Ablon rechristened as CPI Hungary
Due to the takeover of its Hungarian operations by Czech Republic-based CPI Group in mid-2013, real estate firm Ablon has imparted a name change as of May 15; the company will now operate under CPI brand as CPI Hungary.
Upon formally announcing the name change last week, CPI Hungary’s country manager for Hungary and Romania, Adrienn Lovro, stated that “CPI ensures a great chance to developour activities. CPI Group significantly expands across European markets, and we have a unique opportunity to make the most of this potential and financial strength while adding its knowledge to our professional know-how.”
CPI Hungary manages the assets of Ablon and the Endurance Fund, and altogether manages about 220,000 square meters in Hungary. Assets managed by CPI Group were valued at over €2.9 billion in 2013. The CPI portfolio at present includes holdings in Hungary, the Czech Republic, Slovakia, Poland, Romania and France.
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