on CPI Europe AG (ETR:IMO1)
CPI Europe AG Signs LOI for Czech Residential Portfolio Acquisition
CPI Europe AG has signed a non-binding letter of intent (LOI) to acquire a substantial residential property portfolio in the Czech Republic. This move aligns with the new strategy announced earlier this month. The portfolio, known as CPI BYTY, includes nearly 12,000 apartments mainly located in Ústí nad Labem, Liberec, Ostrava, and Prague. It was valued at €891.6 million as of June 30, 2025, and generated €38 million in gross rental income in 2024.
The transaction awaits due diligence and other customary closing conditions. Closing is anticipated in the coming weeks. This acquisition could significantly increase CPI Europe AG's footprint in the Czech real estate market.
R. E.
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