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CPI PROPERTY GROUP
ISIN: LU0251710041
WKN: A0JL4D
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CPI PROPERTY GROUP · ISIN: LU0251710041 · EQS - Company News (175 News)
Country: Luxembourg · Primary market: Luxembourg · EQS NID: 1891153
28 April 2024 10:54PM

CPI PROPERTY GROUP – Poland Equity Investment


EQS-News: CPI PROPERTY GROUP / Key word(s): Real Estate
CPI PROPERTY GROUP – Poland Equity Investment

28.04.2024 / 22:54 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, 28 April 2024

CPI PROPERTY GROUP – Poland Equity Investment

CPI PROPERTY GROUP (“CPIPG” or the “Group”) has signed a commitment agreement (the “commitment agreement”) with Sona Asset Management (UK) LLP (“Sona”) regarding a proposed equity investment of €250 million in Poland.

The equity investment would consist of a significant minority stake in a CPIPG subsidiary holding a portfolio of eleven office properties in Warsaw and two retail assets located in Elblag and Lublin. The gross asset value of the portfolio is over €1 billion.

In connection with the commitment agreement, CPIPG and Sona jointly acknowledge that transaction terms,  definitive transaction documentation and due diligence are in an advanced state, and that both parties intend to conclude the transaction with a target closing by the end of H1 2024. CPIPG will use the proceeds to repay debt and reduce leverage.

“Sona will be an excellent partner for CPIPG as we focus on capital structure priorities for 2024 and beyond.” said David Greenbaum, CEO. “By investing alongside CPIPG in Poland, Sona will benefit directly from one of CEE’s strongest economies and most vibrant real estate markets.”

For further information, please contact:

Investor Relations

Moritz Mayer

m.mayer@cpipg.com

For more on CPI Property Group, visit our website: www.cpipg.com
Follow us on X (CPIPG_SA) and LinkedIn



28.04.2024 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: 1891153

 
End of News EQS News Service

1891153  28.04.2024 CET/CEST

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This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
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+49 (0) 89 444 430-000

 

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