• Successful completion of a long-term urban quarter development

• Sales proceeds above book value

• Investment focus on high-quality office properties

Frankfurt/Vienna, 18.06.2025 -- CA Immo has successfully completed the sale of the last undeveloped plot in the Baumkirchen-Mitte quarter in the east of Munich. The approximately 5,250 m² site was sold to the Pöttinger Real Estate Group and has building rights for approx. 8,000 m² of floor space. The plan is for mixed use consisting of socially subsidized and privately financed housing, a day-care centre and a smaller proportion of commercial use. The property was sold with a significant premium on the last book value.

This sale marks the completion of the Baumkirchen-Mitte quarter development initiated by CA Immo and realized together with partners over a number of years. The quarter is located in the immediate vicinity of the Berg am Laim S-Bahn station and is just a few minutes from Munich city center. CA Immo continues to hold the high-quality NEO office and hotel high-rise in the district, which has established itself as a landmark project.

Keegan Viscius, CEO of CA Immo: “The sale of the last plot of land in Baumkirchen-Mitte marks the successful completion of an outstanding neighbourhood development in one of Europe's most dynamic cities. At the same time, this sale underscores our consistent strategic focus: we are concentrating our portfolio on modern, large-volume office properties in prime inner-city locations, while at the same time systematically realising properties that do not fit our strategy.”

The sale is in line with CA Immo's long-term investment strategy, which places a clear focus on large, high-quality class A office properties on core markets. As part of this strategy, the company is disposing of properties that are no longer part of its core business in terms of asset class, location, quality, age or value creation potential. The resulting sales proceeds are reinvested in the development of the high-quality pipeline - particularly in Berlin - as well as in debt repayment, general corporate purposes, capital repayments to shareholders or selective external acquisitions, among other things.

McDermott Will & Emery Rechtsanwälte Steuerberater LLP (Germany) and Colliers International Germany advised on the sale of the property.