EQS-News 109 0 Kommentare CPI PROPERTY GROUP – Sale of two Retail Properties to IMMOFINANZ AG

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CPI Property Group sells two retail properties to IMMOFINANZ AG for €165.5 million.
The properties have a total usable space of 49,200 m² and include the Olympia Pilsen shopping centre.
The sale is considered a related party transaction and is not part of CPIPG's external disposal pipeline.

EQS-News: CPI PROPERTY GROUP / Key word(s): Real Estate
CPI PROPERTY GROUP – Sale of two Retail Properties to IMMOFINANZ AG

21.12.2023 / 21:03 CET/CEST
The issuer is solely responsible for the content of this announcement.

CPI Property Group
(société anonyme)
40, rue de la Vallée
L-2661 Luxembourg
R.C.S. Luxembourg: B 102 254

Press Release - Corporate News

Luxembourg, 21 December 2023

CPI PROPERTY GROUP – Sale of two Retail Properties to IMMOFINANZ AG

CPI PROPERTY GROUP (“CPIPG” or the “Company”) is pleased to announce the sale of the Olympia Pilsen shopping centre and a retail park in the Czech Republic to IMMOFINANZ. The transaction value was €165.5 million.

The usable space in both fully rented properties totals roughly 49,200 m². The Olympia Pilsen Shopping Center is located on the southeast border of Pilsen and has more than 120 shops on 41,000 m² of space.

The transaction technically qualifies as a related party transaction because CPIPG consolidates IMMOFINANZ. As a related party disposal, this sale is not included in CPIPG’s €2 billion external disposal pipeline.

For further information, please contact:

Investor Relations
Moritz Mayer
m.mayer@cpipg.com

For more on CPI Property Group, visit our website: www.cpipg.com
Follow us on X (CPIPG_SA) and LinkedIn

21.12.2023 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:	+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
EQS News ID:	1802621