ARTICLES LABELLED WITH TAG CPI Europe

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

The iconic Budapest Marriott Hotel, a landmark on the Danube River, has been acquired by a Hungarian consortium comprising BDPST Group and Diorit Private Equity Fund, managed by Gránit Asset Management, for an undisclosed sum.

CPI Europe reported a slight dip of 2.9% in rental income to €139.0 million during Q1 2025 versus the same period of last year over strategic property divestitures. 

CPI Europe reported a net profit of €133.5 million during 2024, a significant turnaround from the previous year's loss of €229.5 million.The shift is attributed to stable valuations, with revaluations turning positive at €12.6 million, compared to a loss of €376.8 million in the prior year. 

CPI Europe has announced the sale of several properties in Vienna and Prague as part of a strategic portfolio optimization initiative.

CPI Europe Group (formerly known as Immofinanz) is selling an office and retail complex in the Slovak capital to WOOD & Company, thus taking another step in its strategic portfolio optimisation. The property portfolio comprises two myhive office buildings, a VIVO! shopping centre and a 3,200 sqm plot of land with potential for residential development.

Immofinanz will be rebranded as CPI Europe following a proposal forwarded by the group’s majority shareholder CPI Property Group that was passed in a meeting of shareholders.