CPI Property Group

CPI Property Group (“CPIPG”) is a real estate landlord of income-generating commercial properties focused on the Czech Republic, Berlin, Warsaw and the Central & Eastern European (CEE) region. It was founded in the Czech Republic in 1991.

The company's headquarters are in Luxembourg, and its shares are listed on the Frankfurt Stock Exchange.

Radovan Vítek is the founder and majority shareholder of the company, holding approximately 88.8% of CPIPG's share capital and 89.4% (as of 31 December 2021) of voting rights directly and through vehicles controlled by him.

CPIPG's owned real estate portfolio is valued at €18.1 billion (as at 31 March 2022), comprising more than 570 commercial properties, over 4,000 international and local tenants, and exposure to multiple geographies and property segments. CPIPG’s portfolio is split as follows: office assets (49% of the total portfolio by value), primarily in central European capital cities such as Berlin (GSG Berlin) Prague, Warsaw and Budapest; retail assets (24%), primarily in the Czech Republic; residential assets (8%), mainly in the Czech Republic; hotels and resorts (5%); and complementary assets (14%), primarily comprising land bank, development properties and industrial and logistics properties. CPIPG's properties generated over €110 million of net rental income in the first quarter of 2022and were 93.7% occupied.

As of 31 May 2022, CPIPG owns a controlling 76.9% stake in IMMOFINANZ AG and a 42.6% (directly and indirectly) stake in S IMMO AG, two Austrian real-estate companies listed on the Vienna stock exchange.

CPIPG's Board of Directors consists of three independent directors (Edward Hughes, Omar Sattar, and Jonathan Lewis), two non-executive members (Philippe Magistretti, Tim Scoble as Apollo representative) and three  members of management (Martin Němeček, Tomas Salajka, and Oliver Schlink).

CPIPG has investment-grade credit ratings from international rating agencies Standard & Poor's (BBB), Moody's Investors Service (Baa2) and Japan Credit Rating Agency (A-).

Since 2017, CPIPG has issued more than €8.7 billion (equivalent) of bonds (including Schuldschein) in eight different currencies on the international capital markets. The Group was the first borrower from the CEE region to issue benchmark green bonds in 2019 and has further strengthened its ESG agenda and capital structure by becoming in 2022 the first real estate company from the region to issue sustainability-linked bonds in the amount of €700 million.

CPIPG has a Second Party Opinion rating from Sustainalytics with a Low Risk score of 12.8 / 100 as of 2021, putting the Group among the top 5% of issuers globally.