CPI Europe completes over €165 million in asset disposals

27
Jun
2025
News - CPI Europe completes over €165 million in asset disposals #Budapest Marriott Hotel #CPI Europe #Hungary #investment #Iride #Romania

by Property Forum | Investment

CPI Europe has sold assets exceeding €165 million as part of its strategy to divest lower-yielding or non-strategic assets.


The group is selling the Budapest Marriott Hotel to a consortium of Hungarian investors, including the BDPST Group and the Diorit Private Equity Fund managed by Gránit Asset Management. This sale, which resulted from an open international tender, is valued at over €115 million and is pending regulatory approval.

Additionally, CPI Europe finalized the partial sale of IRIDE Business Park and two adjacent land plots in Bucharest to Alfa Group for more than €50 million.

These disposals align with CPI Europe's ongoing strategy to optimize its portfolio. 




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New leases

  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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