• CA Immo exits non-core market Serbia with the sale of the 19,600 sqm office building Sava Business Center in Belgrade
• Continuation of the strategic capital rotation program to focus the investment portfolio on high-quality, modern office properties in the company's core markets
• Both the sales price and the buyer are subject to confidentiality

Vienna, 2 May 2025. CA Immo has successfully closed the sale of the Group's last Serbian office property Sava Business Center. The building comprises approx. 19,600 sqm of gross lettable area and was 96% let as of December 31, 2024, with annualized gross rental income of around €4.0m.

Keegan Viscius, CEO of CA Immo: "Since 2018, we have withdrawn from Romania, Slovenia, Bulgaria, Russia, and Croatia, as well as from all the secondary cities in Hungary, Austria and Poland. With this sale, we are exiting another non-core market, improving the portfolio focus and overall cost efficiency, and rotating our portfolio exposure to high-quality, modern office properties in our core markets."

The sale is in line with CA Immo's long-term investment strategy, pursuing a clear focus on large, high-quality Class A office properties in prime inner-city locations. As part of this strategy, CA Immo is selling properties that do not correspond to the core business in terms of asset class, location, building quality, age, or value creation potential, continuously optimising the quality and sustainability of the property portfolio. The proceeds of the sale will then be reinvested into value-accretive investments, including the continued build out of the prime development pipeline in Berlin, as well as potential selective external acquisitions.

CBRE acted as real estate broker, CMS as legal advisor to CA Immo in this sale process.

You can find images of the Sava Business Centre in our image archive.