It’s been sold by CA Immo Deutschland GmbH and ECE, although they have each retained a 10pc stake in the property. The total investment volume is around €360 million.

“Allianz’s investment in the Skyline Plaza is another highlight of our investment activity in Germany,” declared Stefan Brendgen, CEO of Allianz Real Estate Germany. “Thanks to the presence of ECE and CA Immo, we will have two outstanding partners at our side during both construction and subsequent operation. This acquisition takes us a major step closer to our goal of increasing the retail share in our portfolio.”

Bernhard H. Hansen, CEO of CA Immo Deutschland and CTO of CA Immobilien Anlagen AG: “Skyline Plaza is another flagship project in Europaviertel alongside Tower 185. I’m especially pleased that this project, too, will be carried out to strict sustainability criteria – which is vital in order to succeed among both tenants and investors like Allianz.”

“We’re proud to have such an experienced and prestigious partner as Allianz on board. The Skyline Plaza is an exceptional project for us. Allianz’s early participation proves the attractiveness of this scheme at this prime location in Frankfurt,” proclaimed Alexander Otto, CEO of ECE.

The Skyline Plaza is being built in Europaviertel – a brand new inner-city district emerging close to the main railway station, the Frankfurter Messe exhibition centre and the banking district. CA Immo is developing this dynamic area into a vibrant urban setting with plenty of real estate for offices, hotels, shopping and apartments.

Following its completion in autumn 2013, the Skyline Plaza will contain around 38,000 square metres of retail space on two levels accommodating about 180 retail units. The centre will also house a Meridian Spa covering an area of some 9,200 square metres. Moreover, planning includes a roof garden 10,000 square metres in size with a view of the Frankfurt skyline and featuring a mix of cafés, restaurants and relaxation areas. Benefiting from excellent transport links, the Skyline Plaza will include a multistorey car park as well for around 2,400 vehicles – and drivers will be able to quickly reach the city centre and the motorways.

Joint venture partners CA Immo and ECE will be building a conference centre at the same time as the shopping mall.

Allianz Real Estate Germany was advised during the transaction by Clifford Chance, Jones Lang LaSalle and Ernst & Young.

Images of Skyline Plaza are available for download in the image archive of the Press section at www.caimmo-deutschland.de or via this Link.

About ECE
ECE has been developing, planning, realizing, letting and managing shopping centers in city centers since 1965. Managing 132 shopping centers and active in 15 countries, it is the European market leader in its field. In all the ECE centers together, approx. 14,000 businesses spanning a shopping surface of 4.2 million m2 in total achieve a total annual turnover of € 15.3 billion. These centers include the Potsdamer Platz Arkaden in Berlin, the Promenaden in Leipzig’s main train station, the Alstertal shopping center in Hamburg and the Ettlinger Tor in Karlsruhe. There are a further 20 shopping centers under construction and in the planning stages across Europe including the Thier-Galerie in Dortmund, the Forum Mitterhein in Koblenz, the Galeria Kaskada in Szczecin (Poland) and the Árkád in Szeged (Hungary). In its other business areas, Office, Traffic and Industries, ECE also realizes other types of buildings, such as the Philips Deutschland headquarters in Hamburg, the ThyssenKrupp quarter in Essen and the Steigenberger Hotel at the new BBI airport in Berlin.

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 stand 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 has been managing its development projects in Eastern Europe through the CA Immo New Europe (CAINE) project development fund since the end of 2006. 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