Language About us Introduction History Prizes & Awards Career CSR Introduction CPI Hungary (formerly called Ablon) is the member of the CPI Property Group, the leading real estate company concentrating on long-term investments and the lease of real estate predominantly in Central Europe and Germany. The total balance sheet value of the assets managed by the company having its seat in Luxembourg and listed on the Regulated Market of the Frankfurt Stock Exchange is EUR 4.1 billion. The Group was formed by the merger of the German GSG Group (former ORCO Germany) and the Czech CPI Group (former Czech Property Investments a.s., Ablon Group, Endurance Fund). GSG Group was the leading provider of commercial space in Berlin, focused on investment properties, development potentials and asset management. After the acquisition of the Berlin based Gewerbesiedlungs-Gesellschaft (GSG) in 2007, GSG Group became one of the largest owners of commercial real estate in Berlin. The portfolio was comprised of approx. 850,000 sq m office and light industrial space for SME. CPI Group, respectively the parent company Czech Property Investments a.s., was established in 1991 and since then it has continuously developed its activities on the Czech, Slovak, Hungarian and Polish markets. In general the Group covers all real estate sectors - office buildings, shopping centres, industrial areas, development projects and land bank. The Group has invested in the purchase of real estate reconstruction and services of commercial buildings. In the position of a major developer on the Prague market CPI Group has itself with the construction of the Fénix Shopping Gallery and the four star Clarion Congress Hotel in Prague. An important part of the activities has been the series of acqusitions to support the diversification of its portfolio in all segments, for example residential leases, retail business with hypermarket tenants or whole companies such as Ablon Group. In 2012 the Group realized its first public emissions of corporate and project bonds which were highly successful. This opened the door to other sources of financing the Group´s activities. CPI Group became a leading Czech real estate company engaged in property investment, development and administration in all market segments in Central Europe. With total assets exceeding 86 billions CZK (the end of 2013) the Group has been a leading actor on the aforementioned markets. In June 2014, Mr Vitek contributed 100% of CPI Group (CZ) shares to the GSG Group (GE). Following this capital increase the shareholding interest of Mr Vitek in the Group has increased to 94.02%. This transaction has created a very strong European real estate competitor with a well-balanced and diversified portfolio. This includes a wide range of properties located in the Czech Republic, Germany, Slovakia, Hungary, Poland and Romania. This merger has given the Group the opportunity to extend strategic diversification across several real estate sub sectors from Germany to the CEE region and Western Europe. The goal of the Group is to develop the potential of its real estate portfolio, to create new business opportunities and thus increase its commercial value. Cooperation with tenants and a support of mutual relationships and are the key elements of this success. CPI Hungary handles the Hungarian assets of CPI Property Group, circa 220.000 sqm in total. Go to the top... www.cpigroup.hu HOME ABOUT US PROJECTS PRESS ROOM CONTACT WEBDESK » Introduction » History » Prizes & Awards » Career » CSR » News » Download » Newsletter