EQS-News: CPI PROPERTY GROUP – Sale of two Retail Properties to IMMOFINANZ AG

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    
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