EQS-News: CPI PROPERTY GROUP / Key word(s): Real Estate/ESG
CPI PROPERTY GROUP – Sustainability-linked Bilateral Loan

06.03.2023 / 08:16 CET/CEST
The issuer is solely responsible for the content of this announcement.

CPI Property Group
(société anonyme)
40, rue de la Vallée
L-2661 Luxembourg
R.C.S. Luxembourg: B 102 254                                                                                                                             

Press Release - Corporate News

Luxembourg, 6 March 2023

CPI PROPERTY GROUP – Sustainability-linked Bilateral Loan

CPI PROPERTY GROUP (“CPIPG”, the “Company” or together with its subsidiaries the “Group”), a leading owner of income-generating European real estate, is pleased to report the signing of our debut Sustainability-linked Loan through a bilateral facility with MUFG.

“Once again, CPIPG has demonstrated our ability to access diverse and innovative sources of financing,” said David Greenbaum, CFO of CPIPG.

The senior unsecured loan totals €100 million, with a bullet maturity of 5 years. Pricing on the loan is comparable to the Group's existing financing and includes a sustainability “step up / step down” feature based on the Group’s sustainability targets. The proceeds will be used for debt repayment and general corporate purposes.

In keeping with CPIPG’s commitment to reduce the greenhouse gas (“GHG”) emissions intensity of our property portfolio by 32.4% through 2030 versus the 2019 baseline, the loan’s margin will step up or step down on an annual basis from 2023 onwards. By year-end 2026, CPIPG needs to reduce GHG emission intensity by 20.6%.

GHG emissions intensity is expressed as tonnes of CO2 equivalent per square metres of property portfolio. Sustainalytics, as independent second-party opinion provider, assessed CPIPG’s targets as “ambitious” with “very strong” key performance indicators aligned with the Paris agreement.

For further information, please contact:

Investor Relations

David Greenbaum    Moritz Mayer
Chief Financial Officer    Manager, Capital Markets
d.greenbaum@cpipg.com   m.mayer@cpipg.com

For more on CPI Property Group, visit our website: www.cpipg.com    

Follow us on Twitter (CPIPG_SA) and LinkedIn

06.03.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language: English
40, rue de la Vallée
L-2661 Luxembourg
Phone: +352 264 767 1
Fax: +352 264 767 67
E-mail: contact@cpipg.com
Internet: www.cpipg.com
ISIN: LU0251710041
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart
EQS News ID: 1574929

End of News EQS News Service

1574929  06.03.2023 CET/CEST