrages): | daPietro (15.12.14 08:49:17) |
| Beitrag: | 97 von 97 (ID:48570602) |
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