EQS-News: CPI PROPERTY GROUP / Key word(s): Financing
CPI PROPERTY GROUP – New Bank Financings 

26.06.2023 / 10:35 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, 26 June 2023


CPI PROPERTY GROUP – New Bank Financings 


CPI PROPERTY GROUP (hereinafter “CPIPG”, or together with its subsidiaries the “Group”), a leading owner of income-generating European real estate, is pleased to announce the signing of nearly €500 million of new secured bank loans.


In Poland, our subsidiary CPI FIM SA signed a €288 million loan encompassing three office properties in Warsaw: Warsaw Financial Center, Eurocentrum, and Equator IV. The loan has a 5-year term and was provided by Aareal Bank.
 

In the Czech Republic, a subsidiary of CPI FIM SA signed a €58 million 4-year facility with Raiffeisen related to Czech residential assets. The Group also completed an €85 million 7-year facility with CSOB related to retail and logistics assets, plus a €5 million facility (also with CSOB) for a solar energy generation project.
 

In Slovakia, our subsidiary IMMOFINANZ AG completed a new €58 million 3.5-year loan related to retail park assets. The loan was provided by Raiffeisen.


“CPIPG appreciates the lending appetite shown by banks across our geographies and market segments,“ said Martin Nemecek, CEO. “We will use the proceeds to repay other debt obligations of the Group, in support of our strong liquidity profile.“


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

 



26.06.2023 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: 1665327

 
End of News EQS News Service

1665327  26.06.2023 CET/CEST

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