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CA IMMO: POST AG COMPLETES MOVE TO LÄNDE 3 SITE; GROUP LETS 400,000 sqm IN 2011
 


Post AG successfully relocates to Lände 3 site and CA Immo Group as a whole lets over 400,000 sqm of floor space in first three quarters of 2011

POST AG has been relocating to its new corporate headquarters on the Lände 3 site since the start of September. With the move now complete, the organisation has brought together all of its office-based operations across 31,000 sqm on the Vienna site.
As Post AG was taking up residence, the company Sim & More GmbH was confirmed as the tenant and operator of the SB Restaurant, which spans usable space of 2,500 sqm on the same site.

Group lettings for the first nine months
During the first three quarters, the CA Immo Group as a whole let effective area of approximately 403,000 sqm. Lettings performance was thus equivalent to around 17 % of the Group's asset portfolio, which amounts to 2.4 million square metres. Of this total figure, new lettings were responsible for around 35 % and 65 % was accounted for by existing tenants extending contracts and expanding their floor space. The main impetus came from large-scale lettings in Eastern European investment properties together with various new contracts linked to recently completed development projects in Germany.

Significant new and extended contracts were concluded in Eastern Europe. These included Puma and Deloitte (1,000 sqm in Danube House and 8,900 sqm in Nile House respectively, both office properties being located in Prague), Nokia Siemens Network (13,000 sqm of office space in City Gate, Budapest) and Tetra Pak (2,160 sqm in the Poleczki Business Park, Warsaw).

Lettings in Germany included 4,500 sqm in Tower 185 in Frankfurt to the international law firm Mayer Brown LLP.

About Lände 3
CA Immo launched the large-scale urban development project known as Lände 3 on an inner city site early in 2010. The main advantages of the site, which currently comprises some 80,000 sqm of rentable area, are its excellent infrastructure connections (U3 underground line and airport link motorway), proximity to the city centre and a location close to the Donaukanal and Wiener Prater recreation areas. The site has mainly been used for commercial purposes for around a century. Over the next few years, it will transform into a thriving urban district as a blend of residential units, modern offices, shopping and hotel facilities is created.

About CA Immo
CA Immo was founded in 1987. The company develops and invests in commercial real estate (and in particular offices) in Austria, Germany and Eastern Europe. As of 30 September 2011, the company's total property assets amounted to some € 5.2 bn. CA Immo is listed on the Vienna Stock Exchange, with free float of around 83 % at the present time.

Please address any questions to:
CA Immobilien Anlagen AG
Mag. Julia Müller
Tel.: +43 1532 590 7581
Email: julia.mueller@caimmo.com
www.caimmo.com


Wednesday, 07. December 2011 10:18