CA IMMO INTERNATIONAL OPENS SPECIALIST RETAIL CENTRE IN HUNGARY
29 October 2009 sees the grand opening ceremony of the Dunacenter specialist retail centre in Györ, Hungary. The project was undertaken as a 50:50 joint venture between the CA Immo New Europe Property Fund, in which CA Immo International has a majority holding of 60%, and a group of Hungarian investors led by Ivan Holler. The total volume of investment is about € 19 million. The specialist retail centre with leasable area of 16,375 sqm was built in just ten months on a former industrial site at the western entrance to Györ.
CA Immo International accesses the Hungarian retail segment for the first time
Until now, CA Immo International has invested exclusively in office properties in Hungary. In Budapest, high-quality office buildings, like Capital Square, the Vizivaros Office Center and Bartok Haz, are among the company’s Hungarian property assets. With the opening of the Dunacenter specialist retail centre, CA Immo International is now also accessing the retail segment in this region for the first time. Dr. Bruno Ettenauer, Chairman of the Management Board of CA Immo International AG says: “With some 90,000 sqm office area, Hungary is the largest market for CA Immo International. Thanks to our local staff, we have a profound knowledge of the market and our own resources to draw on there, which has now also proved very helpful in accessing the new segment with the Dunacenter specialist retail centre.”
Dunacenter: shopping, sport & entertainment over 16,375 sqm
16,375 sqm of leasable area is available on the site, which has an area of 44,000 sqm, for a balanced retail mix in 25 shops. The mix of businesses ranges from textiles to groceries and a fitness centre. A pharmacy and a café restaurant are also due to open shortly. 600 on-site customer parking spaces guarantee an enjoyable and convenient retail experience.
About CA Immo International
CA Immo International (www.caimmointernational.com) is part of the CA Immo Group and a subsidiary of CA Immobilien Anlagen AG, with a focus on investment activities in eastern and south east Europe. 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 the market value of the portfolio as at 30.6.2009 stood at about € 700 million. CA Immo International is active as a project developer in the region via its majority holding in the CA Immo New Europe Property Fund.
Thursday, 29. October 2009 11:00