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CA IMMO SELLS HOTEL SITE IN BERLIN

The Europacity urban district in Berlin is progressing apace. A first-class Steigenberger Hotel Group hotel will be opening in the first half of 2014, in the vicinity of the central railway station and the German Chancellery.

 

The investor PORR Solutions Deutschland GmbH has now bought the plot for the hotel project, covering 3,250 sqm, from CA Immo.

 

The site in the Europacity urban district is situated in the southern part of the central railway station where almost all the plots in the project area are currently under construction. Dr. Bruno Ettenauer, CEO of CA Immo has this to say: “With the latest transaction we have now created a use for the fourth of five building plots in the ensemble, with three buildings currently under construction. Continuous reduction development of our German property reserves by means of procuring planning permission and subsequent sale or realisation of our own development projects is thus progressing apace in Berlin as elsewhere.”

The InterCityHotel Berlin Hauptbahnhof is being built immediately adjacent to the site that has now been sold, and CA Immo is also building the new German headquarters for oil company TOTAL on the other side of the station. CA Immo is taking the role of investor and builder for the InterCityHotel and the TOUR TOTAL. Two other companies have also purchased plots in the Europacity development area where they will implement their own development projects.

About Europacity
The project area for the new Europacity urban district, covering about 40 hectares, is immediately adjacent to Berlin’s central railway station. The principal owners of the sites of the project area are CA Immo (about 20 ha), Deutsche Bahn AG (about 10 ha) and the Federal State of Berlin (about 6 ha). In autumn 2007, Deutsche Bahn AG commissioned CA Immo with the development of Deutsche Bahn AG’s sites under a management contract.
The aim of the development is to create a mixed-use district in the immediate neighbourhood of the Charité hospital, the government buildings, the central railway station and the cultural site, Hamburger Bahnhof, that will contribute to sustainable urban development.

About the Steigenberger Hotel am Kanzleramt
The hotel, with a planned construction start in autumn 2012, will offer more than 340 rooms and suites, a large conference area and a top-quality spa and wellness facility. Various catering outlets are also planned. For Arco Buijs, CEO of Steigenberger Hotels AG, based in Frankfurt, the new Steigenberger site ideally matches the company’s expansion strategy: “With the Hotel am Kanzleramt we are present in a prominent location and are committing ourselves in a market that continues to show very good growth.” Steigenberger will operate the hotel via a 20-year lease agreement.

Click <link fileadmin bilder _self download>here to download a picture in high resolution.

About CA Immo
CA Immo was founded in 1987. The company develops and invests in commercial real estate (and in particular offices) in Austria, Germany and Eastern Europe. Taking account of properties worth some € 1.5 bn acquired through the takeover of Europolis, CA Immo's property assets at the start of 2011 stood at just over € 5 bn. The proportion of the Eastern and South Eastern European segment in the portfolio as a whole has expanded from around 19 % to over 40 %, bringing it onto a par with the German segment. CA Immo is listed on the Vienna Stock Exchange, with free float of around 83 % at the present time.

Please address any questions to:
CA Immobilien Anlagen AG
Susanne Steinböck
Tel.: +43 1532 590 7533
Email: steinboeck@caimmoag.com
www.caimmoag.com


Wednesday, 09. November 2011 13:53