Following the majority takeover of IMMOFINANZ by CPI PROPERTY GROUP (CPIPG), resulting in the shareholding of app. 77%, IMMOFINANZ announced an update strategy, including close cooperation with CPIPG and the related synergy effects. CPIPG and IMMOFINANZ now agreed that CPIPG will provide asset management services to local IMMOFINANZ companies.
“This step creates new opportunities for our tenants, employees and other stakeholders. Our local asset teams will become more effective and will combine their experience and knowledge to benefit all stakeholders,” says Tomáš Salajka, Director of Acquisitions at CPIPG, adding: “This will improve efficiency and enhance our ability to offer top-quality services.”
CPI PROPERTY GROUP is one of the largest owners of income-generating real estate in Europe. With a total property portfolio exceeding €18 billion as of 31 March 2022, CPIPG owns the leading office platforms in key Central European capital cities of Berlin, Prague and Warsaw. CPIPG also owns retail properties in the Czech Republic and Central Europe, along with hotels, residential units and land.