from GSG GROUP S.A. (isin : LU0251710041)
CPI PROPERTY GROUP – Sale of Czech Properties to S IMMO
EQS-News: CPI PROPERTY GROUP / Key word(s): Miscellaneous
CPI PROPERTY GROUP – Sale of Czech Properties to S IMMO
21.04.2023 / 16:14 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, 21 April 2023
CPI PROPERTY GROUP – Sale of Czech Properties to S IMMO
CPI PROPERTY GROUP (“CPIPG” or the “Group”) and S IMMO AG (“S IMMO”) today signed and completed an agreement regarding the sale and purchase of a property portfolio in the Czech Republic.
Under the agreement, CPIPG will sell S IMMO the Mayhouse and Luxembourg Plaza office buildings in Prague and the ZET.office in Brno, along with the hotel Courtyard by Marriott Prague City. The four assets have a total asset value of EUR 167.7 million and generate income of close to EUR 8.4 million.
The transaction qualifies as a related party transaction and is not counted as part of the Group’s EUR 2 billion external disposal pipeline. CPIPG owns 88.4% of S IMMO shares.
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
21.04.2023 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: | 1614287 |
End of News | EQS News Service |
1614287 21.04.2023 CET/CEST