CPI Property Group Completes Successful Hybrid Tender and New Issue

CPI Property Group (CPIPG), a leading European real estate company, announced the successful conclusion of a significant capital markets transaction. On June 24, CPIPG issued €550 million in undated Type A subordinated notes, which are considered equity under IFRS standards, drawing strong interest from both existing and new investors.

The funds from this issuance facilitated a tender offer for the company's €525 million legacy hybrid notes, originally released in 2020. On June 26, CPIPG accepted €482 million of the notes that were validly tendered, optimizing its capital structure. This marks CPIPG's third successful hybrid issuance since June 2025.

David Greenbaum, CPIPG's CEO, expressed satisfaction with the market's response, noting the enhanced financial position and access to capital markets. The group plans no further hybrid securities issuance in 2026, with a significant legacy hybrid callable in 2028.