DGAP-News

CPI PROPERTY GROUP - Investment in Nova RE - Seite 2

"The acquisition of Nova RE brings strategic efficiencies to CPIPG's investments in Italy," said Martin Nemecek, CEO. "Italy is a small portion of the Group's property portfolio, but we are excited to have a well-managed platform for future growth."

The newly issued Nova RE shares will carry the same rights as Nova RE's outstanding ordinary shares. The new shares will not be traded on the Electronic Stock Market organized and managed by Borsa Italiana S.p.A. (Mercato Telematico Azionario or MTA) immediately upon their issue, but are expected to be listed at a later date in accordance with the results of the takeover bid and regulatory requirements.

For more on CPI PROPERTY GROUP, visit our website: www.cpipg.com.

For further information please contact:

INVESTORS

CPI PROPERTY GROUP
David Greenbaum
Chief Financial Officer
[e-mail]

CPI PROPERTY GROUP
Joe Weaver
Director of Capital Markets
[e-mail]

MEDIA/PR

Kirchhoff Consult AG
Andreas Friedemann
T [phone]
F [phone]
E [e-mail]

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08.10.2020 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
	Luxemburg
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.cpipg.com
ISIN:	LU0251710041
WKN:	A0JL4D
Listed:	Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart
EQS News ID:	1139565