Czech Republic WorkLounge takes over in Prague

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WorkLounge will continue HubHub’s operations with immediate effect WorkLounge network of serviced office centres took over the lease agreement from outgoing operator HubHub at Na Příkopě 14 in Prague. The company will continue HubHub’s operations with immediate effect, including taking over current clients. The building is owned by CPI … Click here to view original …

Immofinanz plans to increase its shareholding in S Immo to over 50%

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Immofinanz S Immo -min European commercial real estate group Immofinanz has received an approval from its supervisory board to enter into negotiations with its core shareholder CPI Property Group (CPIPG) concerning the acquisition of shares in Vienna-based real estate investment compan S Immo. Currently, Immofinanz directly holds approx. 26.49% … Click here to view original …

CENTRAL EUROPE CPI set to merge S Immo into Immofinanz

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Budapest City Center is one of the office properties in S Immo’s CEE portfolio Immofinanz has received approval from its supervisory board to enter into negotiations with its main shareholder CPI Property Group for the acquisition of a controlling stake in S Immo. Both Austrian real estate companies have … Click here to view original …

CEE REGION Immofinanz acquires CPI retail portfolio for EUR 324 mln

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One of CPI’s retail properties in Poland was the 42,000 sqm gla Ogrody mall in Elbląg Immofinanz has acquired 53 retail properties with app. 217,000 sqm of leasable space in the Czech Republic, Poland, Slovakia and Hungary from its majority shareholder CPI Property Group for EUR 324.2 mln. The … Click here to view original …

CENTRAL EUROPE S Immo to sell to reinvest in CPI offices in Hungary

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CPI PG is the owner of the 30,000 sqm Arena Corner office complex in Budapest S Immo has announced details of the change in its strategy following its recent takeover by CPI Property Group. This will involve the sell-off of its German residential properties. The proceeds of the sale … Click here to view original …

CENTRAL EUROPE Ettenauer steps down as S Immo CEO after CPI takeover

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Austrian real estate investor S Immo, following the successful completion of the mandatory takeover offer by Prague-based CPI Property Group, has by mutual consent terminated the contract of S Immo’s CEO, Bruno Ettenauer. My time at S Immo was certainly characterised by many challenges, but above all by the … Click here to view original …