ARTICLES LABELLED WITH TAG CPI Property Group

News CPI sells hotel on Wenceslas Square in Prague
19
Nov
2024

CPI sells hotel on Wenceslas Square in Prague

by Property Forum
S Immo, belonging to CPI Property Group, has sold the heritage-protected Juliš Hotel on Prague's Wenceslas Square, reports Hospodarske Noviny.
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News Immofinanz increases shareholding in S Immo to 89%
25
Sep
2024

Immofinanz increases shareholding in S Immo to 89%

by Property Forum
Immofinanz Group is acquiring a further 28,241,094 shares in S Immo from its core shareholder CPI Property Group, thus increasing its stake in S Immo to around 89%.
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News Immofinanz sees profit surge in H1 2024
29
Aug
2024

Immofinanz sees profit surge in H1 2024

by Property Forum
Immofinanz Group, majority owned by CPI Property Group, recorded a rental income growth of 13% during H1 2024 to €292.5 million compared to the same period of last year and recorded a strong profit, according to a financial report.
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News Obermeyer Helika and CPIPG complete first stage of resi project in Prague
22
Aug
2024

Obermeyer Helika and CPIPG complete first stage of resi project in Prague

by Property Forum
The first stage of the Kolbenova Park residential project in Vysočany in Prague has been completed and approved for use, as the design and construction consulting office Obermeyer Helika has announced. The project consisting of six buildings is gradually executed in several phases. The developer is CPI Property Group.
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News Immofinanz eyes further integration into CPIPG
23
Jul
2024

Immofinanz eyes further integration into CPIPG

by Property Forum
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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News Immofinanz records 11.5% rental growth in Q1 2024
28
May
2024

Immofinanz records 11.5% rental growth in Q1 2024

by Property Forum
Immofinanz Group generated sound growth in rental income and earnings in the first quarter of 2024. Rental income rose by 11.5% year-on-year to €143.2 million. After an adjustment for new acquisitions, completions and sales, the like-for-like rental income recorded by Immofinanz (excluding S Immo) rose by 6.4%. The results of asset management increased by 14.3% over the previous year to €120.0 million and the results of operations improved by a strong 26.4% to €104.3 million. FFO 1 after tax was 23.5% higher at €69.7 million (Q1 2023: €56.4 million).
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News Immofinanz starts preparations for squeeze-out of S Immo
24
May
2024

Immofinanz starts preparations for squeeze-out of S Immo

by Property Forum
The Supervisory Board of Immofinanz has approved the commencement of preparations for a squeeze-out of S Immo in accordance with the Austrian Squeeze-out Act. In the course of the squeeze-out, shares in S Immo held by minority shareholders shall be transferred to Immofinanz as the main shareholder in exchange for appropriate cash compensation.
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News CPIPG gets €277 million to refinance three office assets
22
May
2024

CPIPG gets €277 million to refinance three office assets

by Property Forum
CPI Property Group Poland has successfully concluded a green refinancing transaction with Aareal Bank amounting to more than €277 million for three office properties in Warsaw.
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News Immofinanz reports negative net profit for 2023
28
Mar
2024

Immofinanz reports negative net profit for 2023

by Property Forum
Immofinanz Group generated strong growth in rental income during the 2023 financial year. This development was based primarily on the full consolidation of S Immo, the purchase of retail properties, and solid growth in like-for-like rental income. However, due to revaluation effects, the company recorded a decline in net profit to €-229.5 million in 2023.
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News S Immo sells Zagreb office building to Hungary's OTP Group
22
Mar
2024

S Immo sells Zagreb office building to Hungary's OTP Group

by Property Forum
S Immo has signed a contract to sell Zagrebtower to the OTP Group. The office building comprises a total net area of almost 26,000 sqm and has a BREEAM International In-Use Excellent certificate. The transaction is expected to close in the third quarter of 2024, subject to the necessary regulatory approvals.
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Latest news


New leases

  • Borg Automotive Group will move into new premises at HI Piotrkowska office building in Łódź in February 2025. It will occupy approximately 300 sqm. Brookfield Partners supported the tenant in the negotiation process.
  • TK Maxx shop will be opened at Ferio Konin (central Poland). The brand will occupy 2,000 sqm of space in the extended part of the shopping centre.
  • In November, RTV Euro AGD will open four new shops in four Polish cities: Wrocław, Mikołów, Bydgoszcz and Szczecin. Shops will be opened in Galeria Dominikańska in Wrocław (sales floor area of 950 sqm), Park Handlowy in Mikołów (570 sqm), CH Focus in Bydgoszcz (555 sqm) and Vendo Park in Szczecin (480 sqm).

New appointments

  • From November 1st 2024, Izabela Potrykus is to take on the role of head of the leasing team at CPI Property Group (CPIPG) and take on responsibility for 20 office buildings with a combined area of 516,000 sqm.
  • Knight Frank continues to strengthen its European management team with the appointment of Charles Taylor as CEO of Knight Frank Poland. He is a former Managing Director of Cushman & Wakefield Poland.
  • Immo lab, a consultancy specialising in strategic investment advice in the real estate sector, announces that Bartłomiej Ciemała is joining its team to take up the position of director of investment development.

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