EQS-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal
CPI Europe agrees to sell property portfolio in Bratislava to WOOD &
Company
17.02.2025 / 09:59 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Press Release – Corporate News
Vienna, 17 February 2025
CPI Europe agrees to sell property portfolio in Bratislava to WOOD &
Company
CPI Europe Group is selling an office and retail complex in the Slovak
capital to WOOD & Company, thus taking another step in its strategic
portfolio optimisation. The transaction will create a new investment
opportunity for WOOD & Company's clients, combining stable yields with
future development potential.
The property portfolio comprises two myhive office buildings, a VIVO!
shopping center and a 3,200 sqm plot of land with potential for
residential development. Centrally located in Bratislava - Nové Mesto, the
mixed-use complex offers approximately 70,000 sqm of usable space. The
location is characterised by excellent infrastructure, an outstanding view
and an integrated office and retail offering. Tenants of the two modern
myhive office towers can enjoy the comfort and facilities of the VIVO!
shopping center with 160 different retail and service businesses.
The sale to WOOD & Company will be carried in two tranches out as part of
a share deal by the end of 2026, whereby tranche 1 provides for the
establishment of a joint venture of CPI Europe Group and WOOD & Company,
and tranche 2 for the complete sale of the portfolio. This structure
allows for a smooth transition and implementation of WOOD & Company's
ambitious plans for the complex. Closing of tranche 1 is anticipated in
the first half of this year, subject to customary closing conditions,
including regulatory approvals. The transaction will be made roughly at
the portfolio’s carrying amount. The acquisition represents another
milestone in WOOD & Company's strategy of creating unique investment
opportunities in prime locations across Central Europe.
On CPI Europe
CPI Europe Group is a commercial real estate group whose activities are
focused on the office and retail segments of eight core markets in Europe:
Austria, Germany, Poland, Czech Republic, Slovakia, Hungary, Romania and
the Adriatic region. The core business covers the management and
development of properties, whereby CPI Europe Group relies on its
established real estate brands – STOP SHOP (retail), VIVO! (retail) and
myhive (office) – and also on complementary products and portfolios. CPI
Europe Group holds roughly 470 properties with a combined value of
approximately EUR 8.0 billion. The company is listed on the stock
exchanges in Vienna (leading ATX index) and Warsaw. Further information
under: https://cpi-europe.com
On WOOD & Company
WOOD & Company is a leading financial group in the Central European
market. Since 1991, it has been providing investment banking services,
asset management and trading on world stock exchanges. The company manages
investments exceeding EUR 7 billion.
WOOD Real Estate actively manages commercial properties in Prague,
Bratislava and Warsaw. The portfolio currently includes 16 projects with
more than 434,000 sqm of leasable area. The investment group's most
significant real estate assets include the Aupark shopping center and
Aupark Tower office building in Bratislava, Galerie Harfa in Prague and
the Astrum Business Park office building in Warsaw. WOOD Real Estate
participates in the development of commercial, residential and logistics
projects, and currently partners in successful residential developments
such as Millhaus, Lakeside Residence and Slnečnice nad Mestom in
Bratislava and Nová Merina in Trenčín. The upcoming residential projects
will create more than 3,500 housing units.
For further information, please contact:
CPI Europe
Investor Relations and Corporate Communications
Simone Korbelius
T +43 (0)1 88 090 2291
M +43 (0)699 1685 7291
communications@cpi-europe.com
Investor.Relations@cpi-europe.com
WOOD & Company
Marketing Manager
Zuzana Kopanicová
Tel.: +421 914 320 081
e-mail: (1)zuzana.kopanicova@wood.com
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17.02.2025 CET/CEST This Corporate News was distributed by EQS Group.
www.eqs.com
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 9
1100 Vienna
Austria
Phone: +43 (0) 1 88090 - 2291
Fax: +43 1 88090 - 8291
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000A21KS2
WKN: A2JN9W
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Munich,
Stuttgart, Tradegate Exchange; Warschau, Vienna Stock
Exchange (Official Market)
EQS News ID: 2086857
End of News EQS News Service
2086857 17.02.2025 CET/CEST
References
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1. mailto:zuzana.kopanicova@wood.com
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