Name of the deal
Acquisition of Immofinanz shares by CPIPG
The date of closing the deal
May 30, 2022
Value of the transaction (in EUR)
non shared data
Seller, plus brief information about the company
The core business of IMMOFINANZ is the management and development of retail and office properties in selected countries in Western and Eastern Europe. In the office sector, it concentrates on the capital cities and major office locations in Germany, with the international myhive brand. The office portfolio is responsible for approx. 63% of the total portfolio value. Activities in the retail sector are based on the STOP SHOP brand for retail parks and VIVO! for shopping centers, which are designed, above all, for secondary and tertiary cities. The retail portfolio is responsible for roughly 36% of the total portfolio value. In addition to the management of these properties, IMMOFINANZ focuses on growth through own development projects and acquisitions. The property portfolio had a carrying amount of €5.0 billion and covered roughly 210 properties as of September 30, 2021. Core markets: Austria, Germany, Poland, Czech Republic, Slovakia, Hungary, Romania and the Adriatic region.
Consultancy which advised Seller
no data
Purchaser, plus brief information about the company
CPI Property Group is a family-owned company founded in the Czech Republic more than 30 years ago. We are experts in owning and managing income-generating real estate. CPIPG owns a property portfolio valued at over €18 billion, focused on the Czech Republic, Berlin, Poland and the CEE region. With more than 570 commercial properties, over 4,000 international and local tenants, and exposure to multiple geographies and property segments, CPIPG's portfolio is large and well-diversified. We are proud of our active asset management and local teams, and in every country where we operate, our teams have daily contact and close relationships with tenants. Our property portfolio is supported by a conservative, investment-grade capital structure, with superb access to the international bond and bank markets. CPI Property Group is registered in Luxembourg and listed on the Frankfurt stock exchange.
Consultancy which advised Purchaser
no data
Financing institution
Financed from own funds
Current occupancy level
Office: 90.9% Retail: 98%
Please say why this deal should be considered for the award
CPIPG's acquisition of IMMOFINANZ is an unprecedented event in the commercial real estate market – both in terms of scale and growth vision. With the acquisition, CPIPG has gone from being a regional leader to owning one of Europe's largest platforms, with a portfolio value of €18 billion. The platform assumes full synergy of activities in the development and operation of both portfolios. It draws on the best strategic and operational experience of the combined teams. The new enlarged portfolio guarantees the best possible geographic diversification of both office, retail and other facilities (hotels, residential, specialty facilities). In terms of product, CPIPG offers a full range of high-quality solutions in the best locations of Central and Eastern European cities, meeting all the needs of tenants and customers.