IMMOFINANZ Russia

What IMMOFINANZ Russia does

CPI Europe AG (formerly IMMOFINANZ AG) is a Vienna-headquartered, publicly listed European commercial real estate group operating across office, retail, and residential asset classes in ten Central and Eastern European core markets (Austria, Germany, Poland, Czech Republic, Slovakia, Hungary, Romania, Slovenia, Croatia, and Serbia). Founded in 1990 and listed on the Vienna Stock Exchange (since 1994) and the Warsaw Stock Exchange (since 2013), the company is majority-owned by CPI Property Group S.A. (75.03% of voting rights since May 2022) and was rebranded from IMMOFINANZ AG to CPI Europe AG in March 2025 to externalize that affiliation.

The business is built around three proprietary brands — myhive for flexible, full-service offices, STOP SHOP for value-oriented retail parks, and VIVO! for shopping centres in larger catchments — plus a Czech residential portfolio (CPI BYTY, ~12,000 units acquired November 2025) and the wholly consolidated subsidiary S IMMO (squeeze-out completed December 2024). The combined portfolio comprises over 350 properties with approximately 3.84 million sqm of rentable space and a reported valuation of €8.8 billion as of 31 March 2026.

Revenue is generated primarily through recurring rental income (€145.2 million in Q1 2026, up 2.3% like-for-like), supplemented by property acquisitions, project developments, and periodic asset disposals used to optimize portfolio structure and reduce leverage. The go-to-market combines direct-to-tenant leasing through local country teams, branded self-serve property search portals, and physical retail locations across nine markets. As of Q1 2026 the company reported 93.5% portfolio occupancy, a 47.9% equity ratio, and €328.6 million in cash and cash equivalents.

Name

IMMOFINANZ Russia

Legal name

CPI Europe AG

Website

https://immofinanz.com

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Office Property Rental: Rental income from office properties under the myhive brand and other office portfolios. Focus on capitals of core markets (Austria, Poland, Czech Republic, Hungary, Romania, Slovakia) and major German office cities.
2. Retail Property Rental: Rental income from over 200 retail locations across 9 countries through STOP SHOP retail parks and VIVO! shopping centers.
3. Residential Property Rental: Rental income from residential portfolio in Czech Republic, comprising nearly 12,000 apartment units in 14 attractive cities. CPI Europe became second-largest provider of rental housing in Czech Republic through CPI BYTY acquisition.
4. Property Acquisitions and Sales: Targeted acquisitions strengthen portfolio while property sales adjust and streamline portfolio structure. Proceeds used to repay debt or reinvest in real estate.
5. Project Development: In-house project developments of Office and Retail properties strengthen portfolio through the entire value chain. STOP SHOP brand expansion continues rapidly.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

CPI Europe AG (formerly IMMOFINANZ AG) is a European real estate group that owns, develops, and manages office, retail, and residential properties across ten core markets in Central and Eastern Europe. The company operates a multi-brand portfolio strategy through myhive (offices), STOP SHOP (retail parks), and VIVO! (shopping centers), complemented by a residential rental portfolio (CPI BYTY) in the Czech Republic. Core revenue is generated through rental income from standing investments, supported by value-creating development projects and opportunistic property acquisitions.

Product overview

CPI Europe AG (formerly IMMOFINANZ AG) is a European real estate group operating a multi-brand portfolio strategy across three core asset classes: office, retail, and residential properties. The company's product architecture centres on three branded property concepts: myhive for flexible office solutions, STOP SHOP for retail parks, and VIVO! for shopping centres, complemented by a residential portfolio in the Czech Republic (CPI BYTY) and the wholly-owned subsidiary S IMMO. The portfolio spans over 350 properties with approximately EUR 8.8 billion in value across ten core markets in Central and Eastern Europe.

Differentiator

Problem solved

Functional benefit

Brands

• myhive: International office brand offering innovative office concepts with comprehensive services, excellent infrastructure, and active community management. Focus on flexibility, service, hospitality, versatile infrastructure, international community, and networking opportunities.
• STOP SHOP
• VIVO!
• CPI BYTY

Products and services

• myhive International office brand offering innovative office concepts with flexible workspace solutions including myoffice, myroom, mydesk, and myflex. Features full-service offices with hotel-inspired lobby design, high-speed WLAN, restaurants, cafés, sports facilities, and community networking events. Targeted at companies and organizations seeking modern office space in capitals of core markets.
• STOP SHOP Retail park brand offering standardised retail parks with catchment areas of 30,000 to 150,000 inhabitants. Features everyday products at value-for-money pricing, good transport links, and extensive parking. Targeted at international and local retail chains, specialty stores, and everyday product retailers across nine countries.
• VIVO! Shopping centre brand for cities with catchment areas of at least 200,000 inhabitants. Offers a shopping experience with leisure character, combining internationally renowned retail labels with local suppliers, modern gastronomy areas, and family-friendly entertainment. Targeted at retailers seeking high-footfall locations in major regional cities.
• CPI BYTY (Czech Residential Portfolio) Czech residential property portfolio comprising nearly 12,000 apartment units in 14 attractive cities across prosperous industrial regions of the Czech Republic and Prague. Offers quality rental housing to individuals and families.

Quantifiable outcome

• 93.5% occupancy rate across portfolio
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered minor, major and core.

• DecathlonminorChannel Partner/ Reseller/ Distributor · 25 June 2026Decathlon, one of the world's leading sports retailers, secured as new anchor tenant for retail property at Brünner Straße 72A in Vienna Floridsdorf.
• CPI BYTY (Czech Residential Portfolio)majorStrategic or Co-development Partner · 1 November 2025CPI Europe acquired the Czech residential property portfolio CPI BYTY in November 2025, strengthening its residential portfolio and making it the second-largest provider of rental housing in the Czech Republic with nearly 12,000 apartment units.
• S IMMOcoreStrategic or Co-development PartnerCPI Europe owns 100% of shares in S IMMO and fully consolidates this company. The squeeze-out was completed in December 2024. S IMMO's properties are included in the combined portfolio.

Scale indicators17 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• Atrium European Real Estate: European retail-led real estate company operating shopping centres across CEE. Comparable retail focus, similar geographic exposure, and historically similar portfolio composition to CPI Europe's STOP SHOP and VIVO! retail brands.
• CA Immobilien Anlagen: Austrian publicly-listed real estate company focused on office properties in Central and Eastern European capitals (Vienna, Berlin, Prague, Budapest). Closest direct peer — same geography, similar office-led portfolio, and overlapping shareholder base.
• CTP N.V. Major CEE real estate developer and investor focused on industrial/logistics parks across Czech Republic, Poland, Romania, Hungary, Slovakia, and Serbia. Overlapping CEE footprint and institutional capital structure make it a strong comparable.
• Globalworth Real Estate Investments: CEE-focused office landlord operating across Poland, Romania, Hungary, and Serbia with a similar multi-country office-led strategy. Closely comparable in market geography and asset class focus to CPI Europe's office portfolio.

Broad incumbents

• Vonovia SE: Europe's largest residential real estate company, primarily in Germany with growing CEE exposure. Highly comparable to CPI Europe's newly acquired CPI BYTY residential portfolio in terms of asset class and recurring rental model.
• Klépierre: Major pan-European retail REIT operating flagship shopping centres in continental Europe. Broader and more institutional than CPI Europe's retail segment, but directly comparable in retail asset class, tenant mix, and value-creation strategy.
• Gecina SA: French office-led REIT with prime Paris and Western European office portfolio. Comparable in asset class and premium positioning to myhive offices, though operating in a different geography.
• Unibail-Rodamco-Westfield: Global retail real estate operator with flagship shopping destinations across Europe. Larger and more diversified than CPI Europe, but operates in the same shopping centre asset class with similar leisure-anchored tenant strategies as VIVO!.

Regional players

• Echo Investment: Polish-focused real estate developer with office, retail, and residential projects across major Polish cities. Operates in CPI Europe's core CEE market but with regional concentration in Poland specifically.
• REICO ČS nemovitostní fond: Czech retail-focused real estate fund with shopping centre and retail park exposure. Comparable to CPI Europe's STOP SHOP and VIVO! retail brands in the Czech market specifically.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@CPI-Europe
• LinkedInlinkedin.com/company/immofinanz-russia

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about IMMOFINANZ Russia