CPI PROPERTY GROUP
CEFC and CPI entered into Heads of Terms Concerning Na Prikope (former Zivnobanka) Building in the Centre of Prague
DGAP-News: CPI PROPERTY GROUP / Key word(s): Agreement/Real Estate CEFC and CPI entered into Heads of Terms Concerning Na Prikope (former Zivnobanka) Building in the Centre of Prague. Luxembourg, 2 September 2015. CEFC China Energy Company Limited (“CEFC”) and CPI Property Group (“CPIPG”) agreed in principle that CEFC will purchase from CPIPG the former Zivnobanka building located at Na Prikope street in the very downtown of Prague and both CEFC and CPIPG will co-operate on the unique Glass Experience Museum currently being developed by CPIPG and its partners. The transaction is subject to final agreement. For CEFC, the acquisition of a landmark building is yet another step in its major expansion plan in Europe. CEFC has selected the Czech Republic as a key country for its European operations. The former Zivnobanka building has been chosen to best serve the purpose of the firm’s European headquarters. “We truly value the unique architecture, excellent location as well as the spirit of the building which served as a seat of a bank for a long time. CEFC is a financial institution and as such it wishes to follow up with the legacy of the building,” commented Chan Chauto, the President of CEFC. CPIPG acquired the building in 2011 from UniCredit Bank. It has planned a unique redevelopment of the building into prime offices, retail space as well as an exceptional museum of glass called ZIBA Glass Experience Museum. The Glass Experience Museum shall present exhibitions of the Czech and international modern glass and until now it has gained support of the art community as well as city officials. CEFC and CPIPG agreed to continue with the development of the Glass Experience Museum and to co-operate with artists and companies that have taken part in the project. “We are proud that CEFC selected the offices at the Zivnobanka building for its corporate seat in Europe. We wished to find a prime company which would be able to adequately use the premises. No less important is the fact that CEFC will join us as a partner for the Glass Experience Museum and there is potential for further business co-operation between our firms in the future,” added Zdeněk Havelka, the Executive Director of CPIPG. About Zivnobanka building About CEFC About CPIPG Kirchhoff Consult AG Sebastian Bucher Herrengraben 1 D-20459 Hamburg T +49 40 60 91 86 18 F +49 40 60 91 86 60 sebastian.bucher@kirchhoff.de 2015-09-02 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. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | CPI PROPERTY GROUP | |
40, rue de la Vallée | ||
L-2661 Luxembourg | ||
Grand Duchy of Luxembourg | ||
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 |
391813 2015-09-02 |