CPI Property Group

DGAP-News: CPI PROPERTY GROUP - New Hybrid Issue and Tender Offer Results

Wednesday, September 16, 2020 - 8:01pm

CPI PROPERTY GROUP ("CPIPG" or the "Group"), the leading owner of income-generating real estate in the Czech Republic, Berlin, Warsaw and the CEE region, is pleased to report ongoing successful steps to strengthen CPIPG's capital structure.

Key Points: 
  • CPI PROPERTY GROUP ("CPIPG" or the "Group"), the leading owner of income-generating real estate in the Czech Republic, Berlin, Warsaw and the CEE region, is pleased to report ongoing successful steps to strengthen CPIPG's capital structure.
  • On 17 September 2020, CPIPG will issue 25 million of additional New Hybrids, bringing the total notional amount to 525 million.
  • Today, the Group announced that 328 million of the 2023 Hybrids and 12 million of 2022 Notes were accepted in the tender offer.
  • For more on CPI PROPERTY GROUP, visit our website: www.cpipg.com
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DGAP-News: CPI PROPERTY GROUP - Additional Short-Term Debt Repayment

Friday, September 4, 2020 - 7:01pm

CPI PROPERTY GROUP ("CPIPG" or the "Group"), the leading owner of income generating real estate in the Czech Republic, Berlin and the CEE region, announces the repayment of EUR 39.5 million of schuldschein maturing in 2023.

Key Points: 
  • CPI PROPERTY GROUP ("CPIPG" or the "Group"), the leading owner of income generating real estate in the Czech Republic, Berlin and the CEE region, announces the repayment of EUR 39.5 million of schuldschein maturing in 2023.
  • The schuldschein were purchased in the secondary market.
  • Year-to-date, CPIPG has repaid nearly EUR 900 million of debt maturing in 2022, 2023, 2024 and 2025 and will continue to explore opportunities to optimize the Group's capital structure.
  • For more on CPI PROPERTY GROUP, visit our website: www.cpipg.com
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DGAP-News: CPI PROPERTY GROUP publishes half-year financial results for 2020

Monday, August 31, 2020 - 8:01pm

CPI PROPERTY GROUP (hereinafter "CPIPG" the "Company" or together with its subsidiaries the "Group"), the largest owner of income-generating real estate in the Czech Republic, Berlin and the CEE region, hereby publishes its unaudited financial results for the first half of the 2020 financial year.

Key Points: 
  • CPI PROPERTY GROUP (hereinafter "CPIPG" the "Company" or together with its subsidiaries the "Group"), the largest owner of income-generating real estate in the Czech Republic, Berlin and the CEE region, hereby publishes its unaudited financial results for the first half of the 2020 financial year.
  • "Our property portfolio, rental income and occupancy grew as our team responded effectively to the challenges of COVID-19."
  • - During the first half of 2020, the Group issued 1.19 billion equivalent of senior unsecured bonds in Euros, Sterling and Hong Kong Dollars.
  • CPIPG will host a webcast in relation to its financial results for the first half of 2020.

DGAP-News: CPI PROPERTY GROUP - Green Bond Offering in Hungary

Monday, August 3, 2020 - 10:00am

CPI PROPERTY GROUP (hereinafter "CPIPG", or together with its subsidiaries the "Group") announces the Group's intention to issue green bonds in Hungary.

Key Points: 
  • CPI PROPERTY GROUP (hereinafter "CPIPG", or together with its subsidiaries the "Group") announces the Group's intention to issue green bonds in Hungary.
  • The issuer would be the Group's subsidiary, CPI Hungary Investments Kft., with an unconditional guarantee from CPIPG.
  • Such proceeds will be allocated in line with the Guarantor's Green Bond Framework available at: https://www.cpipg.com/reports-presentations-en#tab-item-3 .
  • "CPI Hungary has a clear track record of local leadership across ESG and CSR initiatives," said Mtys Gereben, country manager for CPIPG in Hungary.

DGAP-News: CPI PROPERTY GROUP - Increase of Bank Financing in Berlin

Monday, July 20, 2020 - 5:03pm

CPI PROPERTY GROUP (hereinafter "CPIPG", or together with its subsidiaries the "Group"), is pleased to announce the completion of a bank financing by the Group's subsidiary, Gewerbesiedlungs-Gesellschaft mbH ("GSG").

Key Points: 
  • CPI PROPERTY GROUP (hereinafter "CPIPG", or together with its subsidiaries the "Group"), is pleased to announce the completion of a bank financing by the Group's subsidiary, Gewerbesiedlungs-Gesellschaft mbH ("GSG").
  • The new bank financing will be provided by Berlin Hyp and will increase the original loan from Berlin Hyp in 2017 by 259 million to a total of 750 million.
  • "This financing reflects the quality of GSG's assets and deepens our relationship with Berlin Hyp," said Oliver Schlink, CFO of GSG.
  • For more on CPI PROPERTY GROUP, visit our website: www.cpipg.com
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DGAP-News: CPI PROPERTY GROUP - Strong Rental Collections during COVID-19

Friday, July 3, 2020 - 5:02pm

CPI PROPERTY GROUP (hereinafter "CPIPG" the "Company" or together with its subsidiaries the "Group"), has prepared an update for stakeholders regarding rent collections and other key initiatives.

Key Points: 
  • CPI PROPERTY GROUP (hereinafter "CPIPG" the "Company" or together with its subsidiaries the "Group"), has prepared an update for stakeholders regarding rent collections and other key initiatives.
  • "High-quality properties, strong tenant relationships and deep local knowledge have been key advantages for CPIPG during the COVID-19 outbreak."
  • The Group collected about 80% of gross rent due from office, retail, residential and other properties in May.
  • Office collections also include retail segments of offices such as cafes and canteens which have been generally closed during the pandemic.

DGAP-News: CPI PROPERTY GROUP - New York Litigation Update

Tuesday, June 9, 2020 - 6:03pm

CPI PROPERTY GROUP ("CPIPG" or the "Group") has prepared an update for our stakeholders regarding legal proceedings involving Kingstown Capital Management L.P. and Investhold LTD (together "Kingstown").

Key Points: 
  • CPI PROPERTY GROUP ("CPIPG" or the "Group") has prepared an update for our stakeholders regarding legal proceedings involving Kingstown Capital Management L.P. and Investhold LTD (together "Kingstown").
  • On 3 June 2020, Kingstown filed yet another complaint against CPIPG and Mr. Radovan Vitek in New York.
  • CPIPG and Mr. Vitek will continue to mount a vigorous defense against Kingstown and will routinely update our stakeholders on any material developments.
  • For more on CPI PROPERTY GROUP, visit our website: www.cpipg.com
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DGAP-News: CPI PROPERTY GROUP - Financial results for the first quarter of 2020

Friday, May 29, 2020 - 7:07pm

CPI PROPERTY GROUP (hereinafter "CPIPG" the "Company" or together with its subsidiaries the "Group"), hereby publishes unaudited financial results for the first quarter of 2020.

Key Points: 
  • CPI PROPERTY GROUP (hereinafter "CPIPG" the "Company" or together with its subsidiaries the "Group"), hereby publishes unaudited financial results for the first quarter of 2020.
  • "CPIPG's diversified, high-quality property portfolio and active local asset management were a winning formula during the first quarter of 2020," said Martin Nmeek, CEO of CPIPG.
  • "We expanded our role as the leading owner of offices in Central and Eastern Europe and reached new levels of rental income and profitability."
  • The Group has not granted discounts or made meaningful use of rental deposits or bank guarantees.

DGAP-News: CPI PROPERTY GROUP - Purchases of EUR and CHF Bonds

Wednesday, May 20, 2020 - 6:04pm

CPI Property Group ("CPIPG"), the leading owner of real estate in the Czech Republic, Berlin and the CEE region, announces the repurchase of EUR 40 million of 1.45 per cent.

Key Points: 
  • CPI Property Group ("CPIPG"), the leading owner of real estate in the Czech Republic, Berlin and the CEE region, announces the repurchase of EUR 40 million of 1.45 per cent.
  • Senior Notes due 14 April 2022 and CHF 14.3 million of 1.630 per cent.
  • The bonds were acquired from banks on the secondary market and will be cancelled.
  • "We believe in maintaining a capital structure which matches the durability and long-term nature of CPIPG's business."

DGAP-News: CPI PROPERTY GROUP - Longer Debt Maturities and Lower Leverage

Monday, May 18, 2020 - 10:08am

CPI Property Group ("CPIPG" or the "Group"), the leading owner of real estate in the Czech Republic, Berlin and the CEE region, is pleased to update our stakeholders regarding the Group's market-leading efforts to flatten debt maturities, reduce gross leverage and fortify our robust operating position.

Key Points: 
  • CPI Property Group ("CPIPG" or the "Group"), the leading owner of real estate in the Czech Republic, Berlin and the CEE region, is pleased to update our stakeholders regarding the Group's market-leading efforts to flatten debt maturities, reduce gross leverage and fortify our robust operating position.
  • On 12 May 2020, CPIPG closed the successful issuance of 750 million 6-year senior unsecured green bonds.
  • As a result of the tender offers, CPIPG has no individual senior unsecured bond maturity exceeding 387 million until 2026.
  • For more on CPI PROPERTY GROUP, visit our website: www.cpipg.com
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