CPI Europe AG Completes Sale of Italian Retail Parks

CPI Europe AG has announced the completion of the sale of two retail parks in Italy: STOP SHOP San Fior and STOP SHOP Terminal Nord Udine. This transaction marks the company's full exit from the Italian retail park market, executed under favorable market conditions.

STOP SHOP San Fior, established in 2017 and 2019, features tenants such as C&A and Decathlon. STOP SHOP Terminal Nord Udine, acquired in 2022, includes operations anchored by Carrefour. Together, they offer a gross lettable area of nearly 60,000 sqm.

The proceeds from the sale will primarily be used to reduce debt and invest in core markets, including the expansion of the STOP SHOP brand in Central and Eastern Europe. This move aligns with CPI Europe's strategy to lower leverage and focus on higher-growth investments.