DGAP-News: CPI PROPERTY GROUP

CPI PROPERTY GROUP
(société anonyme)
40, rue de la Vallée
L-2661 Luxembourg
R.C.S. Luxembourg: B 102 254

PRESS RELEASE
Luxembourg, 27 September 2017

CPI PROPERTY GROUP announces refinancing of its assets located in Hungary and Slovakia

CPI PROPERTY GROUP managed to refinance a portfolio of four properties located in Hungary, namely Gateway and Business Center 99 office parks in Budapest as well as Buy-Way shopping parks located in Dunakeszi and Soroksar. The facility of EUR 50 million has been contracted with K&H Bank. Gateway is a modern A-class office park comprised of three eight-storey towers, with 35,900 square meters of gross leasable area and 422 covered parking spaces. Business Center 99 is a redesigned A-class office park comprised of four office buildings, with total 17,370 square meters of gross leasable office and retail areas and 210 parking spaces. The gross leasable area of the refinanced Buy-Way shopping parks amounts to 21,600 square meters (Dunakeszi) and 11,500 square meters (Soroksar).

CPI PROPERTY GROUP also managed to refinance a portfolio of six hypermarkets located across Slovakia. The facility of EUR 20.5 million has been provided by Tatra banka. The aggregate leasable area of the six refinanced hypermarkets amounts to 35,000 square meters and core tenants include Kaufland, Tesco and Terno.

For further information please contact:

Kirchhoff Consult AG
Andrew Stammler
Borselstraße 20
20765 Hamburg
T +49 40 60 91 86 34
F +49 40 60 91 86 16
E andrew.stammler@kirchhoff.de