EQS-News: CPI PROPERTY GROUP – Sale of an office portfolio in Budapest to S IMMO AG
|
EQS-News: CPI PROPERTY GROUP
/ Key word(s): Real Estate
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, 8 November 2022
CPI PROPERTY GROUP – Sale of an office portfolio in Budapest to S IMMO AG CPI PROPERTY GROUP (“CPIPG” or the “Group”) and S IMMO AG today entered into an agreement concerning the sale of an office portfolio in Budapest. The sale comprises eight properties (Gateway Office Park, Arena Corner, Andrássy Palace and the five-part BC99 Office Park) totalling around 109,000 sqm of lettable space with an annual rental income of approximately €16 million, plus one plot of land. The transaction volume amounts to €238.3 million. The transaction qualifies as a related party transaction and thus is not included in the Group’s €2 billion external disposal pipeline. CPIPG holds 79.20% shares in S IMMO AG.
For further information, please contact: Investor Relations David Greenbaum
For more on CPI Property Group, visit our website: www.cpipg.com
08.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| 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: | [email protected] |
| Internet: | www.cpipg.com |
| ISIN: | LU0251710041 |
| WKN: | A0JL4D |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart |
| EQS News ID: | 1482325 |
| End of News | EQS News Service |
|
|
1482325 08.11.2022 CET/CEST
