CPI to divest Czech residential portfolio

CPI Property Group's subsidiary, CPI, and another subsidiary, CPI Europe (CPIE), have signed a non-binding letter of intent for the potential sale of CPI BYTY.

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CPI BYTY holds the group's Czech residential properties, which would be sold from CPI to CPIE. The residential portfolio includes almost 12,000 apartments and was valued at €891.6 mln as of mid-2025. 
The sale is contingent on due diligence and other standard closing conditions and is anticipated to be finalized within the next few weeks. CPIPG believes this transaction will be advantageous for both CPI and CPIE.
At the end of the first half of 2025, CPI Property Group reported total assets of €20.3 billion and EPRA NRV of €6.5 bn. The value of their property portfolio decreased slightly to €17.8 bn from €18.2 bn at the end of 2024, mainly due to property sales, though this was partially offset by capital investments and increased valuations.
During this period, the Group completed €650 mln in property sales (excluding those with advance payments in 2024), with an additional €250 mln signed but not yet finalized. Another €280 mln in sales are in advanced stages. CPIPG's total planned disposals are valued at over €2 bn and are continuously updated.
CPIPG's total available liquidity stood at €1.6 bn, sufficient to cover all bond maturities for the next 24 months and all debt maturities for the next 18 months. 
David Greenbaum, CEO, commented: “CPIPG’s performance was solid during the first half of 2025. Operations showed good momentum, reflecting the efforts of our local teams and the benefits of further Group integration, while leverage declined as our disposal pipeline remains on track.”