News Article CA Immo CEE office report
by Property Forum | Report

Based on independent external appraisals, CA Immo expects a positive net property revaluation result of around €355 million (around €3.52 per share) for the fourth quarter of 2021. Overall, a highly positive net property revaluation result of approximately €540 million (around €5.36 per share) is expected for the business year 2021, which will significantly exceed the reference value of the previous year of €184 million. The result reflects the still attractive market environment FOR Class A properties in Germany and especially in Munich and Berlin despite the Covid-19 pandemic.

In addition, the company's profitable real estate development activities were a key driver of the valuation uplift, both in terms of the construction progress of ongoing projects under construction and in relation to the development of land reserves.

The value of the real estate portfolio is expected to be around €6.25 billion as of December 31, 2021.

The final full-year results will be published on March 23, 2022.