Brief: Immofinanz Buys Retail Portfolio From CPI Property Group

Cpi Property SA

19/09/2022 16:50

Sept 19 (Reuters) - IMMOFINANZ AG  IMFI.VI :
    * STRENGTHENS ITS LEADING MARKET POSITION IN EUROPE WITH THE
ACQUISITION OF A RETAIL PORTFOLIO FROM CPIPG
    * ACQUISITION OF A FULLY RENTED PORTFOLIO WITH 53 PROPERTIES
IN
FOUR COUNTRIES AND ROUGHLY 217,000 SQM OF RENTABLE SPACE FOR EUR
324.2 MILLION
    * CLOSING FOR 36 PROPERTIES IN CZECH REPUBLIC AND POLAND
ALREADY
COMPLETED
    * EXPECTED TOTAL GROSS RENTAL INCOME OF EUR 25.0 MILLION PER
YEAR
SUSTAINABLY STRENGTHENS IMMOFINANZ'S EARNING POWER

Source text for Eikon:  ID:nEQ4dF6t3a 
Further company coverage:  IMFI.VI 

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