EQS-News

CPI PROPERTY GROUP: Disposals Update - Seite 2

The sale is expected to close by the end of March. 

Including today’s announcement, since September 2022, S IMMO has signed sales contracts in Germany for 152 properties with a total volume of around EUR 570m. 

While S IMMO’s success in selling residential properties is clear and is expected to continue, in January 2023 the disposal pipeline was updated to include commercial properties outside of Berlin valued at more than EUR 200m. In total, German assets currently under consideration for disposal by S IMMO exceed EUR 500m. 

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For further information, please contact:

Investor Relations
David Greenbaum    Moritz Mayer
Chief Financial Officer    Manager, Capital Markets
[e-mail]   [e-mail]

For more on CPI Property Group, visit our website: www.cpipg.com    

Follow us on Twitter (CPIPG_SA) and LinkedIn

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21.03.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - 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:	1587411