The real estate company CPI Property Group (formerly GSG Group) has doubled its net profit for the first half of 2014 to €112m. Radovan Vítek is the majority shareholder at CPI Property Group with a 94-percent stake. In June, Vítek merged his Czech-based property group CPI with GSG Group, formerly known as Orco Germany in a step which allowed him to acquire 2.5 billion new shares of GSG Group. Now the company has been renamed as CPI Property Group.
The company has €4.1bn worth of assets. Its property portfolio includes 1.25 million sqm of office space, 770,000 sqm of rental flats and 620,000 sqm of retail. Based in Luxembourg, the company’s shares are listed on the Frankfurt Stock Exchange.
