CPIPG to provide local asset management services to Immofinanz

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Following the majority takeover of Immofinanz by CPI Property Group (CPIPG), resulting in the shareholding of about 77%, Immofinanz announced an update strategy, including close cooperation with CPIPG and the related synergy effects.

CPIPG and Immofinanz now agreed that CPIPG will provide asset management services to local Immofinanz companies, according to a press release sent to the Budapest Business Journal.

"This step creates new opportunities for our tenants, employees, and other stakeholders. Our local asset teams will become more effective and will combine their experience and knowledge to benefit all stakeholders," says Tomáš Salajka, director of acquisitions at CPIPG.

"This will improve efficiency and enhance our ability to offer top-quality services," he added.

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