News


ad hoc report 24/01/2008

CA Immobilien Anlagen AG intends to further increase its shares in its Eastern European subsidiary CA Immo International AG

Vienna, 24/01/2008. CA Immobilien Anlagen AG intends to further increase its shares in CA Immo International AG from currently short below 56%. The Management Board justified this with the extremely low share price of CA Immo International shares, which is around 30% below the current net asset value. The increase in the proportion of CA Immo International AG has thus increasing value to the net asset value of CA Immobilien Anlagen AG.


The CA Immo Group
CA Immo was founded in 1987 and has developed over the 20 years of its existence into one of the leading property investment companies in Austria. It invests in commercial property (offices, business hotels, shopping malls, logistics parks and warehouse areas). In order to be able to attract new investor groups, particularly institutional investors, while still retaining its profile for its private shareholders, who number about 22,000, CA Immo created a group structure in 2006: beneath CA Immo (quoted on the stock exchange since 1988), the company positioned CA Immo International, bundling the whole of the Group’s east and south-east European portfolio. Properties in Austria and Germany meanwhile remain in CA Immo. In addition, CA Immo New Europe was set up as a property fund for projects, and H1 Hotelfonds as a property fund in the hotel sector. CA Immo is traded on the Vienna Stock Exchange and currently has free float of approximately 90%.


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.

 


Thursday, 24. January 2008 09:00