CPI Property Group
We are a leading European real estate group
Establishment of Czech Property Investments, the mother company of the original Czech real estate group CPI Group.
CPI Group turns its attention to investments in the purchase of properties and their redevelopment for commercial use.
Acquisition of a wide portfolio of real properties and land in the Czech Republic and Slovakia.
Construction of the shopping gallery Fénix and adjacent four-star Clarion Congress Hotel Prague, finished in spring 2008, elevated the company’s position as a developer of significant projects.
A formal opening of the CPI City Centre in the Ústí nad Labem development project including the four-star Clarion Congress Hotel.
Czech Property Investments makes the first public issue of corporate and project bonds that are very successful and become an additional source of financing. The Group moves to the forefront of the most significant Czech real estate investors.
Construction of the four-star Congress Hotel Clarion in České Budějovice was finished.
Acquisition of the investment and development group ABLON Group Limited, who own a significant portfolio of property in Central and Eastern Europe.
Radovan Vítek, a property investor, incorporates 100% of the Czech CPI Group into the German GSG Group.
The combined group changes its name from GSG Group to CPI Property Group.
Acquisition of the food and agricultural grouping Spojené Farmy.
A formal opening of the multifunctional Quadrio complex in the centre of Prague at the end of October.
Acquisition of the Futurum shopping centre in Kolín.
Completion of the luxury residential project Palais Maeterlinck in Nice and the Meteor Centre Office Park C office building in Prague.
Acquisition of a ski lift operating company in the Swiss ski resort Crans-Montana
Completion of two significant shopping centres acquisitions – Bondy in Mladá Boleslav and Géčko in České Budějovice.
Acquisition of the Sunčani Hvar Hotels luxury hotels group in Croatia.
Acquisition of the Orco Property Group property portfolio.
Acquisition of the hotel operator CPI Hotels.
The Group completes its historically biggest acquisition in the value of CZK 17.5 billion, acquiring a retail portfolio of 11 big shopping centres in the Czech Republic, Hungary, Poland and Romania from funds managed by CBRE Global Investors.
The CPI Property Group in its current format was established in 2014 by the combination of the Czech CPI Group portfolio (Czech Property Investments) and German GSG Group (formerly Orco Germany). Radovan Vítek, the new majority owner, brought a property portfolio of great value to the group as well as many years of experience in investing in the Central-European property market.
The GSG Group, founded in 2004, was the leading company in the field of commercial property leasing in Berlin, focusing on investments in real estate, development and property management. Thanks to the acquisition of the German company Gewerbesiedlungs-Gesellschaft (GSG), the GSG Group became the biggest owner of office buildings and shopping space in Berlin in 2007. The portfolio reached more than 850,000 thousand m2 of office space. The year 2014 brought the expansion of activities in the field of property management provided to third parties through Wertpunkt Real Estate Experts GmbH.
The CPI Group, namely its mother company Czech Property Investments, was established in 1991 and has since then continued expanding its activities on the Czech, Slovak, Hungarian and Polish markets across all segments – office buildings, shopping centres and retail parks, industrial zones, development projects and land portfolio. Significant activities include important acquisitions that further strengthened portfolio diversification, for example, in the case of rental accommodation, retail buildings and whole development companies, such as Hungarian Ablon. In 2012, the CPI Group released the first public issue of corporate and project bonds, which were very successful and became an additional source of financing. The Group moved, step by step, to the forefront of the most significant Czech real estate investors.
In June 2014, Radovan Vítek, a property investor, incorporated 100% of the Czech CPI Group into the German GSG Group. This step constituted an extraordinarily strong European property group with a balanced portfolio, which includes a wide range of property in the Czech Republic, Germany, Slovakia, Hungary, Poland and Romania. The extraordinary General Meeting held on 28 August 2014 decided to change the name of the merged group from GSG Group to CPI Property Group.
In 2017, the Group completed its historically biggest acquisition, acquiring a retail portfolio of 11 big shopping centres in the Czech Republic, Hungary, Poland and Romania from funds managed by CBRE Global Investors. They include, for example, the shopping centres Olympia in Plzeň, Nisa in Liberec, Ogrody in Polish Elblag and Polus in Budapest. The acquisition also included the Zlatý anděl administrative complex in Prague 5 and two Hungarian Interspar stores.