EQS-News 105 0 Kommentare CPI PROPERTY GROUP – Poland Equity Investment

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CPI Property Group signs €250 million equity investment agreement in Poland with Sona Asset Management.
Investment includes minority stake in office and retail properties in Warsaw, Elblag, and Lublin.
Transaction expected to close by end of H1 2024, proceeds to be used for debt repayment.

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.

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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:	1891153