CPI PROPERTY GROUP / LU0251710041
21.12.2023 - 21:03:10CPI PROPERTY GROUP – Sale of two Retail Properties to IMMOFINANZ AG
| CPI PROPERTY GROUP / Key word(s): Real Estate 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 (“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. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| 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 |
| End of News | EQS News Service |
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