CPI Europe

What CPI Europe does

CPI Europe AG (formerly IMMOFINANZ AG) is a Vienna-headquartered, publicly listed European commercial real estate group that develops, owns, and manages office, retail, and residential properties across ten Central and Eastern European markets — Austria, Germany, Poland, Czech Republic, Slovakia, Hungary, Romania, Slovenia, Croatia, and Serbia. Founded in 1990 and listed on the Vienna Stock Exchange (ATX) since 1994 and on the Warsaw Stock Exchange since 2013, the company operated a portfolio of 357 properties totaling approximately 3.8 million sqm of rentable space with an aggregate value of EUR 8.8 billion as of 31 March 2026. The company is controlled by CPI Property Group S.A., which holds 75.03% of voting rights, and fully consolidates S IMMO, an Austrian property subsidiary.

The company operates through three standardized property brands: myhive (modern, full-service office buildings with flexible workspace products such as myoffice, myroom, and myflex), STOP SHOP (convenience-oriented retail parks serving catchment areas of 30,000–150,000 residents), and VIVO! (regional shopping centres for cities with catchments of 200,000+ residents). In November 2025, CPI Europe expanded into residential real estate via the CPI BYTY acquisition — nearly 12,000 apartment units across 14 Czech cities, making it the country's second-largest rental housing provider. Portfolio occupancy stood at 93.5% as of Q1 2026.

Revenue is generated primarily through recurring rental income from long-term leases with international retail chains (Decathlon, CCC, New Yorker, LC Waikiki, Deichmann), corporate office tenants (Uniper, trivago), and residential renters, supplemented by opportunistic property sales and asset management services. Q1 2026 rental income reached EUR 145.2 million (up 2.3% like-for-like), producing EUR 105.5 million in net profit, with a 47.9% equity ratio and 42.3% consolidated leverage ratio. The company exited the Italian retail park market in April 2026, repurchased up to EUR 400 million of senior notes in January 2026, and extended a EUR 120 million Erste Group financing facility for its Hungarian STOP SHOP portfolio as part of active capital recycling toward core CEE markets.

Name

CPI Europe

Legal name

CPI Europe AG

Website

https://cpi-europe.com

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

501–1,000 employees

Short description

CPI Europe AG is a Vienna-listed commercial real estate group owning and managing 357 office, retail, and residential properties across ten Central and Eastern European markets, serving international retail chains, corporate office tenants, and residential renters through standardized myhive, STOP SHOP, and VIVO! brands.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

SIC

Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Retail Real Estate Asset Management (BPAJAMAF)

akta.pro secondary industry

New Development & Project Marketing (Pre-Construction Sales) (FSAEAJAE)

Keywords

• Commercial real estate
• Office properties
• Retail parks
• Shopping centers
• Property leasing

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Rental Income: The majority of revenue is generated from rental income from standing investment properties including office buildings (myhive brand), retail parks (STOP SHOP brand), shopping centres (VIVO! brand), and residential properties. Rental income is recurring in nature from long-term lease agreements with tenants.
2. Property Sales: Revenue is also generated through the sale of properties to adjust and streamline the portfolio structure. This includes opportunistic disposals of non-core assets and properties as part of active portfolio management.
3. Asset Management Services: Asset management services provided to owned properties generating optimization of rental income, occupancy rates, and property values.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels10 records

Core offering

CPI Europe owns, manages and develops commercial real estate across 10 Central and Eastern European markets, operating three branded property concepts: myhive (flexible full-service offices), STOP SHOP (value-oriented retail parks) and VIVO! (shopping centres), plus a recently acquired Czech residential portfolio (CPI BYTY). The company leases space to office and retail tenants under long-term agreements and selectively develops or acquires properties to optimise its portfolio, while opportunistically disposing of non-core assets.

Product overview

CPI Europe is a European real estate group (formerly IMMOFINANZ AG) offering office, retail, and residential properties across ten core markets in Central and Eastern Europe. The company operates through three main brands: myhive for office properties, STOP SHOP for retail parks, and VIVO! for shopping centres. Additionally, the company expanded into residential properties in November 2025 through the acquisition of CPI BYTY in the Czech Republic. The portfolio includes over 350 properties with approximately 3.8 million sqm of rentable space.

Differentiator

Problem solved

Functional benefit

Brands

• myhive: International office brand offering innovative office concepts with services, infrastructure and active community for tenants
• STOP SHOP
• VIVO!

Products and services

• myhive Offices International office brand of CPI Europe offering innovative, flexible and full-service office space including hotel-inspired lobbies, high-speed internet, restaurants, sports facilities, networking events and active community management. Workspace formats include myoffice, myroom, mydesk and myflex to serve a range of tenant sizes. Targeted at companies seeking modern office environments in prime Central and Eastern European locations.
• STOP SHOP Retail Parks CPI Europe's retail park brand covering catchment areas of 30,000 to 150,000 inhabitants across Central and Eastern Europe. STOP SHOP delivers everyday products at good value with attractive price-performance ratios, good transport links and extensive parking, targeting price-conscious consumers in secondary and tertiary cities. Leased to international and national retail chains.
• VIVO! Shopping Centres Shopping centre brand of CPI Europe targeting cities with catchment areas of at least 200,000 inhabitants. VIVO! delivers a wide mix of international and local retailers, modern dining options and leisure experiences in standardised single-level buildings, providing an attractive shopping environment with leisure character for customers and occupancy opportunities for retail tenants.
• CPI BYTY Residential Portfolio Residential real estate portfolio in the Czech Republic acquired by CPI Europe in November 2025, comprising nearly 12,000 apartment units spread across 14 attractive cities including Prague and regions such as Ústí nad Labem, Liberec and Ostrava. Makes CPI Europe the second-largest provider of rental housing in the Czech Republic, with units let to individual residential tenants.

Quantifiable outcome

• 93.5% occupancy rate across portfolio
• +2 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• S IMMOcoreStrategic or Co-development PartnerCPI Europe owns 100% of the shares in S IMMO and fully consolidates this company. The property portfolio of CPI Europe (including S IMMO) has a value of approximately EUR 8.8 billion and covers over 350 properties. S IMMO is a wholly-owned subsidiary providing additional portfolio scale.
• UN Global CompactminorStrategic or Co-development PartnerCPI Europe has supported the UN Global Compact since 31 January 2022, committing to internationally recognised human rights standards and social responsibility. This is a voluntary ESG commitment rather than an operational partnership.
• Science Based Target initiative (SBTi)minorStrategic or Co-development PartnerCPI Europe's target to reduce greenhouse gas intensity by 46.2% by 2030 was validated by the Science Based Target initiative at the holding company level. This validates the company's climate commitments.
• CDP (Carbon Disclosure Project)minorOthersCPI Europe has released information on the impacts of its business activities on the climate as part of the Carbon Disclosure Project since 2021. Consolidated disclosures were made by CPI Property Group in the last three reporting years.

Scale indicators18 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Klépierre: One of Europe's largest retail REIT operators with shopping centre portfolios across continental Europe; comparable to CPI Europe's retail strategy and asset class mix, though at substantially larger scale.
• Aroundtown: European commercial real estate company with a large, diversified portfolio including office, hotel, and retail assets across Germany and broader Europe; comparable as a broader incumbent operating in adjacent CEE/German markets.

Direct peers

• CA Immobilien Anlagen: Austrian-listed real estate group specializing in office properties in CEE (Vienna, Berlin, Bucharest, Budapest); directly comparable to CPI Europe in office asset class and Austrian/regional shareholder base.
• Atrium European Real Estate: Listed European retail real estate specialist with a portfolio concentrated in Central and Eastern Europe, including shopping centres and retail parks—a near-direct comparison to CPI Europe's STOP SHOP and VIVO! retail assets by geography and asset class.
• S IMMO AG: Austrian-listed real estate investment company with portfolios in Austria, Germany, and CEE; already a wholly-owned and fully consolidated subsidiary of CPI Europe, but a useful external comparable in size, geography, and asset focus.
• Globalworth: CEE-focused office landlord operating modern office assets across Romania, Poland, Hungary, and other CEE markets, directly comparable to CPI Europe's myhive office portfolio in geography, asset class, and tenant base.
• Citycon: Nordic-listed shopping centre specialist operating retail-led properties across the Nordics and Baltics; comparable to CPI Europe's VIVO! and STOP SHOP portfolio model focused on shopping centres and retail parks.
• Eurocommercial Properties: Dutch-listed specialist in retail real estate (shopping centres and retail parks) across Italy, France, and Spain; directly comparable to the retail-led component of CPI Europe's portfolio (STOP SHOP, VIVO!).
• Globe Trade Centre (GTC): CEE-focused real estate developer and operator of office, retail, and mixed-use properties in Poland, Romania, Hungary, Serbia, Croatia, and Bulgaria—a close comparable by geography and multi-asset-class model.

Regional players

• CTP N.V. Pan-European industrial and logistics real estate developer with deep CEE exposure; comparable to CPI Europe as a CEE-focused, listed real estate operator with active development pipeline and scale ambitions.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@CPI-Europe
• LinkedInlinkedin.com/company/immofinanz-group
• Xx.com/bettinaschragl

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CPI Europe