CPI Property Group Updates on Strategic Initiatives

CPI Property Group ("CPIPG"), a major European landlord, has released an update on its strategic initiatives. The Group is working on simplification and governance improvements while securing financing for future growth.

IMMOFINANZ AG, in collaboration with CPIPG, plans to initiate a squeeze-out of S IMMO AG to simplify Group structure. This marks the first step in reducing organizational complexity with further reviews expected in the coming months.

CPIPG issued €500 million in 5-year senior unsecured green bonds, which were six times oversubscribed. Proceeds were used to repay €460 million of bridge loans, increasing the Group's fixed-rate debt ratio to over 90%.

The global law firm White & Case has been reviewing CPIPG's governance since 2023, focusing on compliance and related party transactions. A final report is due this summer, with initial suggestions already received.