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Articles - CA Immo

CA Immo has signed and closed the sale of the Zagreb Tower office building to Austrian property company S Immo AG at a 5% premium to H1 2020 book value.

"In parallel with our portfolio growth in CA Immo's core markets, we are also continuing to pursue our non-core sales strategy. With the sale of the Zagreb Tower, we are withdrawing from a small CEE market at a sound sales price. In 2018 we started to speed up the process of focusing our strategic CEE portfolio on large-space, modern office properties in the big CEE capitals where we have local management teams in country, and where we believe we can generate appropriate level of risk adjusted returns.

IMMOFINANZ and CA Immo announce the commencement of a process to combine the two companies

Earlier today, IMMOFINANZ AG (“IMMOFINANZ”) announced that it has entered into an agreement to acquire 25,690,167 ordinary shares that represent ca. 26% of the outstanding share capital and voting rights in CA Immobilien Anlagen Aktiengesellschaft (“CA Immo”) from O1 Group Limited and Terim Limited.

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