CPI PROPERTY GROUP

  • WKN: A0JL4D
  • ISIN: LU0251710041
  • Land: Großherzogtum Luxemburg

Nachricht vom 18.09.2019 | 19:00

CPI PROPERTY GROUP - Acquisition of homes in Notting Hill

DGAP-News: CPI PROPERTY GROUP / Key word(s): Acquisition

18.09.2019 / 19:00
The issuer is solely responsible for the content of this announcement.


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

PRESS RELEASE
Luxembourg, 18 September 2019

CPI PROPERTY GROUP - Acquisition of homes in Notting Hill

CPI PROPERTY GROUP today announced the acquisition of seven homes at West Village, a development of contemporary homes in Notting Hill, London, W11.

Completed in 2017, West Village consists of nine homes built to a high specification with a minimum of three bedrooms and secure underground parking. The Notting Hill neighborhood is one of the most famous and highly sought-after areas of London, where recently constructed homes are less common.

"The seven homes at West Village were acquired by CPIPG for an attractive price, are fully let, and should benefit from strong rental demand for many years to come" said Martin Nemecek, CEO of CPIPG. "While we can continue to consider future UK investments, CPIPG's pipeline of potential acquisitions for the rest of 2019 is primarily focused on expanding our existing platforms in the CEE region."


For more on CPI PROPERTY GROUP, visit our website: www.cpipg.com


For further information please contact:

INVESTORS

CPI PROPERTY GROUP
David Greenbaum
Chief Financial Officer
d.greenbaum@cpipg.com


CPI PROPERTY GROUP
Joe Weaver
Director of Capital Markets
j.weaver@cpipg.com


MEDIA/PR
Kirchhoff Consult AG
Andreas Friedemann
Borselstraße 20
22765 Hamburg
T +49 40 60 91 86 50
F +49 40 60 91 86 60
E andreas.friedemann@kirchhoff.de



18.09.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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