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CPI PROPERTY GROUP – Sale of an office portfolio in Budapest to S IMMO AG

EQS-News: CPI PROPERTY GROUP / Key word(s): Real Estate
CPI PROPERTY GROUP – Sale of an office portfolio in Budapest to S IMMO AG
08.11.2022 / 17:27 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, 8 November 2022

 

CPI PROPERTY GROUP – Sale of an office portfolio in Budapest to S IMMO AG

CPI PROPERTY GROUP (“CPIPG” or the “Group”) and S IMMO AG today entered into an agreement concerning the sale of an office portfolio in Budapest.

The sale comprises eight properties (Gateway Office Park, Arena Corner, Andrássy Palace and the five-part BC99 Office Park) totalling around 109,000 sqm of lettable space with an annual rental income of approximately €16 million, plus one plot of land. The transaction volume amounts to €238.3 million.

The transaction qualifies as a related party transaction and thus is not included in the Group’s €2 billion external disposal pipeline. CPIPG holds 79.20% shares in S IMMO AG.

 

For further information, please contact:

Investor Relations

David Greenbaum
Chief Financial Officer
d.greenbaum@cpipg.com


Moritz Mayer
Manager, Capital Markets
m.mayer@cpipg.com

For more on CPI Property Group, visit our website: www.cpipg.com

 


08.11.2022 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.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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:

1482325


 

End of News

EQS News Service

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