News Article Austria CA Immo CEE Immofinanz investment
by Property Forum | Investment

CA Immo has successfully disposed of its 4,483,453 shares in Immofinanz representing approximately 4.0% of Immofinanz’ issued share capital by way of an accelerated book-building offering to institutional investors. The aggregate value of the remaining stake was approximately €111 million.

The investment generated a total return on investment of approximately €19 million, which translates into approximately 15% on the total investment volume of approximately €130 million.

The proceeds of this non-strategic divestment will be reinvested into the company’s core business of investing, developing, and managing high-quality real estate in the gateway cities of Germany, Austria and CEE.