ARTICLES LABELLED WITH TAG CPIPG

News Immofinanz and S Immo explore merger
23
Jan
2023

Immofinanz and S Immo explore merger

by Property Forum
Property groups Immofinanz and S Immo said they are reviewing further alignment, coordination, merger or other forms of integration, with CPI Property Group (CPIPG) as supporting shareholder. 
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News Immofinanz ends 2022 with significant retail portfolio expansion
30
Dec
2022

Immofinanz ends 2022 with significant retail portfolio expansion

by Property Forum
Immofinanz has significantly expanded its retail portfolio in the 2022 financial year. As a result of acquisitions and completions, the portfolio has grown from 111 to 169 locations in ten European countries over the course of the year, with a carrying amount of approximately €2.3 billion (excluding S Immo). Rentable space increased by nearly 30% to approximately 1.36 million sqm.
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News Skanska to build apartments in Prague 9 for €41 million
08
Dec
2022

Skanska to build apartments in Prague 9 for €41 million

by Property Forum
The area of former factories and industrial halls in Prague 9 will be transformed into a modern urban district. Skanska is now planning to invest more than CZK 1 billion (€41 million) in the Alfred apartment building there. The building, which is part of the second phase of the construction of the district of industrialist Emil Kolben, is expected to be completed in 2025, reports E15.cz.
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News Immofinanz wants to increase shareholding in S Immo to over 50%
21
Nov
2022

Immofinanz wants to increase shareholding in S Immo to over 50%

by Property Forum
Immofinanz has received approval from its Supervisory Board to enter into negotiations with its core shareholder CPI Property Group concerning the acquisition of shares in S Immo. Currently, Immofinanz directly holds approx. 26.49% of S Immo. CPIPG directly holds 52.7% of S Immo, which may further increase as a result of CPIPG’s mandatory takeover offer over S Immo.
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News Immofinanz to sell Bucharest office building
17
Nov
2022

Immofinanz to sell Bucharest office building

by Property Forum
Property group Immofinanz, controlled by CPI Property Group (CPIPG), is reportedly negotiating the sale of its Băneasa Airport Tower office building in northern Bucharest.
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News CPIPG cleans up portfolio and sells €2 billion of assets
15
Nov
2022

CPIPG cleans up portfolio and sells €2 billion of assets

by Property Forum
CPI Property Group has announced the divestment of part of its portfolio to reduce the Group's debt burden. Its debt had primarily increased due to the Group's €8 billion investment in Austria. The estimated value of the properties to be sold is expected to be around €2 billion. The liquidation strategy was announced by CPI PG in its notification to shareholders.
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News ZDR Investments invests again in Austrian retail asset
08
Nov
2022

ZDR Investments invests again in Austrian retail asset

by Property Forum
Czech real estate funds are attracted to invest abroad, and not only in Poland. ZDR Investments is now heading to Austria to acquire a retail park in Voitsberg, Austria, for the second time. It is now investing €12.3 million. In total, the group has already invested six times in Austria, writes E15.cz.
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News Immofinanz completes further property sales in CEE
03
Nov
2022

Immofinanz completes further property sales in CEE

by Property Forum
Immofinanz has successfully completed the sale of additional office properties. Two office buildings in Vienna were sold to the Austrian Winegg Group for an attractive market price of approximately €60 million. These two properties have 7,000 sqm of space in total and are occupied by long-term tenants.
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News Immofinanz to sell Hungarian office portfolio to S Immo
28
Sep
2022

Immofinanz to sell Hungarian office portfolio to S Immo

by Property Forum
Immofinanz has signed a letter of intent for the sale of its Hungarian office properties to S Immo. This transaction is taking place through close cooperation within the CPI Property Group to realise synergy effects and can be used to extend Immofinanz’s myhive office solutions to the entire group. The Hungarian portfolio includes six buildings in Budapest with roughly 124,000 sqm of rentable space. The closing of the transaction could take place before the end of 2022.
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News Immofinanz acquires €324 million retail portfolio from CPIPG
19
Sep
2022

Immofinanz acquires €324 million retail portfolio from CPIPG

by Property Forum
As part of its value-creating growth strategy with a focus on high-return properties, Immofinanz is acquiring 53 retail properties in the Czech Republic, Poland, Slovakia and Hungary from its majority shareholder CPI Property Group (CPIPG). The acquired portfolio has roughly 217,000 sqm of rentable space and is fully let with an occupancy rate of 99%. The purchase price totals €324.2 million. The purchase contract was signed today, together with the closing for 36 retail properties in the Czech Republic and Poland which have 108,000 sqm of rentable space. The purchase price of €191 million for those properties was financed from existing funds. The closing for the remaining 17 properties in Hungary and Slovakia is expected to take place by the end of this year.
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Latest news


New leases

  • Catering products supplier Bidfood Farutex has become the first tenant of DC4 building at Prologis Park Wrocław III, having leased 9,795 sqm. Farutex will move into its new space in August 2023.
  • Warsaw's Renova shopping mall, located in Targówek and owned by Napollo, has just opened the first outlet of the Mother Earth brand in Warsaw. The outlet will be located on the ground floor of the mall.
  • Gdańsk's Galeria Zaspa has gained a new tenant. Clothing brand Sinsay has taken nearly 600 sqm of space in the facility.

New appointments

  • Oscar Kazanelson - the current Chairman of the Supervisory Board of ROBYG - has been appointed Chairman of the Supervisory Board of Vantage Development. This is related to the decision to build synergies within the TAG Immobilien Group.
  • Piotr Chemperek has joined the experts of the Office Space Department at Colliers Poland, taking the position of Associate Director. He will be responsible for advising companies in the medical sector.
  • Magda Twarowska joins Logicenters Poland, the logistics arm of NREP, as Head of Commercial. She will be responsible for managing tenant relations and leasing activities, covering the standing assets and projects held by NREP NSF IV portfolio company, BIK S.A.


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