Events

In the third quarter of the 2023 year, the total assets of the company were €23.2 billion. CPIPG’s property portfolio was €20.3 billion. The Group executed €731 million of disposals during the first three quarters of 2023. The net rental income as well as the hotel's net income increased. The Group has also signed multiple secured bank loans and continued to raise senior unsecured debt, contributing to a total of almost €1.2 billion in new external financing year to date, CPIPG announced in a report on the unaudited financial results for the nine months ended 30 September 2023. In this report, CPIPG has also published short responses to the “Part 1” report by Muddy Waters.

S Immo successfully concluded the disposal of the Eurocenter office building in Zagreb, Croatia. In addition to offices, the Eurocenter also includes a bank branch and a café and has a gross lettable area of around 9,000 sqm. The transaction of the centrally located and well communicated mixed use office building with an asset value of €26.5 million to buyer Atlantic Grupa d.d. was carried out by way of a share deal.

Technology is capable of extending offices’ lifespans and reducing the necessity for extensive renovations. However, due to economic and geopolitical events, investors are more restrained, Colliers reports.