from GSG GROUP S.A. (isin : LU0251710041)
CPI PROPERTY GROUP – New Bank Financings
EQS-News: CPI PROPERTY GROUP / Key word(s): Financing
CPI PROPERTY GROUP – New Bank Financings
26.06.2023 / 10:35 CET/CEST
The issuer is solely responsible for the content of this announcement.
CPI Property Group
(société anonyme)
40, rue de la Vallée
L-2661 Luxembourg
R.C.S. Luxembourg: B 102 254
Press Release - Corporate News
Luxembourg, 26 June 2023
CPI PROPERTY GROUP – New Bank Financings
CPI PROPERTY GROUP (hereinafter “CPIPG”, or together with its subsidiaries the “Group”), a leading owner of income-generating European real estate, is pleased to announce the signing of nearly €500 million of new secured bank loans.
In Poland, our subsidiary CPI FIM SA signed a €288 million loan encompassing three office properties in Warsaw: Warsaw Financial Center, Eurocentrum, and Equator IV. The loan has a 5-year term and was provided by Aareal Bank.
In the Czech Republic, a subsidiary of CPI FIM SA signed a €58 million 4-year facility with Raiffeisen related to Czech residential assets. The Group also completed an €85 million 7-year facility with CSOB related to retail and logistics assets, plus a €5 million facility (also with CSOB) for a solar energy generation project.
In Slovakia, our subsidiary IMMOFINANZ AG completed a new €58 million 3.5-year loan related to retail park assets. The loan was provided by Raiffeisen.
“CPIPG appreciates the lending appetite shown by banks across our geographies and market segments,“ said Martin Nemecek, CEO. “We will use the proceeds to repay other debt obligations of the Group, in support of our strong liquidity profile.“
For further information, please contact:
Investor Relations
David Greenbaum Moritz Mayer
Chief Financial Officer Manager, Capital Markets
d.greenbaum@cpipg.com m.mayer@cpipg.com
For more on CPI Property Group, visit our website: www.cpipg.com
Follow us on Twitter (CPIPG_SA) and LinkedIn
26.06.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: | English |
Company: | CPI PROPERTY GROUP |
40, rue de la Vallée | |
L-2661 Luxembourg | |
Luxemburg | |
Phone: | +352 264 767 1 |
Fax: | +352 264 767 67 |
E-mail: | contact@cpipg.com |
Internet: | www.cpipg.com |
ISIN: | LU0251710041 |
WKN: | A0JL4D |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart |
EQS News ID: | 1665327 |
End of News | EQS News Service |
1665327 26.06.2023 CET/CEST