CA Immo International AG

euro adhoc: other
CA Immo International strengthens its presence on Russian real estate market

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- CA Immo International participate in Warimpex-development project Airportcity St. Petersburg - Total project volume around EUR 390 million

The development fund CA Immo New Europe Property Fund S.C.A. SICAR, of which CA Immo International AG has a 60 percent interest, acquires 25 percent of the development company, which together with the Airport St. Petersburg develops the Airportcity. Seller is the Warimpex Finanz- und Beteiligungs AG. The purchase price amounts to EUR 30 Mio.

Airportcity St. Petersburg is projected as a Business Park, which is going to include a four-star hotel and several office buildings. The project will be done in two stages with a total project volume of around EUR 390 million. The completion of the hotel and three office buildings is already scheduled for the end of 2009. The second phase is expected to start in the mid of 2009.

Since the beginning of the year the development fund CA Immo New Europe Property Fund S.C.A. SICAR is committed in project developments with a total volume of around EUR 1 billion. Thereof, EUR 600 million accounts for the fund; the difference for Joint-Venture partners. In the portfolio of CA Immo International AG there are new investments of around EUR 470 million since the beginning of the year.

CA Immo International

CA Immo International is part of the CA Immo Group and a subsidiary of CA Immobilien Anlagen AG, with a focus on investment activity in east and south-east Europe and the CIS states. CA Immo International shares are traded in the Prime Segment of the Vienna Stock Exchange. The company invests primarily in commercial properties in the office, retail and logistics sectors and aims for a high degree of balance between these segments in its portfolio. In the course of the restructuring of the CA Immo Group in summer 2006, the properties in this region were transferred to the portfolio of CA Immo International. The dynamic expansion strategy plans for decisive portfolio expansion over the next few years.

CA Immo New Europe

Der CA Immo New Europe is a development fund, of which CA Immo International has a 60 percent interest.  The fund is addressed to wholesale institutional investors.

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ots Originaltext: CA Immo International AG
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Further inquiry note:
CA Immo International AG
Dr. Bruno Ettenauer
Mag. Claudia Hainz
Tel.: +43/1/532 59 07
Fax: +43/1/532 59 07-510

Branche: Real Estate
WKN:        A0LBUV
Index:    ATX Prime, WBI
Börsen:  Wiener Börse AG / official market

Weitere Meldungen: CA Immo International AG

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