This February, for example, a corporate bond was placed with a term of seven years, a volume of €175 million and a coupon of 1.875% with a view to superseding costly loans of approximately €150 million prematurely in Eastern Europe. In addition, bank financing for the long term totalling around €318 million was extended early in the past six months. Thanks to these measures, CA Immo has succeeded in reducing its annual borrowing costs by around €3.7 million on the previous year while raising the average terms of the loans to around six years as things stand.

As CA Immo Chief Financial Officer Dr. Hans Volkert Volckens says, “We are pleased to have secured the positive operational development of CA Immobilien Anlagen AG by means of long-term, interest-optimised financing. We have consistently taken advantage of the record low interest levels we have at present while significantly improving our financing costs and loan periods.”