CPI Europe agrees to sell property portfolio in Bratislava to WOOD & Company
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EQS-News: IMMOFINANZ AG
/ Key word(s): Real Estate/Disposal
Press Release – Corporate News Vienna, 17 February 2025
CPI Europe agrees to sell property portfolio in Bratislava to WOOD & Company
CPI Europe Group is selling an office and retail complex in the Slovak capital to WOOD & Company, thus taking another step in its strategic portfolio optimisation. The transaction will create a new investment opportunity for WOOD & Company's clients, combining stable yields with future development potential.
The property portfolio comprises two myhive office buildings, a VIVO! shopping center and a 3,200 sqm plot of land with potential for residential development. Centrally located in Bratislava - Nové Mesto, the mixed-use complex offers approximately 70,000 sqm of usable space. The location is characterised by excellent infrastructure, an outstanding view and an integrated office and retail offering. Tenants of the two modern myhive office towers can enjoy the comfort and facilities of the VIVO! shopping center with 160 different retail and service businesses.
The sale to WOOD & Company will be carried in two tranches out as part of a share deal by the end of 2026, whereby tranche 1 provides for the establishment of a joint venture of CPI Europe Group and WOOD & Company, and tranche 2 for the complete sale of the portfolio. This structure allows for a smooth transition and implementation of WOOD & Company's ambitious plans for the complex. Closing of tranche 1 is anticipated in the first half of this year, subject to customary closing conditions, including regulatory approvals. The transaction will be made roughly at the portfolio’s carrying amount. The acquisition represents another milestone in WOOD & Company's strategy of creating unique investment opportunities in prime locations across Central Europe.
On CPI Europe CPI Europe Group is a commercial real estate group whose activities are focused on the office and retail segments of eight core markets in Europe: Austria, Germany, Poland, Czech Republic, Slovakia, Hungary, Romania and the Adriatic region. The core business covers the management and development of properties, whereby CPI Europe Group relies on its established real estate brands – STOP SHOP (retail), VIVO! (retail) and myhive (office) – and also on complementary products and portfolios. CPI Europe Group holds roughly 470 properties with a combined value of approximately EUR 8.0 billion. The company is listed on the stock exchanges in Vienna (leading ATX index) and Warsaw. Further information under: https://cpi-europe.com
On WOOD & Company WOOD & Company is a leading financial group in the Central European market. Since 1991, it has been providing investment banking services, asset management and trading on world stock exchanges. The company manages investments exceeding EUR 7 billion. WOOD Real Estate actively manages commercial properties in Prague, Bratislava and Warsaw. The portfolio currently includes 16 projects with more than 434,000 sqm of leasable area. The investment group's most significant real estate assets include the Aupark shopping center and Aupark Tower office building in Bratislava, Galerie Harfa in Prague and the Astrum Business Park office building in Warsaw. WOOD Real Estate participates in the development of commercial, residential and logistics projects, and currently partners in successful residential developments such as Millhaus, Lakeside Residence and Slnečnice nad Mestom in Bratislava and Nová Merina in Trenčín. The upcoming residential projects will create more than 3,500 housing units.
For further information, please contact: CPI Europe Investor Relations and Corporate Communications Simone Korbelius T +43 (0)1 88 090 2291 M +43 (0)699 1685 7291 communications@cpi-europe.com Investor.Relations@cpi-europe.com
WOOD & Company Marketing Manager Zuzana Kopanicová Tel.: +421 914 320 081 e-mail: zuzana.kopanicova@wood.com
17.02.2025 CET/CEST This Corporate News was distributed by EQS Group. www.eqs.com |
| Language: | English |
| Company: | IMMOFINANZ AG |
| Wienerbergstraße 9 | |
| 1100 Vienna | |
| Austria | |
| Phone: | +43 (0) 1 88090 - 2291 |
| Fax: | +43 1 88090 - 8291 |
| E-mail: | investor@immofinanz.com |
| Internet: | http://www.immofinanz.com |
| ISIN: | AT0000A21KS2 |
| WKN: | A2JN9W |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Munich, Stuttgart, Tradegate Exchange; Warschau, Vienna Stock Exchange (Official Market) |
| EQS News ID: | 2086857 |
| End of News | EQS News Service |
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2086857 17.02.2025 CET/CEST
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