CPI Property Group to provide asset management services to IMMOFINANZ

CPI Property Group (CPIPG), which has become one of Europe’s largest landlords with a property portfolio exceeding €18 billion following the majority takeover of IMMOFINANZ, will provide asset management services to IMMOFINANZ companies pursuant to a service agreement signed by the two parties.

“This step creates new opportunities for our tenants, employees and other stakeholders. With CPIPG’s expertise and long-term support as a shareholder, IMMOFINANZ can focus on maintaining and even improving the performance of their excellent retail properties and myhive office solutions,” says Tomáš Salajka, Director of Acquisitions at CPI Property Group, adding: “To make the most of our cooperation, local organisational structures will be optimised by merging asset management teams. This will improve efficiency and enhance our ability to offer top-quality services. Our local asset teams will become more effective and will combine their experience and knowledge to benefit all stakeholders.”

CPI Property Group is one of the largest owners of income-generating real estate in Europe. With a total property portfolio exceeding €18 billion as of 31 March 2022, CPIPG owns the leading office platforms in key Central European capital cities of Berlin, Prague and Warsaw. The Group also owns retail properties in the Czech Republic and Central Europe, along with hotels, residential units and land.