ARTICLES LABELLED WITH TAG CPI

22
Sep
2021

JLL and CPI begin cooperation on 320,000 sqm of Polish offices

by Property Forum
CPI Property Group signed framework agreements with advisory company JLL for comprehensive project management services in 13 office buildings in Warsaw. The total GLA that the cooperation encompasses is approximately 320,000 sqm. The JLL Project & Development Services team will be responsible for the implementation.
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16
Sep
2021

RSBC Real Estate buys Prague office building from CPIPG

by Property Forum
Czech investment group RSBC is acquiring an office building in Prague's Michle district from CPI Property Group. The building, located next to the BB Centrum complex, houses the headquarters of energy company ČEZ, business daily Hospodářské noviny reports.
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01
Sep
2021

CPIPG reports 7% increase in net rental income

by Property Forum
CPI Property Group’s net rental income increased to €175 million in H1 2021 (up 7% versus H1 2020) and its consolidated adjusted EBITDA rose to €172 million (up 5% versus H1 2020). The company published its unaudited financial results for the six-month period ended 30 June 2021.
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18
Aug
2021

CPI Hotels builds new hotel in Brno

by Property Forum
CPI Hotels has begun the construction of a new Clarion hotel in Brno, near the city’s main train station, local daily Denik reports.
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06
Jul
2021

CPIPG and Aroundtown become majority owners of Globalworth

by Property Forum
CPI Property Group and Aroundtown notified Globalworth of a series of transactions in respect of their existing holdings which have resulted in Zakiono, an entity indirectly owned by the consortium holding a total of 51.50% of the shares in the company. Zakiono now itself holds sufficient voting rights to exert statutory control over the company, including in due course the ability to appoint and remove directors from the board.
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31
May
2021

CPIPG records 7% increase in EBITDA in Q1 2021

by Property Forum
CPI Property Group’s net rental income increased by 6% to €88 million in Q1 2021 compared to Q1 2020. Consolidated adjusted EBITDA increased by 7% to €90 million and funds from operations (FFO) increased by 4% to €61 million compared to Q1 2020. The company published its unaudited financial results for the first quarter of 2021.
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27
May
2021

Globalworth publishes response to takeover offer

by Property Forum
The Independent Committee of the Globalworth Board has published its response circular in connection with the unsolicited cash offer by CPI Property Group S.A. and Aroundtown SA at €7.00 per Globalworth share. The Independent Committee continues to believe that the offer significantly undervalues Globalworth, its assets and its prospects.
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03
May
2021

CPI begins reconstruction of Budapest shopping centre

by Property Forum
The interior of the Campona shopping centre in South Buda, owned by CPI Property Group,  will be completely rebuilt by the end of 2021.
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28
Apr
2021

Major shareholders say takeover offer undervalues Globalworth

by Property Forum
Growthpoint Properties Limited, the European Bank for Reconstruction and Development and Oak Hill Advisors responded to the unilateral announcement by CPI Property Group and Aroundtown of a firm intention to make a cash offer for the share capital of Globalworth.
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26
Apr
2021

Globalworth advises shareholders to take no action

by Property Forum
On 14 April 2021, CPI Property Group S.A. and Aroundtown SA unilaterally announced a firm intention to make a cash offer for the share capital of Globalworth not already owned or controlled by them at €7.00 per Globalworth share. On 19 April 2021, Globalworth announced the formation of an independent committee of the Board to evaluate the offer.
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Latest news


New leases

  • 108 Agency Slovakia has secured a lease of 3,392 sqm for a confidential client in the Plus Centrum office building located in Bratislava.
  • Wella Company, a beauty start-up will move to Brama Miasta by Skanska in Łódź. On approx. 1,500 sqm the company will open their newly created Shared Services Centre – as many as 200 people will work there, including their new IT Center of Excellence.
  • Dover, a diversified global manufacturer and solutions provider, has leased 1,170 sqm in Globalworth Plaza. The company has a global team of over 24,000 employees and an annual revenue of around $7 billion.

New appointments

  • Colliers Poland is developing its Workplace Innovation department – Karolina Dudek, PhD has just joined the team as Associate Director. She will use her skills in organisational diagnosis, knowledge of research methodology and design management expertise to support the shaping of sustainable work environments.
  • Cromwell Property Group has appointed Piotr Goździewicz as senior investment manager for Central and Eastern Europe. He will be responsible for executing a variety of investment strategies of Cromwell and its capital partners in the region with a focus on Poland, Czech Republic and Slovakia.
  • CBRE Czech Republic appointed Jiří Stránský the new Head of Sustainability. He will be responsible for creating and coordinating solutions for complex ESG strategies, which react to the ever-growing trend of corporate social responsibility and a sustainable approach to the environment in accordance with the Green Deal for Europe.


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