ARTICLES LABELLED WITH TAG cpipg
02
Oct
2024
Oct
2024
CPIPG to expand shopping centre in Teplice
The Olympia Teplice shopping centre and business zone from CPI Property Group's portfolio is expanding. The enlarged shopping centre is planned to offer almost a hundred stores in an area of 43,000 sqm.
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02
Sep
2024
Sep
2024
CPIPG closes H1 with increased gross rental income
CPIPG has published unaudited financial results for the six months ended 30 June 2024. Further reducing leverage and complexity remains the Group's key priority, as David Greenbaum, CEO at CPIPG explained.
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02
Sep
2024
Sep
2024
CPIPG completes independent review of short seller allegations
CPIPG has prepared an update for our stakeholders regarding the completion of the independent review of allegations raised by short seller Muddy Waters. Global law firm White & Case has concluded its independent compliance review of the allegations raised by short seller Muddy Waters since November 2023, along with an assessment of our governance practices.
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23
Jul
2024
Jul
2024
Immofinanz eyes further integration into CPIPG
The board of real estate group Immofinanz has approved a framework with CPI Property Group (CPIPG), which holds 75% of the company, which paves the way for future consolidation of the two groups.
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26
Jun
2024
Jun
2024
CPIPG sells half of Vulcanion portfolio in Poland
CPIPG has announced further progress in the Group’s strategy to reduce leverage. CPIPG and its subsidiaries, CPI FIM SA and Czech Property Investments have signed a partnership agreement through which CPIPG is going to sell a 49% common equity stake in Vulcanion for €250 million to funds managed by Sona Asset Management.
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03
Jun
2024
Jun
2024
CPI Property Group closes €600 million of disposals YTD
CPIPG has published unaudited financial results for the three months ending 31 March 2024. Total assets have reached €21.5 billion, and CPIPG’s property portfolio is equal to €19.2 billion (versus €19.5 billion at year-end 2023).
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03
Jun
2024
Jun
2024
CPIPG reacts to rating downgrade and other recent events
S&P Global Ratings has downgraded CPIPG’s rating from BBB- to BB+ with a negative outlook. CPIPG has communicated an update for its stakeholders concerning recent events and news.
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27
May
2024
May
2024
CPIPG reduces company complexity
CPIPG has announced the Group’s strategic initiatives including group simplification, financing updates and governance review.
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06
May
2024
May
2024
CPIPG sells Swiss ski resort
CPI Property Group has announced an important step in its disposal programme. The company has completed the sale of its ski resort business in Crans Montana, Switzerland.
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02
May
2024
May
2024
CPIPG partners with Sona Asset Management in Poland
CPIPG has signed a commitment agreement with Sona Asset Management LLP regarding a proposed equity investment of €250 million in Poland.
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Latest news
- Hungary construction starts Q1 with €1.8 billion in new projects
- MAS sells Romanian and Bulgarian retail projects for net €251 million
- Big Poland opens retail park in Dzierżoniów
- Jakob Sonne Resort brings architect-led branded residences concept to Poiana Brașov
- Urbano Group opens first phase of retail park near Cluj
- Prague office market rebounds with 81% construction surge
- Pre-lease deals drive Bucharest office market recovery
- Passerinvest to complete Prague mixed-use project in Q4 2026
- Speedwell buys Warsaw site for SplacePlus expansion
- Investors rethink strategy as capital, financing and AI reshape real estate
New leases
- Yokogawa Romania has extended its lease agreement for another five years in Building F of YUNITY Park, a business campus owned by Genesis Property. The agreement marks the fourth consecutive renewal for the local subsidiary of the Japanese industrial automation and process control company. Originally signed in 2007, this latest extension brings the total duration of the corporate partnership to more than 20 years.
- Vastint Romania has secured a new lease agreement with Arcadis Romania for 1,183 sqm of office space in Building A of the Business Garden Bucharest development.
- Karimpol Polska has signed a major lease agreement with Volkswagen Financial Services at the Skyliner II complex at Rondo Daszyńskiego in Warsaw. The automotive financial services provider will occupy nearly 6,000 sqm of office and retail space in the project's second tower. Following the transaction, the occupancy rate of Skyliner II has reached 50%.
New appointments
- Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.
- Colliers has appointed Kata Mazsaroff, Tamás Beck, and Miklós Ecsődi as Equity Partners in Hungary, effective 30 April 2026. Mazsaroff, who joined in 2007, rises to Managing Partner after overseeing a 200 per cent revenue increase since her 2022 appointment as Managing Director. Beck, with Colliers since 1994, has led the Industrial & Logistics division since 2005, facilitating transactions covering 1.9 million sqm of built space and 9.8 million sqm of land. Ecsődi, Head of Occupier Services and Office Agency since joining in 2011, has secured over 450,000 sqm in leases valued above €600 million.
- Aleksandra Walaszek and Tomasz Nowakowski have joined Cushman & Wakefield’s Retail Agency. Walaszek has more than 10 years of experience in the retail sector. Nowakowski is an expert with nearly 20 years of experience in strategic leasing and retail property transaction management.
