News


CA Immobilien Anlagen AG placed its IMMOFINANZ shares in the market

CA Immobilien Anlagen AG ("CA Immo") has successfully disposed of its 4,483,453 shares in IMMOFINANZ AG ("IMMOFINANZ") representing approximately 4.0% of IMMOFINANZ’ issued share capital by way of an accelerated book building offering to institutional investors. The aggregate value of the remaining stake was approximately EUR 111 million. The investment generated a total return on investment of approximately EUR 19 million, which translates into approximately 15% on the total investment volume of approximately EUR 130 million. The proceeds of this non-strategic divestment will be reinvested into the company’s core business of investing, developing, and managing high-quality real estate in the gateway cities of Germany, Austria and CEE.