CPI Europe acquires Czech residential portfolio of around 12,000 units

CPI Europe AG has completed the purchase of a Czech residential property portfolio known as “CPI BYTY”, comprising nearly 12,000 apartments located primarily in the regions of Ústí nad Labem and Liberec, as well as in Třinec and Prague. 

The transaction, announced in August 2025 and now finalised, includes the operational and management platform associated with the portfolio. In 2024, the portfolio generated gross rental income equivalent to approximately €38 million. 

Independent valuers placed the portfolio’s value at around €892 million as of 30 June 2025. After accounting for liabilities, capital-gains tax adjustments and other factors, the total consideration paid by CPI Europe is approximately €605 million. Half of this sum will be paid in cash immediately, with the remainder financed via a multi-year vendor loan from the seller, a subsidiary of the parent group. 

The company said the acquisition supports its strategic priorities of long-term growth, diversification and exposure across asset classes and geographies within the affiliated CPI Property Group. 

CPI Europe emphasised that the portfolio offers “positive rent-reversion opportunities”, with like-for-like rental growth estimated at about 9 % in the first half of 2025.