- Business
- CPI Europe AG (CPI.VI) is an Austria-based real estate investment, development, and management company focused on commercial properties in Central and Eastern Europe. Founded in 1990 and headquartered at Wienerbergstrasse 9 in Vienna, Austria, the company acquires, develops, owns, leases, and manages office and retail assets across key markets including Austria, Germany, Poland, the Czech Republic, Hungary, Romania, Slovakia, Slovenia, Croatia, Serbia, and Italy; it operates branded portfolios such as myhive for flexible, full-service office spaces featuring high-speed internet, community facilities, and modern workspaces in major cities; STOP SHOP for retail parks targeting secondary markets with everyday retail offerings; and VIVO! for shopping centers emphasizing leisure experiences, diverse shops, gastronomy, and international brands in towns with populations over 200,000. The company also maintains involvement in hotels and residential properties, serving flexible property users through its reportable segments of office and retail. Formerly known as IMMOFINANZ AG, CPI Europe AG changed its name in March 2025 to better reflect its affiliation with parent CPI Property Group S.A., enhancing its strategic positioning as a leading European real estate group. Recent major developments include the completion in November 2025 of a €892 million acquisition of the CPI BYTY residential portfolio in the Czech Republic—comprising nearly 12,000 apartments in locations such as Ústí nad Labem, Liberec, Třinec, Ostrava, and Prague, with €38 million in 2024 gross rental income and 9% like-for-like growth in H1 2025—financed partly by a multi-year vendor loan from a CPI Property Group subsidiary; targeted disposals exceeding €165 million, including the Budapest Marriott Hotel and IRIDE Business Park; and a new strategy announced in August 2025 emphasizing long-term growth, diversification across asset classes, and regional expansion. In the first nine months of 2025, CPI Europe reported net profit of €236.9 million, rental income of €412.6 million, and revaluation gains of €118.5 million, amid ongoing optimization of its approximately 3.6 million square meter portfolio.