News


CA IMMO AGREES LONG-TERM LEASE OF OVER 14,000 SQM OFFICE SPACE IN ROMANIA

Lease agreements have been extended for over 14,000 sqm in two Bucharest office buildings.

International anchor tenants are ensuring an almost 100 % occupancy rate in the CA Immo Romanian portfolio.

The anchor tenants in the Bucharest office building Riverplace are remaining faithful to their location: extensions have been agreed to for almost 13,000 sqm of the building´s total office space of 47,600 sqm. The mainly international companies Telemobil SA (5,055 sqm), Computer Generated Solutions Inc. (5,688 sqm) and Viveo Romania (746 sqm extended plus 1,400 sqm newly leased) have extended their leases, with durations of between 4 and 10 years. Leases were also extended in the Opera Center 2 office building: the law firm Stoica si Asociatii is leasing its current 920 sqm space for a further 10 years, and Cushman Wakefield is leasing 320 sqm for a further 5 years.

Bruno Ettenauer, CEO of CA Immo: “Our Romanian asset portfolio has traditionally been leased very well and consistently, and we currently have a leasing rate of more than 99 %. These stable leasing revenues speak for the quality of our properties and also for the professional on-site tenant care by our local team.”

Both Riverplace and the two buildings of the Opera Center are very well positioned in terms of infrastructure, and the modern architecture and facilities of the properties put them among the class A buildings in the Bucharest office market.

CA Immo in Romania
In Romania, CA Immo has a property portfolio with a balance sheet value of around € 407 million, which represents an approximate 8 % share of the group's total property assets. Over 90 % of its Romanian portfolio is investment property with an effective rentable area of around 330,000 sqm, including five modern office buildings and one logistics park in Bucharest, as well as a retail park in Sibiu. The Romanian investment portfolio is managed by the local CA Immo Management Romania branch.

About CA Immo
CA Immo is one of the leading property companies in Germany and Central Europe and is listed in the leading ATX index of the Vienna Stock Exchange. The company´s core business covers the asset management as well as the development of commercial properties, principally in the office segment. CA Immo was founded in 1987; its total property assets in Germany, Austria and Eastern Europe amount to about € 5.3 billion (as at 30.6.2012).

For additional information, contact:
CA Immobilien Anlagen AG
Mag. Susanne Steinböck
Tel.: +43 (0)1 532 59 07-533
E-mail: susanne.steinboeck@caimmo.com
www.caimmo.com