| DGAP-News: CPI PROPERTY GROUP / Key word(s): Real Estate CPI PROPERTY GROUP - ANNOUNCEMENT OF TRANSACTIONS 13.03.2017 / 18:04 The issuer is solely responsible for the content of this announcement. CPI PROPERTY GROUP (société anonyme) 40, rue de la Vallée L-2661 Luxembourg R.C.S. Luxembourg: B 102 254 PRESS RELEASE Luxembourg, 13 March 2017 CPI PROPERTY GROUP - ANNOUNCEMENT OF TRANSACTIONS CPI PROPERTY GROUP (the "Company") announces two real estate transactions in the Czech Republic. On 7 March 2017 the Company disposed of the Purkynova office building located in Brno, Czech Republic. The modern building with an area exceeding 11,300 sqm was sold in a share deal transaction. The Company decided to proceed with this disposal since it considered Purkynova office building as a non-core asset. On 9 March 2017 the Company contracted financing of its CPI Reality portfolio, which consists of approximately 79,000 sqm of lettable area located across Czech Republic. The facility up to CZK 669 million, contracted with Raiffeisenbank, is expected to be drawn down this week. For further information please contact: Kirchhoff Consult AG Andrew Stammler Herrengraben 1 20459 Hamburg T +49 40 60 91 86 18 F +49 40 60 91 86 60 E andrew.stammler@kirchhoff.de 13.03.2017 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. Archive at 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 |
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553599 13.03.2017
