ARTICLES LABELLED WITH TAG S Immo

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 CPI sells office portfolio in Budapest to S Immo
09
Nov
2022

CPI sells office portfolio in Budapest to S Immo

by Property Forum
The sale comprises eight properties totalling around 109,000 sqm of lettable space with an annual rental income of approximately €16 million, plus one plot of land. 
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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 S Immo makes new green investment in Budapest
26
Sep
2022

S Immo makes new green investment in Budapest

by Property Forum
The owner and asset management company placed 437 solar panels on top of the Blue Cube office building to decrease CO2 emissions by 120 thousand kilogrammes a year.
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News CPIPG takover brings changes in S Immo’s Management Board
08
Sep
2022

CPIPG takover brings changes in S Immo’s Management Board

by Property Forum
Following the completion of the mandatory offer by CPI Property Group in relation to S Immo, the Supervisory Board and the acting Chairman of the Management Board, Dr. Bruno Ettenauer, have mutually agreed that Mr. Ettenauer's Management Board contract terminated at the end of 6 September 2022.
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News CPIPG increases portfolio value to €20.9 billion
01
Sep
2022

CPIPG increases portfolio value to €20.9 billion

by Property Forum
CPI Property Group's real estate portfolio increased to €20.9 billion in the first half of 2022. It was the result of two large acquisitions of Immofinanz and S Immo and therefore also the net rental income reached the level of €263 million and net business income went up to €276 million, CPIPG reported in the latest press release on half-year financial results for 2022.
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News CPIPG becomes majority owner of S Immo
22
Aug
2022

CPIPG becomes majority owner of S Immo

by Property Forum
CPI Property Group (CPIPG) has become the owner of approximately 79.2% of the shares of the Austrian company S Immo. CPIPG, in its mandatory takeover offer, offered to buy out the shares of S Immo for €23.50 per share. This offer, available until August 12, 2022, was taken up by holders of approximately 36.66% of S Immo shares.
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News S Immo secures green ratings for Budapest office building
12
Aug
2022

S Immo secures green ratings for Budapest office building

by Property Forum
S Immo Hungary’s Blue Cube office building has been awarded a Very Good green rating in the BREEAM In-Use category and an Excellent rating in the Building Management category.
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News Romanian property investments could reach €1 billion in 2022
12
Aug
2022

Romanian property investments could reach €1 billion in 2022

by Property Forum
Investment transactions worth €336 million were concluded on Romania’s property market in the first semester of 2022, up 13% year-on-year, while for the whole year the sector could generate deals closer to or even higher than €1 billion, according to a report by real estate consultancy Colliers. 
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News CPIPG reports  243% y-o-y profit growth in Q1 2022
01
Jun
2022

CPIPG reports 243% y-o-y profit growth in Q1 2022

by Property Forum
CPI Property Group reported first-quarter profit growth of 243 percent year-on-year to €381 million (roughly CZK 9.4 billion). It was able to do so thanks to its takeover of Austria's Immofinanz, which owns a number of commercial properties. CPI now owns 76.86 percent of the shares in this Austrian company. As a result, CPI is currently the Central European leader in real estate and is planning further expansion with the Austrian real estate company S Immo, where it now controls 42.6 per cent along with Immofinanz.
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Latest news


New leases

  • Signify is relocating its existing headquarters in Lódź. The new office, located in the city centre in the Hi Piotrkowska complex, has an area of over 2,800 sqm. The tenant was assisted in the signing of the contract and the process of arranging the new office by the consulting firm CBRE.
  • Magwise Medical Centre is a new tenant of the Wola Retro office building in Warsaw owned by Develia. The clinic, which specialises in mental health, has taken nearly 390 square metres of space on the ground floor of the building.
  • Logistics company Fiege will lease approximately 5,000 sqm in the ONE industrial park in Lovosice built by Cromwell Property Group. The transaction was arranged by Matěj Indra, head of the industrial department at 108 Agency Czech Republic.

New appointments

  • Lucia Niculae has been appointed Business Development Director of Romanian construction company Pedro Construct. She has been an investor since 2018 and currently manages her own property portfolio. 
  • 108 Agency promoted Matej Indra to Head of Industrial Agency for the Czech Republic.
  • Michał Ozimek has joined the Valuation department at Corees Polska - Commercial Real Estate, taking up the position of Senior Valuation & Investment Analyst. Working in the agency's Warsaw branch, he will be responsible for supporting processes related to the development of property valuations.


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