CPI Europe AG has signed a non-binding letter of intent with Czech Property Investments, a.s., a subsidiary of CPI Property Group, for the acquisition of a residential property portfolio in the Czech Republic. The move follows the company’s new strategy announced on 14 August 2025.
The portfolio, branded CPI BYTY, comprises nearly 12,000 apartments located mainly in Ústí nad Labem, Liberec, Ostrava and Prague. It was valued at €891.6 million as of 30 June 2025 and generated €38 million in gross rental income in 2024.
The transaction is subject to due diligence and customary closing conditions and is expected to be completed in the coming weeks.
