on IMMOFINANZ AG (isin : AT0000809058)
CPI Europe Completes Property Sales in Vienna and Prague
CPI Europe AG announced the successful sale of properties in Vienna and Prague as part of its strategic portfolio optimization. The transactions included the sale of two office properties in Vienna and the Ramada hotel along with the myhive Pankrac House office complex in Prague. The combined transaction value reached approximately EUR 115 million, aligning closely with the recent property valuations. Net proceeds amounted to EUR 48 million.
These sales are part of CPI Europe's ongoing strategy to divest non-core assets. The company plans to continue targeted sales in the future, indicating a focused approach to portfolio management.
R. E.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all IMMOFINANZ AG news