CPI PROPERTY GROUP
CPI PROPERTY GROUP: CPI Sold Na Prikope (former Zivnobanka) Building to CEFC
DGAP-News: CPI PROPERTY GROUP / Key word(s): Disposal 2015-11-05 / 18:19 --------------------------------------------------------------------- Further to its press release of 2 September 2015 CPI PROPERTY GROUP ("CPI PG") announces a disposal of the former Zivnobanka building located at Na Prikope street in the centre of Prague to CEFC China Energy Company Limited ("CEFC"). The transaction was completed on 4 November 2015 and comprises of the transfer of shares in the Zivnobanka building project entity. Following the repayment of the project credit facility to the financing bank the net proceeds for the CPI PG group amount to EUR 27 million. CEFC has selected the former Zivnobanka building for the purpose of the firm's European headquarters. For further details please refer to the press release of 2 September 2015. About Zivnobanka building The building was designed by architect Osvald Polívka for the former Land Bank (Zemska banka) and was erected in 1896. Designed in opulent Neo-Renaissance style, the palace went on to headquarter other prestigious banking institutions Zivnostenska Banka and the UniCredit Bank. Recognized for its exceptional architecture, exquisite interiors and historic significance, the late 19th century palace is a Protected National Cultural Monument. About CEFC CEFC China Energy Company Limited is a leading private company in Shanghai and 6th biggest in China. The company operates primarily in finance, energetics and industry. Its presence is for example in the USA, Great Britain, Canada, Mexico, Russia, UAE, Indonesia, Singapore, South Korea or Japan. CEFC was included in top 500 companies in the world and repeatedly ranked among the 10 most influential companies in China. From 2013, the Company distributed in the charity and cultural activities over CZK 2 billion and during last 4 years has been recognized as one of the top 10 largest charitable donors in China. CEFC has decided to expand into Europe and selected the Czech Republic as the headquarters of its European activities. About CPIPG CPI PROPERTY GROUP is a leading real estate company concentrating on long-term investments and the lease of real estate predominantly in Central Europe and Germany. In 2014 a new majority shareholder Mr. Radovan Vitek has brought to CPI Property Group not only a valuable real estate portfolio, but also more than 20 years of successful investment experience in CEE markets. The Group has its registered seat in Luxembourg and is listed on the Regulated Market of the Frankfurt Stock Exchange. CPI Property Group now manages a well-balanced and diversified portfolio with the value over EUR 4.4 billion, which includes a wide range of properties located in Germany, the Czech Republic, Slovakia, Hungary, Poland and Romania. Office and retail yielding properties form a core portfolio with residential, hotel and logistic properties bringing advantages from either low risk profile or higher yields. The Group operates also in development of new projects, investments in a portfolio of land and agricultural business. For further information please contact: Kirchhoff Consult AG Sebastian Bucher Herrengraben 1 20459 Hamburg T +49 40 60 91 86 18 F +49 40 60 91 86 60 E sebastian.bucher@kirchhoff.de --------------------------------------------------------------------- 2015-11-05 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 --------------------------------------------------------------------- 409675 2015-11-05
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