02.01.2018 - 08:31:29

CPI PROPERTY GROUP - acquisition of four commercial assets in Germany

CPI PROPERTY GROUP (société anonyme) 40, rue de la Vallée L-2661 Luxembourg R.C.S. Luxembourg: B 102 254 PRESS RELEASE Luxembourg, 2 January 2018  

CPI PROPERTY GROUP - acquisition of four commercial assets in Germany

CPI PROPERTY GROUP (the "Company") announces completion of the acquisition of four commercial properties in Germany, comprising approximately 107,600 sqm.

On 31 December 2017, the Company acquired via its Berlin based subsidiary GSG Berlin a 94.9% stake in a German company, which holds four high quality commercial assets. Two assets are situated in Berlin with a total GLA of approximately 76,100 sqm and two assets are located close to Karlsruhe (Baden-Württemberg) with a total GLA of approximately 31,500 sqm.

This transaction strengthens the position of GSG Berlin as one of Berlin's largest commercial real estate owners with a portfolio close to 1 million sqm.

Martin Nemecek, CEO of CPI PROPERTY GROUP stated: "We see this transaction as a major acquisition into a very attractive market at the right time. Germany is one of our core markets and we have been actively looking for good investment opportunities. We will utilize our successful management platform in Berlin to actively asset manage the newly acquired properties to increase their occupancy and rental income."

GSG Berlin will pro-actively manage and integrate the acquired assets in its existing portfolio and management structure and intends to develop the newly acquired portfolio through active asset management initiatives to core-plus assets over the next years.

Pöllath + Partners acted as legal and tax advisors, Arcadis performed the technical due dilligence for the Company and GSG Berlin.

For further information please contact:

Kirchhoff Consult AG Andreas Friedemann Borselstraße 20 20765 Hamburg T +49 40 60 91 86 50 F +49 40 60 91 86 60 E andreas.friedemann@kirchhoff.de

02.01.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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   End of News DGAP News Service

642357  02.01.2018 

@ dgap.de

Amazon wird sich schwarzärgern, aber …

… wir schenken Ihnen den Report „Börsenpsychologie - Markttechnik für Trader“ heute trotzdem kostenfrei. Normalerweise kostet der Report im Onlinehandel 39,99 Euro.

Sie können sich den genialen Report heute jedoch absolut kostenfrei sichern. Wir senden Ihnen den Report vollkommen KOSTENFREI zu.

Jetzt HIER klicken und dank richtigen Timing reich an der Börse werden!