PRESS RELEASE

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 NewsEQS News Service

1614287  21.04.2023 CET/CEST

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