• Sale of CA Immo's stake in residential development site in line with strategic objective to focus portfolio on prime urban A class office

Munich/Vienna, 18 July 2025 -- CA Immo has successfully completed the sale of its share in the Eggarten residential development joint venture to the shareholders of its partner, Büschl Unternehmensgruppe. Formed in 2016, the joint venture with Büschl was established through mutual contribution of land in the Eggarten-Siedlung district in north Munich with the intention to advance zoning of a forward-looking residential quarter expected to incorporate residential units, a primary school, day care centers, district garages as well as shopping facilities and gastronomic areas over 228,000 sqm of total area (GFA). In addition to advanced energy and environmental aspects planed, such as a local heating network with groundwater utilization, around 45% of the total 1,850 planned residential units are to be built as subsidised housing.

Keegan Viscius, CEO of CA Immo: "We are proud of CA Immo’s contribution over the past 9 years in advancing the zoning of what can become one of Munich’s most exciting residential development quarters, a project that combines high planning quality together with social and ecological responsibility, and will help address the significant shortage of suitable housing. The sale of our share in this venture, in line with book value, is another step forward in our strategy to divest land plots not suitable for prime office development. The proceeds from sale may be used in a number of ways, including general corporate purposes, accretive investment in our prime portfolio, repayment of debt, buyback of shares, and external investment should attractive opportunities arise. We thank Büschl for their years of constructive partnership and further success in stewarding this project forward."