CPIPG: Income from acquisitions to exceed COVID-19 impact

(ČIA) CPI Property Group (CPIPG) predicts in 2020 a growth in its gross income from rents and net business income. Negative impacts of COVID-19 on results in the segment of retail and hotel property will be likely more than offset by increased income from the extension of the portfolio of administrative premises in 4Q 2019 and 1Q 2020. More than 75% of premises in group’s portfolio are still in operation even during the state of emergency. The collection of rents reached 84% in March 2020. The figure reached 98% in terms of offices, 60% for retail and 92% for the residential segment.



Register newsletter

Get to know about Nordic Chamber, our press releases and all news, straight to your inbox.