CPI Europe AG to Acquire Czech Residential portfolio
CPI Europe AG has signed a non-binding declaration of intent (LOI) with Czech Property Investments, AS, a subsidiary of CPI Property Group SA regarding the acquisition of a residential property portfolio in the Czech Republic.according to CPI Europe, the portfolio known as CPI Byty consists of almost 12,000 apartments, mainly located in Ústí nad Labem, Liberec, Ostrava and Prague. As of june 30, 2025, the portfolio value was €891.6 million and the gross revenue generated in 2024 was €38 million. The transaction is subject to due diligence and other customary closing conditions and is expected to be completed in the coming weeks.
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