- Business
- CPI Europe AG (formerly Immofinanz AG, ticker: IIA.VI), founded in 1990 and headquartered in Vienna, Austria, operates as a leading European commercial real estate investment and management company focused on office and retail properties; it also maintains a residential portfolio. The company develops and rents properties under its flagship brands, including myhive for innovative, full-service office spaces with flexible workspaces, high-speed internet, community facilities, and work-life amenities in major metropolises across Austria, Hungary, Poland, Romania, and the Czech Republic; STOP SHOP for retail parks targeting catchment areas of 30,000 to 150,000 inhabitants with everyday retail products in Central and Eastern Europe; and VIVO! for leisure-oriented shopping centers serving areas of at least 200,000 inhabitants, featuring diverse shops, international labels, local suppliers, and gastronomy. CPI Europe conducts operations in key markets such as Austria, Germany, Poland, the Czech Republic, Slovakia, Hungary, Romania, Slovenia, Croatia, Serbia, and Italy, managing a high-quality portfolio emphasizing rental income from these segments.
In a significant strategic development, the company rebranded from Immofinanz AG to CPI Europe AG in March 2025 following approval at an extraordinary general meeting in January 2025, aligning its identity more closely with parent CPI Property Group and reinforcing its position among Europe's top real estate groups. Recent transactions include increasing its shareholding in S IMMO AG to 89% through the acquisition of additional shares announced in September 2024; selling non-core assets such as myhive Victoriei in Bucharest to AFI Europe in August 2024 and City Tower Vienna to Euro Real Estate in 2024 for over EUR 150 million; alongside strong financial performance with net profit of EUR 236.9 million and rental income of EUR 412.6 million in the first three quarters of 2025, supported by EUR 118.5 million in revaluations.