ARTICLES LABELLED WITH TAG CA Immo

CA Immo presented its financial results for 2019 with a significant increase in recurring earnings (+13%) and rental income (+15%).  The company expects challenging conditions on CA Immo's core markets due to COVID-19.

CA Immo has taken the decision to bring an action for damages against the Republic of Austria and the Province of Carinthia for unlawful and culpably biased influence on the best bidder procedure in the context of privatization of the Federal Residential Property companies in 2004 and for the unlawful failure to win the best bidder procedure.

CA Immo has tapped the Eurobond market for the first time and successfully placed a €500 million fixed rate senior unsecured benchmark bond with a 7-year maturity and an annual coupon of 0.875% on 28 January 2020. The bond will trade on the Official Market of the Vienna Stock Exchange. The international rating agency Moody’s Investors Service Ltd. has assigned an investment grade rating of Baa2 to the bond.

CA Immo has sold a 62,000 sqm land plot close to Budapest Airport to Földfém Kft. and intends to fully focus on the office market in the future. CA Immo was represented by CBRE and Hungarian law firm Cerha Hempel in the transaction.

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.

CA Immo has begun the construction of two premium office properties in the River City Prague complex, which is located in Prague’s Karlín district. Mississippi House and Missouri Park will complete the office complex, which currently includes three Class A- office buildings (Amazon Court, Nile House and Danube House).

CBRE has been mandated by CA Immo to provide property management services for the Campus 6.1 office building, located in the central-western area of Bucharest, being the first time when CA Immo outsources property management services for a project in its portfolio.

Indotek Group has come to an agreement with CA Immo on the purchase of the 16,500 sqm DunaCenter retail park in the Hungarian city of Győr in November 2018. The seller was represented by Colliers International during the deal.

CA Immo signed and closed a sales and purchase agreement to acquire the centrally located Warsaw Spire C office building comprising of 21,700 sqm GLA in Warsaw, Poland. The transaction volume of the fully leased landmark Class A property amounts to around €100 million, the annual gross rental income reaches around €5.4 million. With this transaction, CA Immo takes another step in its CEE core market expansion strategy, setting the path for continued growth of the companies´ recurring earnings. According to plan, the acquisition will already contribute to recurring earnings (FFO) of CA Immo in the fourth quarter of 2018. Greenberg Traurig (legal), KPMG (tax) and Arcadis (technical) acted as advisors to CA Immo.

Immofinanz has successfully closed the package sale of its roughly 26% investment in CA Immobilien Anlagen AG to SOF-11 Starlight S.à r.l., a member company of the Starwood Capital Group.