CPI PROPERTY GROUP
CPI PROPERTY GROUP – DISPOSAL OF ASSETS IN THE CZECH REPUBLIC
CPI PROPERTY GROUP / Key word(s): Disposal/Real Estate CPI PROPERTY GROUP – DISPOSAL OF ASSETS IN THE CZECH REPUBLIC Luxembourg, 2 December 2014. CPI PROPERTY GROUP (the “Company”) informs that on 1 December 2014 its subsidiary entered into an agreement concerning disposal of two projects in the Czech Republic to an outside investor. The Company decided to sell these development projects, since they fall out of its strategy. In share a transaction the group disposed of (i) a brownfield project located at Kolbenova street in Prague 9 of approximately 5.6 hectares, and (ii) a land developable for residential project located in Ritka, south-west of Prague of approximately 39.5 hectares. The aggregate transaction price of EUR 20 million was paid at the closing. Contact: 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 02.12.2014 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: | +49 (0)30 440123120 | |
Fax: | +49 (0)30 390 93 199 | |
E-mail: | InvestorRelations@gsg-group.de | |
Internet: | www.gsg-group.de | |
ISIN: | LU0251710041 | |
WKN: | A0JL4D | |
Listed: | Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Düsseldorf, Stuttgart | |
End of News | DGAP News-Service |
301877 02.12.2014 |