ARTICLES LABELLED WITH TAG CPI Europe

CPI Europe has announced an adjustment to its business strategy to better align with its existing group structure, recent business developments, and the market environment.   

CPI Europe has announced the appointment of Vít Urbanec and Zdeněk Havelka to its Executive Board, effective immediately until December 31, 2027. 

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.