CPI PROPERTY GROUP - Poland Equity Investment

EQS-News: CPI PROPERTY GROUP / Key word(s): Real Estate
CPI PROPERTY GROUP - Poland Equity Investment

28.04.2024 / 22:54 CET/CEST
The issuer is solely responsible for the content of this announcement.

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

Press Release - Corporate News

Luxembourg, 28 April 2024

CPI PROPERTY GROUP - Poland Equity Investment

CPI PROPERTY GROUP ("CPIPG" or the "Group") has signed a commitment
agreement (the "commitment agreement") with Sona Asset Management (UK) LLP
("Sona") regarding a proposed equity investment of EUR250 million in Poland.

The equity investment would consist of a significant minority stake in a
CPIPG subsidiary holding a portfolio of eleven office properties in Warsaw
and two retail assets located in Elblag and Lublin. The gross asset value of
the portfolio is over EUR1 billion.

In connection with the commitment agreement, CPIPG and Sona jointly
acknowledge that transaction terms, definitive transaction documentation and
due diligence are in an advanced state, and that both parties intend to
conclude the transaction with a target closing by the end of H1 2024. CPIPG
will use the proceeds to repay debt and reduce leverage.

"Sona will be an excellent partner for CPIPG as we focus on capital
structure priorities for 2024 and beyond." said David Greenbaum, CEO. "By
investing alongside CPIPG in Poland, Sona will benefit directly from one of
CEE's strongest economies and most vibrant real estate markets."

For further information, please contact:

Investor Relations

Moritz Mayer
m.mayer@cpipg.com

For more on CPI Property Group, visit our website: www.cpipg.com
Follow us on X (CPIPG_SA) and LinkedIn


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28.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        CPI PROPERTY GROUP
                   40, rue de la Vallée
                   L-2661 Luxembourg
                   Luxemburg
   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
   EQS News ID:    1891153

End of News EQS News Service
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1891153 28.04.2024 CET/CEST