ARTICLES LABELLED WITH TAG CPI

News Vítek resigns from CPIPG’s Board of Directors
07
Dec
2020

Vítek resigns from CPIPG’s Board of Directors

by Property Forum
Radovan Vítek and Marie Vítek have resigned from CPI Property Group’s Board of Directors and Jonathan Lewis has been co-opted to the Board of Directors. Mr. Lewis is an independent real estate consultant who practised for 40 years as a solicitor, most recently as a partner at international law firm CMS. CPIPG's board now consists of three independent directors (Edward Hughes, Omar Sattar, and Jonathan Lewis) and four members of management (Martin Nemecek, Tomas Salajka, Philippe Magistretti, and Oliver Schlink).
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News CPI increases property portfolio by 8% through acquisitions
02
Dec
2020

CPI increases property portfolio by 8% through acquisitions

by Property Forum
CPI Property Group’s property portfolio increased by 8% to €9.9 billion compared to the end of 2019, primarily due to the acquisition of six office properties in Warsaw, Poland and a 29.4% stake in Globalworth Real Estate Investments Limited. CPIPG published unaudited financial results for the third quarter of 2020.
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News Czech retailer empties stores to protect inventory
12
Nov
2020

Czech retailer empties stores to protect inventory

by Property Forum
C2H, the company that owns the Kara and Pietro Filipi fashion stores in the Czech Republic, has recently emptied its 58 stores in the country to prevent landlords it owes rent to from seizing its inventory as security for payments.
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News CPI Property Group to take over Italian REIT
09
Oct
2020

CPI Property Group to take over Italian REIT

by Property Forum
On 2 October 2020, CEE-based investor CPI Property Group submitted a binding offer to participate in a capital increase of Nova RE SIIQ S.p.A. The offer was approved by the board of Nova RE on 7 October 2020. CPIPG will subscribe for newly issued shares of Nova RE at a price of €2.36 per share, for a total consideration of about €26 million. Following the capital increase, CPIPG will own more than 50% of Nova RE and will launch a mandatory takeover offer for the remaining shares in Nova RE at €2.36 per share. The capital increase is subject to the approval of Nova RE’s financing bank (standard change of control provision) and will be funded with cash.
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News US court to hear appeal against CPI case dismissal
07
Oct
2020

US court to hear appeal against CPI case dismissal

by Property Forum
A group of companies that in April 2019 filed a lawsuit in the Southern District of New York against CPI Property Group, its majority shareholder Radovan Vítek and other accused parties, are appealing against the dismissal of the case.
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News CPIPG announces dismissal of US lawsuit
07
Sep
2020

CPIPG announces dismissal of US lawsuit

by Property Forum
CPI Property Group published an update regarding the lawsuit filed in April 2019 in the United States District Court for the Southern District of New York. The lawsuit concerned a group of Kingstown companies, Investhold LTD and Verali Limited (who filed a claim against CPIPG and Mr. Radovan Vitek and other parties alleging violations of the Racketeer Influenced and Corrupt Organizations Act in the United States. On 4 September 2020, the SDNY Court dismissed the claims against all defendants and directed the clerk of court to close the case.
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News CPIPG increases property portfolio value by 8%
02
Sep
2020

CPIPG increases property portfolio value by 8%

by Property Forum
CPI Property Group’s property portfolio increased to €9.8 billion (up 8% from year-end 2019) as the Group made €928m of acquisitions, primarily offices in Warsaw and a 29.4% stake in Globalworth. The company published its unaudited financial results for the first half of the 2020 financial year.
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News CPIPG acquires office building in Warsaw’s Wola district
31
Aug
2020

CPIPG acquires office building in Warsaw’s Wola district

by Property Forum
CPI Property Group announced the acquisition of Concept Tower office in Warsaw, Poland. Concept Tower represents CPIPG’s 14th office property in Warsaw. The Group is now the largest owner of offices in Warsaw by GLA, with a portfolio of 314,000 square metres.
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News CPI issues Hungary’s first corporate green bond
10
Aug
2020

CPI issues Hungary’s first corporate green bond

by Property Forum
On 5 August 2020, CPI Property Group auctioned HUF 30 billion (about €86 million) of senior unsecured green bonds with a 10-year bullet maturity. The bonds carry a coupon in Forint of 2.25% and were sold at a yield of about 2.02% following a robust investor response with bids of more than HUF 45 billion received at auction. The issuer was the Group’s subsidiary CPI Hungary Investments Kft., with an unconditional guarantee from CPIPG. Raiffeisen Bank Zrt. acted as sole mandated lead arranger on the offering.
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News CPI takes over management of two more Warsaw buildings
03
Jun
2020

CPI takes over management of two more Warsaw buildings

by Property Forum
CPI Property Group is taking over the management of the Central Tower and Prosta 69 buildings in Warsaw. The company now manages 9 out of the 13 office building it owns in Warsaw
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Latest news


New leases

  • In April this year, the House brand joined the group of tenants at CH Korona in Wrocław. The salon occupies nearly 285 sqm of sales space.
  • 18 Gym Fitness & Beauty will open a new location within Agora Arad (the former Galleria Arad) in a deal brokered by the Cushman & Wakefield Echinox. Agora Arad has a leasable area of 36,000 sqm and is currently undergoing a major refurbishment.
  • Transport company Zadbano has become a new tenant at LCube Rzeszów Airport. The company has taken 1.3 thousand sqm of warehouse space in Building 2, which was completed last year.

New appointments

  • Urszula Sekuła has joined the Retail Institute team as Business Development Director. She will be responsible for business development in Poland and three European markets.
  • Hines has announced a new leadership team for Poland. Marcin Wielgus, previously Finance Director and Head of Transactions, will take up the role of Chief Operating Officer and President of the Management Board while Kamil Nurek, previously Director of Project Management will assume the role of Director of Development and Asset Management and Vice-President of the Management Board.
  • At the beginning of April 2024, Barbara Tomaszewska took over as Director of the first Aiden by Best Western in Łódź, Poland. She was previously Deputy Director at Golden Tulip Gdańsk Residence.

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