DGAP-News: CPI Property Group - Chałubinskiego 8 Office Acquisition in Warsaw

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

PRESS RELEASE
Luxembourg, 24 April 2020

CPI Property Group - Chałubinskiego 8 Office Acquisition in Warsaw

CPI Property Group ("CPIPG" or "the Group"), the largest owner of income-generating real estate in the Czech Republic, Berlin and the CEE region, announces the acquisition of a 50.3% stake in the Chałubinskiego 8 office building in central Warsaw.

Chałubinskiego 8 is one of the most recognisable and distinctive high-rise office properties in Warsaw and comprises 46,000 square metres of GLA across 47 floors.

"The Group believes Chałubinskiego 8 is a superb long-term acquisition, with steady rental income and the potential for adjacent developments," said Tomas Salajka, head of acquisitions and asset management for CPIPG. "With a relatively small initial investment, we can enhance our market-leading portfolio in Warsaw while creating opportunities for the future."

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
d.greenbaum@cpipg.com

CPI PROPERTY GROUP
Joe Weaver
Director of Capital Markets
j.weaver@cpipg.com

MEDIA/PR
Kirchhoff Consult AG
Andreas Friedemann
Borselstraße 20
22765 Hamburg
T +49 40 60 91 86 50
F +49 40 60 91 86 60
E andreas.friedemann@kirchhoff.de