Stop parsing PDFs. Get the API. Request Access

AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

CA Immobilien Anlagen AG

Investor Presentation • May 18, 2011

738_ip_2011-05-18_75fd314c-72ac-4bca-b5c9-cb644c6f03a3.pdf

Investor Presentation

Open in Viewer

Opens in native device viewer

INVESTOR PRESENTATION

Frankfurt, May 2011

CA Immo Group at a Glance

  • Clear focus on commercial properties (offices)
  • Following the acquisition of Europolis, CEE/SEE became largest region
  • Unique organic growth opportunities from developments in Germany
  • Listed in Vienna, Market Cap: € 1.2bn

~ € 5 bn Real Estate Assets

Focus on seven core countries

Listed on Vienna Stock Exchange since 1988

Market Cap: ~€ 1,2 bn NAV per Share: € 18.69 vs. Share Price of ~€ 13.0

CA IMMO IN EASTERN EUROPE

Established Player in Eastern Europe since 1999

Europolis Acquisition will Significantly Enhance the Profitability of CA Immo Group

i
T
t
r
a
n
s
a
c
o		 b
d
C
l
l
i
i
l
R
t
n
a
s
e
o
n
o
m
p
e
n
g
a
o
n
a
e
s
1 f
l
i
b
l
d
P
t
o
o
o
e
a
a
n
c
e
r
r
d
i
t
o
w
a
r
s
n
c
o
m
e
d
i
t
p
r
o
u
c
n
g
a
s
s
e
s		 9
0
%
f
l
i
i
d
i
E
t
>
o
o
p
o
s
a
s
s
e
s
a
e
n
o
m
e
p
o
n
g
u
r
r
c
r
u
c

i
f
i
d
i
i
l
l
i
f
R
t
t
a
o
o
n
c
o
m
e
p
o
c
n
g
a
s
s
e
s
n
c
e
a
s
e
o
m
r
u
w
r
r

0
%
l
8
0
%
7
t
c
o
s
e
o
C
's
h
b
l
k
A
I
i
t
t
m
m
o
c
a
s
a
a
n
c
e
s
p
u
o
w
o
r
2 S
i
i
f
i
t
g
n
c
a
n
E
i
d
C
h
a
n
n
g
s
a
n
a
s
r
l
i
F
A
t
o
w
c
c
r
e
o
n		 E
l
i
d
i
f
f
i
t
t
t
t
t
o
p
o
s
s
a
n
n
g
a
s
s
e
s
o
e
a
a
c
e
g
o
s
s
u
r
r
r
v
r

i
i
i
l
i
l
d
f
%
i
h
i
i
f
i
i
d
t
7
t
t
n
e
o
>
g
n
n
p
e
a
y
w
s
c
a
u
s
f
d
b
f
l
i
(
2.
%
)
L
t
t
E
7
5
o
o
o
e
o
o
p
o
w
c
s
u
r
s

~
3 i
l
A
t
t
t
D
r
a
c
v
e
e
a
S
h
t
t
c
e
e
n
a
n
c
e
s
r
u
u
r
R
I
d
t
t
e
n
o
n
n
e
s
e
u
r
v
i
E
t
q
u
y		 f
f
f
f
P
5
0
%
h
h
i
d
d
5
t
t
a
m
e
n
o
o
e
p
c
a
s
e
p
c
e
e
e
e
o
y
u
r
r
r
r
r

3
i
b
1.
0
%
t
M
E
+
e
a
s
a
o
y
r
u
r
r
€
7
5
b
d
i
d
d
b
d
b
h
l
l
t
t
t
t
t
m
n
s
o
n
a
e
e
g
a
n
e
e
s
e
e
s
a
s
u
r
r
y
r
y

h
f
3
b
0.
9
%
i
t
5
t
M
E
i
+
n
e
c
o
m
p
a
n
y
o
r
y
e
a
r
s
a
u
r
o
r
4 i
h
i
i
h
R
t
t
t
g
p
o
n
n
e
l
i
i
C
t
t
E
E
c
c
e
o
n
e
s
n
y
v		 L
f
d
l
i
C
E
E
i
i
-t
t
t
t
t
o
n
g
e
m
n
a
m
e
n
a
s
n
e
m
a
n
a
a
c
e
r
u
r
r
v

O
i
k
/
i
l
b
l
h
t
t
t
t
t
t
n
a
s
e
n
p
e
s
p
e
c
e
c
e
n
e
e
a
e
a
n
r
r
u
r
r
v
u
r
r
y
r
v
u

i
G
A
t
o
e
m
n
u
s
r
a
r
r
a
y
5 i
i
F
t
t
t
a
s
n
e
g
r
a
o
n
d
i
i
b
l
t
a
n
v
s
e
c
o
s
d
i
t
e
o
r
u
c
n
s		 E
l
i
i
l
h
d
d
i
V
i
h
i
h
t
o
p
o
s
s
a
s
o
e
a
q
a
e
e
n
e
n
n
a,
c
u
r
u
r
r
w

i
i
f
i
l
f
i
l
i
i
i
t
t
t
t
t
g
n
n
e
n
e
g
o
n
s
c
a
y
a
c
a
s
r
a
S
i
f
i
l
l
l
f
d
b
k
f
f
i
t
n
e
g
e
s
o
m
m
e
g
n
g
o
a
p
a
o
m
s
a
n
a
o
e
y
r
r
r
c
r
c
c

f
t
i
u
n
c
o
n
s
6 l
l
i
E
R
t
t
t
x
c
e
e
n
e
p
u
a
o
n
d
C
t
a
n
o
r
p
o
r
a
e
G
o
e
e
v
r
n
a
n
c		 C
l
l
i
i
b
k
d
i
d
h
b
t
E
e
n
o
p
o
s
s
a
a
n
a
n
s
p
e
s
e
a
s
s
u
r
r
y
u
r
u
r
v
u
c
y

h
l
h
t
t
A
t
i
t
i
t
i
e
r
e
e
v
a
n
u
s
r
a
n
a
u
o
r
e
s
l
h
h
d
L
t
i
t
i
i
t
E
B
R
D,
A
X
A
U
i
o
n
g
a
s
n
g
p
a
r
n
e
r
s
p
s
w
a
n
n
o
n

Europolis is an excellent fit with CA Immo and a key step to improve profitability

New Regional Strategy:Focus on 5 Core Countries

  • Medium term exit of peripheral markets
  • Focus on Offices as an asset class
  • Careful approach regarding currently frozen developments

Poland

Standing assets: 10Market value: € 655 m Average Equivalent Yield: 7.1%Development Assets: € 34 m

Warsaw Financial Centre (50.000 m², € 92 m (for 50%), 6.9 %)

Saski Crescent (15.000 m², € 64 m, 6.7 %)

Lipowy Office Park (39.000 m², € 105 m, 6.4 %)

9Note: Yields refer to Equivalent Yields

Poland (cont'd)

Standing assets: 10Market value: € 655 m Average Equivalent Yield: 7.1%Development Assets: € 34 m

Blonie Logistics Park (138.000 m², € 74 m, 8.0 %)

Poleczki Business Park (Phase 1: € 45 m, 7.7 %;

Sienna Center (20.000 m², € 57 m, 7.5 %)

Bitwy Warszawskiej (20.000 m², € 56 m, 7.0 %)

Saski Point (8.000 m², € 33 m, 6.8 %)

Czech Republic

Standing assets: 11Market value: € 447 m Average Equivalent Yield: 7.9 %Development Assets: € 9 m

Amazon Court(23.000 m², € 50 m, 7.25%)

Kavci Hori (43.000 m², € 81 m, 8.0 %)

Olympia Centre Teplice (32.000 m², € 51 m, 8.0 %)

Danube House (21.000 m², € 56 m, 7.0 %)

Olympia Centre Boleslav (22.000 m², € 39 m, 7.9 %)

Hungary

Standing assets: 12Market value: € 409 m Average Equivalent Yield: 8.5 %Development Assets: € 12 m

Capital Square

IP West

(32.000 m², € 70 m, 7.9 %)

Park Aerozone (Logistics) (64.000 m², € 54 m, 8.9 %)

City Gate(24.000 m², € 42 m, 8.7 %)

Bartok Haz

(17.000 m², € 39 m, 7.8 %)

M1 Logistics Park(69.000 m², € 36 m, 9.5 %)

Romania

Standing assets: 9Market value: € 382 m Average Equivalent Yield: 8.3 %Development Assets: € 62 m

Bucharest Alpha Logistics Park (158.000 m², € 97 m, 8.0 %)

River Place(48.000 m², € 99 m, 8.0 %)

Bucharest Business Park (26.000 m², € 59 m, 9.0 %)

Europe House(14.000 m², € 47 m, 7.5 %)

DEVELOPMENT PROJECTS

Germany:Focus on City Quarter Developments

CA Immo covers full development-value chain

Existing on-balance sheet land bank is basis for further profitable growth

Reduction in Development Exposure due to Sales and Completions

31.12.2010

Update Development Pipeline

Under Construction Germany

To
n
w		 j
Pr
t Na
o
ec
m
e		 Ty
p
e		 S
ha
re in
%		 Ke
Te
t o
y
na
n
r
Pa
tn
r
er		 Pr
j
t Vo
o
ec
1) €m
lu
m
e		 kv
lu
Bo
o
a
e
3
/
2
/
0
1
1
1		 Re
in
in
g in
m
a
t- m
ve
s
ts
en		 b
le
Le
ta
Ar
ea
in
²
m		 %
p
re
-
le
t		 S
f c
ta
t o
r
on
-
io
tr
t
s
uc
n		 de
d
In
te
n
le
io
t
co
m
p
n
k
fur
Fra
t
n		 To
r 1
8
5
we		 f
fic
O
e		 1
0
0
%		 lea
h PW
Pre
it
se
w
C		 €
4
6
0		 €
3
15
(
he
f €
t
reo
de
lop
11
5
nts
ve
me
,
€
2
0
0 s
d
ing
tan
)
ts
as
se		 €
1
21		 1
0
0,
5
0
0 s
q
m		 6
3
%		 d H
sta
rte
2
2
0
0
8		 / H1
H
2
2
0
1
0
2
0
1
2
h
Mu
nic		 S
ky
de
g
n
ar		 O
f
fic
e		 0
%
5		 JV
it
h
O
FB
w
lea
h P
Pre
it
WC
se
w		 1 (fo
€
6
r 50
%)		 €
2
5		 €
14		 3
3,
0
0 s
1
q
m		 %
5
7		 Q
'2
0
0
9
1		 2
2
0
H
11
nic
h
Mu		 b
ig
Am
on		 O
/ Me
f
fic
e
d
l
ica		 1
0
0
%		 Me
d
ica
l o
f
fic
e,
ke
t
su
p
er
ma
r		 €
2
5		 €
27		 €
2
8		 15
6
0
0 s
q
m
,		 %
47		 Q
1
'2
0
1
0		 d o
f
2
0
11
En
lin
Be
r		 lat
Eu
rop
ap
z		 f
fic
O
e		 1
0
0
%		 l
To
ta		 €
7
2		 €
25		 €
5
1		 14
2
0
0 s
(
kin
+p
q
m
ar
g
,
for
f
xt
sta
ne
g
e o
de
lop
)
nt
ve
me		 1
0
0
%		 Q
2
2
0
1
0		 d o
f
En
2
0
1
2
ly
de
io
Cu
Co
t
tr
t
en
un
ns
uc
n
rr
r		 €
6
4
5		 €
4
1
9		 €
2
1
4		 d
l
lu
Ex
Re
Va
€
4
1
te
ta
=>
p
ec
n
e:
m
~
d
U
n
e
r		 i
C
C
E
E
t
t
o
n
s
c
o
n
r
u
Wa
rsa
w		 lec
ki
Po
z
Bu
ine
s
ss
k,
Pa
r
P
ha
2
se		 O
f
fic
e		 0
%
5		 it
h U
JV
BM
w		 2
0-
25
(
for
)
5
0
%		 €
1
0
(
inc
lu
d
ing
ha
)
ini
rem
a
ng
p
se
s		 €
2
0
(
for
P
ha
se
2
)		 2
0.
8
0
0 m
²		 Q
2
0
0
4
1		 2
0
2
H1
1
lav
Br
at
is
a		 lus
BB
C
1 P		 f
fic
O
e		 1
0
0
%		 27
-3
0		 €
1		 €
25		 15
9
0
0 m
²		 Q
4
2
0
1
0		 Q
3
2
0
1
2
St
Pe
bu
ter
s
rg		 l
ko
Pu
vo
Air
ort
p		 l
/
Ho
te
O
f
fic
e		 3
%
5
(
at
ity
)
eq
u		 h W
JV
it
im
w
ar
p
ex
d
U
BM
an		 €
25		 (
~€
3
0
ro rat
p
)
a		 (
f
fic
),
21
0
0
0 m
²
O
1+
2
e
24
0
0
0 m
²
(
Ho
l
)
te		 2
0
0
8		 Q
4
2
0
11
~€
0
5		 ~€
7
5

1) Project Volume: Estimated total investment (land, construction cost, financing cost during construction, etc.) Note: Numbers are estimates - Changes to previous presentations due to projects in progress and changed market circumstances

Update Development Pipeline

S
t
t
a
r		 f
C
t
o
o
n
s		 i
t
r
u
c
o
n		 l
p
a
n		 d
f
2
0
1
1
n
e
o
r
To
w
n		 j
Pr
t Na
o
ec
m
e		 Ty
p
e		 ha
S
re in
%		 Ke
Te
t o
y
na
n
r
Pa
tn
r
er		 j
t Vo
Pr
o
ec
1) €m
lu
m
e		 kv
lu
Bo
o
a
e
/
/
3
1
1
2
1
0		 in
in
Re
g in
m
a
t- m
ve
s
ts
en		 b
le
Le
ta
Ar
ea
in
²
m		 %
p
re
-
le
t		 f c
S
ta
t o
r
on
-
io
tr
t
s
uc
n		 de
d
In
te
n
le
io
t
co
m
p
n
fur
Fra
k
t
n		 ky
lin
S
e P
laz
a		 l, Co
Re
ta
i
s Ce
ng
res
nte
r		 5
0
%		 JV
it
h E
CE
w		 7 (fo
€
1
6
r 50
%)		 9 (fo
€
2
r 50
%)		 €
1
3
8		 5
1,
0
0
0 s
q
m		 ~3
0
%		 H1
2
0
11		 H1
/
H
2
2
0
1
3
lin
Be
r		 Int
ity
erc
Ho
l
te		 l
Ho
te		 1
0
0
%		 be
St
ig
e
en
rg
er		 €
4
9		 €
11		 €
4
9		 2
2,
5
5
0 s
q
m		 1
0
0
%		 H1
2
0
11		 H1
2
0
1
3
lin
Be
r		 MB
H
Q		 f
fic
O
e		 1
0
0
%		 de
Me
s B
rce
en
z		 €
7
0		 €
0		 €
7
0		 3
3,
3
0
0 s
q
m		 1
0
0
%		 H
2
2
0
11		 H1
2
0
1
3
Ba
le
s		 len
tt- Ga
Er
ma
ler
ie		 ho
S
p. Ce
ntr
e		 % (Int
5
0
ion to r
ent
edu
ce t
o
30%
)		 h
JV
it
w
Mu
lt
i
de
lop
nt
ve
me		 €
6
8
(fo
r 50
%
)		 €
15		 €
5
3		 3
5,
9
0
0 s
q
m		 2
0
%		 H
2
2
0
11
(
b.c
)
t.		 H1
2
0
1
3
S f
ta
t o
Co
r
ns		 io
tr
t
uc
n		 in
2
0
1		 1 €
4
0
2		 €
6
5		 8
€
3
4		 d
Ex
te
Re
=>
p
ec
n		 l
ta
Va		 lu
8m
€
2
e:
~

1) Project Volume: Estimated total investment (land, construction cost, financing cost during construction, etc.) Note: Numbers are estimates - Changes to previous presentations due to projects in progress and changed market circumstances

Frankfurt Europaviertel

Frankfurt: Development Progress Tower 185

Frankfurt Skyline Plaza: Building Permit Obtained, Start of Construction 2011

Berlin, Intercity Hotel at Lehrter Bahnhof (Europacity)

Start of construction in 201122

Under construction: Tour TOTAL at the Lehrter Bahnhof in Berlin

Start of construction 2011: Mercedes Benz Distribution Headquarter, Berlin

Vienna: Redevelopment Lände 3

Lände 3: Planned steps for 2011

In total ~175,000 sqm of space rented in 2010

L
i
S		 2
0
1
0		 Ge
rm
an
y		 ia
Au
tr
s		 /
C
E
E
S
E
E		 l
To
ta
s
q
m
1
0
0.
0
0
0
9
0.
0
0
0		 t
t
e
n
g
c
u		 c
e
s
s		 b
le
Le
t
ta
ar
ea
/
/
(
)
3
1
1
2
2
0
0
9
sq
m		 7
1
6,
5
7
0		 3
7
7,
6
0
0		 2
8
8,
1
7
0		 1,
3
8
2,
3
4
0
8
0.
0
0
0		 d
R
e
d
u
e		 i
t
u
c
o
n
t
o
r
e		 Va
En
d
f
ca
nc
y
o
2
0
0
9		 3
%		 9
%		 1
9
%		 8
%
7
0.
0
0
0
6
0.
0
0
0		 l
e
a
s
G
A		 P
t
t
e
o
o
s		 b
le
Le
t
ta
ar
ea
3
1
/
1
2
/
2
0
1
0
(
)
sq
m		 7
0
8,
7
4
0		 3
6
0,
7
6
0		 3
1
9,
5
7
0		 1,
3
8
9,
0
7
0
5
0.
0
0
0
0.
0
0
0
4		 Le
t
t
in
in
2
0
1
0
g
s
1)
d
in
in
ta
s
n
g
v.
(
)
sq
m		 3
2,
0
4
4		 3
0,
0
8
0		 6
6,
0
4
7		 1
2
8,
9
9
0
3
0.
0
0
0
2
0.
0
0
0		 A
d
d
i
io
l
le
in
t
t
t
na
g
s
f
fe
iv
in
2
0
1
1
t
e
c
e
(
)
sq
m		 - 3
1,
9
3
0		 - 3
1,
9
3
0
1
0.
0
0
0
0		 Ge
rm
an		 Au
tr
ia
s		 C
/
S
E
E
E
E		 le
in
f
Pr
t
t
e-
g
s
o
de
lo
t
ve
p
m
en
(
)
j
ts
p
ro
ec
sq
m		 ~4
1,
0
0
0		 ~5
0
0
0
,		 - ~4
6,
0
0
0
V y
/
/
3
1
1
2
2
0
0
9
a
c
a
n
c
y		 /
V
3
1
a
c
a
n
c
y		 /
1
2
2
0
1
0		 d
f
Va
En
ca
nc
o
y
2
0
1
0		 3
%		 2)
6
%
1		 %
1
4		 %
1
1

2010 leases for ~129,000 sqm of space were finalized for standing investments

Additionally pre-lettings of ~46,000 sqm for development projects signed

2010 HIGHLIGHTS

Acquisition of 100 % stake in Europolis AG Successful Merger between CA Immo International and CA Immobilien Anlagen AG Significant progress in project development Platform Significantly Strengthened-2010: Operative and Financial Targets Met (ongoing construction, planning permissions)More than 120,000 sqm new leases for standing investments obtained (incl. Post AG, Vienna) Sales Volume > € 300m, significant profit 29Operational Performance on TrackHighest EBIT ever, clearly positive Net Result Financial Targets Met--

2010: Back to Black

i
€
n
m		 2
0
1
0		 2
0
0
9		 h
C
%
g.
R
l
I
t
e
n
a
n
c
o
m
e		 6
3
1
4		 0
1
7
7.		 %
-7
1
f
l
f
d
I
i
i
t
t
n
o
m
e
o
m
e
o
n
g
p
o
p
e
e
c
r
s
a
r
a
r
r
s		 1
1
5.
7		 7
8
0		 4
8
2
%
d
O
i
t
t
t
t
t
p
e
a
n
g
c
o
s
s
p
a
s
s
e
o
n
o
e
n
a
n
s
r		 3
0.
2		 2
9
1		 3.
7
%
G
R
r
o
s
s
e
v
e
n
u
e
s		 3
1
3
0		 2
8
8
7		 8
4
%
d
l
l
d
E
i
t
t
t
t
i
x
p
e
n
s
e
s
r
e
c
y
r
e
a
e
o
p
r
o
p
e
r
e
s		 -3
5.
5		 -3
5.
0		 1.
5
%
k
l
f
d
i
i
B
t
t
o
o
v
a
u
e
o
r
a
n
g
p
r
o
p
e
r
e
s		 -8
6
5.		 -6
8
2		 2
6
%
5.
i
N
I
t
t
e
o
p
e
a
n
g
n
c
o
m
e
r		 1
6
9
4		 1
6
0
4		 0.
6
%
l
f
l
f
l.
R
i
t
t.
t
e
s
o
m
s
a
e
o
p
o
p
e
e
s
u
r
r
r		 3.
4		 9
2		 -6
2.
9
%
d
f
l
d
I
i
E
i
i
t
t
t
n
e
c
p
e
n
s
e
s
n
e
o
c
a
p
a
e
r
x
z
i
s
e
r
v
c
e
s		 -3
5.
5		 -3
9
6		 -1
0.
3
%
O
h
I
t
e
r
o
p.
n
c
o
m
e		 6.
5		 8
3		 -2
0.
8
%
E
B
I
T
D
A		 1
3
9
4		 1
1.
9
4		 -1
8
%
l
/
/
R
i
I
i
D
t
t
e
a
a
o
n
m
p
a
m
e
n
s
e
p
v
u
r
r.		 4
6.
7		 -1
2
9
1		 n.
m
E
B
I
T		 1
8
3
3		 3
0		 1
0
0
%
>
C
F
i
i
t
n
a
n
c
n
g
o
s		 -1
1
7.
4		 -1
0
8
4		 8
3
%
h
i
i
l
l
t
F
R
t
o
e
r
n
a
n
c
a
e
s
u		 9
9		 -2
9
1		 n.
m
E
B
T		 8
7
5		 3
-1
4
5		 n.
m
T
i
a
e
s
o
n
n
c
o
m
e
x		 -3
1.
9		 -0
2		 n.
m
M
i
i
i
t
n
o
e
s
r		 -1
6		 -5
7.
8		 -9
7.
2
%
(
f
i
i
i
)
N
t
I
t
t
e
n
c
o
m
e
a
e
r
m
n
o
r
e
s		 4
5
4		 -7
6
9		 n.
m

2010 Highlights

  • Reduction in rental income due to sales during 2009 in line with guidance
  • Positive impact of property sales both in sales result as well as in revaluation result
  • Highest EBIT ever
  • High tax rate as sale and revaluation profits mainly taxable, while many negative charges are not

Revaluation Result based on Tangible Facts

l
i
R
t
e
a
a
o
n
v
u
i
A
t
u
s
r
a
:
€
1
8
4
m		 l
l
d
d
D
i
2
0
1
0
€
6
9
t
e
o
s
a
e
s
c
o
s
e
n
g
m
u
u
r
:

l
d
b
l
d
D
€
0
6
t
t
t
t
u
e
o
s
a
e
s
a
g
r
e
e
u
n
o
y
e
c
o
s
e
:
m

,
h
(
l
d
)
O
i
€
1
0
9
t
t
e
r
r
e
a
s
o
n
s
y
e
s
r
e
n
s
:
m

,		 l
i
R
t
e
a
a
o
n
v
u
G
e
m
a
n
r
y
:
€
4
0
7
m		 l
l
d
d
2
0
0
€
8
D
i
1
7
t
e
o
e
o
e
n
g
m
u
s
a
s
c
s
u
r
:

l
d
b
l
d
€
2
0
D
t
t
t
t
1
e
o
s
a
e
s
a
g
e
e
n
o
e
c
o
s
e
m
u
r
u
y
:

,
f
i
l
l
i
8
€
0
D
t
t
t
T
1
5
1
7
e
o
p
a
a
c
o
m
p
e
o
n
o
o
e
m
u
r
w
r
:

O
h
(
i
l
d
)
€
3
9
t
t
e
e
a
s
o
n
s
e
s
e
n
s
m
r
r
y
r
:

,		 f
i
t
p
o
s
a
e
r
r
b
d
a
s
e
o
n
i
b
l
t
a
n
g
e
f
t
a
c
s
/
C
E
E
S
E
E
:
€
1
2
4
m
-		 l
d
€
P
1
7
7
+
o
a
n
m
:

l
€
2
2
6
H
t
o
e
s
m
:

-
O
h
(
l
d
)
€
i
7
5
t
t
e
e
a
s
o
n
s
e
s
e
n
s
m
r
r
y
r
:

-
,

Details on Standing Assets CEE/SEE

i
R
e
g
o
n		 i
i
i
A
t
c
q
s
o
n
u
(
€
)
t
c
o
s
s
m		 k
l
B
o
o
a
e
v
u		 R
e
a
v
2		 l
i
t
a
o
n
u
0
0
1		 i
i
G
I
t
o
s
s
n
r		 l
i
l
d
Y
a
e		 i
l
i
l
d
E
Y
t
q
a
e
n
e
u
v
3
1.
1
2
2
0
1
0		 3
1.
1
2
2
0
1
0		 2
0
0
9		 2
0
1
0		 2
0
0
9		 2
0
1
0
i
€
n
m		 i
€
n
m		 i
€
n
m		 i
%
n		 i
%
n		 i
%
n		 i
%
n		 i
%
n
l
d
P
o
n
a		 9
2.
9		 1
1
5.
5		 1
3.
1		 1
2.
8
%		 6.
6
%		 6.
8
%		 7.
7
%		 7.
0
%
l
k
S
i
o
v
a
a		 2
0.
0		 9
5		 0.
3		 3.
3
%		 8
6
%		 9
4
%		 0.
0
%
1		 9
6
%
H
n
g
a
u
r
y		 2
1
7.
1		 1
9
2.
1		 1.
3		 0.
7
%		 6.
2
%		 6.
7
%		 8
0
%		 8
1
%
h
b
l
C
R
i
e
e
p
z
c
u
c		 8
7.
4		 5
7.
9		 1
8
2		 2
3.
9
%		 9
3
%		 1
1.
8
%		 8
6
%		 8
8
%
C
E
E		 4
1
7
4		 3
7
5
0		 –
3
5
–		 –
0
9
%
–		 7
0
%		 7
6
%		 8
1
%		 7
9
%
R
i		 9
1.
5		 9
0.
3		 0.
5		 0.
6
%		 9
9
%		 9
8
%		 9
3
%		 9
1
%
o
m
a
n
a
l
B
i		 2
8
5.		 9
1
7		 2.
5		 %
1
1.
4		 0.
%
1
7		 2.
%
1
1		 9
3
%		 9
2
%
u
g
a
r
a
b
S
i
e
a
r		 3.
1
1
5		 9
2.
6		 –
2.
7		 –
3.
0
%		 %
5.
7		 6.
%
1		 9
2
%		 9
1
%
S
l
i
o
v
e
n
a		 6.
4
1		 9
9
1		 2
4		 3
%
1
7.		 9
2
%		 %
7.
7		 9
1
%		 9
3
%
S
E
E		 2
6
9
7		 2
2
2
5		 –
3
5
–		 –
6
%
1.
–		 8
2
%		 8
3
%		 9
2
%		 9
1
%
f
l
i
i
k
P
L
t
o
o
o
e
r
-
1
)
f
i
k
L
o
r
e		 6
9
4
3		 5
9
7
5		 7
0
–		 1.
2
%
–		 7
4
%		 8
7
%		 8
5
%		 8
4
%
l
B
i
u
g
a
r
a		 2
6.
1		 2
6.
0		 8
4		 2
3
%
4		 3
%
1.
l
d
P
o
a
n		 0.
8
4		 4
5.
5		 –
6
4		 –
%
1
1.
4		 0
%
5.		 %
7.
7
R
i
o
m
a
n
a		 3.
6
1		 8
5		 2
1.		 2.
%
1
5		 8
2
%		 0.
0
%
1
i
N
P
t
e
w
r
o
p
e
r
e
s		 8
0
5		 8
0
1		 –
0
5
–		 –
8
%
5
–		 2
%
4
T
l
t
o
a		 7
7
4
7		 6
7
7
6		 1
2
0
–		 1.
7
%
–		 7
4
%		 7
4
%

Hotels

Combined Debt Expiry Profile incl. Europolis

Financial Guidance 2011

APPENDIX

BACKUPACQUISITIONOF EUROPOLIS

Portfolio Focused on "Core CEE" Countries

f
l
i
i
(
f
)
K
P
M
D
3
1
2
0
0
9
t
t
e
o
o
o
e
c
s
a
s
o
e
c
y
r
r
T
l
P
V
l
t
t
o
a
r
o
p
e
r
y
a
u
e
:		 €
1,
5
0
4
m
n
he
f a
de
de
lop
T
ts
t:
re
o
ss
e
un
ve
m
en
r		 €
1
1
4
m
n
V
R
t
a
c
a
n
c
y
a
e
:		 1
8
%
~
A
l
i
d
R
l
I
t
n
n
u
a
z
e
e
n
a
n
c
o
m
e
:		 €
1
0
0
m
n
~
G
i
i
l
i
l
d
I
t
Y
r
o
s
s
n
a
e
:		 2
%
7
~
l
b
l
T
L
A
t
t
t
o
a
e
a
e
e
a
r
:		 0
0
0
0
1,
5
4,
s
q
m

Note: Russian Assets will remain with the seller

Strong Partnerships with EBRD, AXA and Union

EBRD (E1, E2, E3)

  • Partner since 2001
  • Initially focus on developmentsUnion (C1)
  • Acquired stake in C1 portfolio in 2005 (transferred from E1 portfolio)
  • Long term hold strategyAXA (P1)
  • Acquired stake in September 2006

Management Agreements

  • Partnerships are based on Investment- and Management Agreements
  • Europolis receives an annual management fee for its services

*) Includes only assets in fully consolidated subsidiaries

Well Diversified Blue Chip Tenant Base

Group Rental
Income p.a.		 Rental
Area		 Parking
Lots
Tenant Name Sector in $\epsilon$ k $\frac{6}{9}$ sqm $\frac{6}{9}$ #
Pekao S.A Financial Services 6,931 7% 39,110 4% 480
Ahold CZ Food Retail 4,154 4% 33,179 3% $\Omega$
NSN Technology 3,434 3% 24,028 2% 372
Deloitte Financial Services 2,332 2% 11,332 1% 126
Carrefour Food Retail 2,183 2% 44,890 4% 20
IBM Technology 2,144 2% 12,509 1% 186
Csemege A Logistics 2,127 2% 30,260 3% 84
Orange Telecommunication 1,872 2% 7,517 1% 56
Delamode Logistics 1,245 1% 22,615 2% 28
British American Shared
Services Europe S.R.L.		 Financial Services 1,110 1% 5,449 1% 85
Wüstenrot Financial Services 1,090 1% 5,989 1% 51
OTZ Logistics 1,088 1% 19,469 2% 40
Total of Top 12 Tenants 29,710 29% 256,347 24% 1,528

Top Tenants – Group Maturity of Lease Terms – Group

Balance Sheet StructureEuropolis

gearing of Europolis:

  • Extension of debt maturities as part of the transaction structure (see following pages)
  • Most of the debt is ringfenced on asset levels, no recourse to parent company
  • Reduction of B/S size by selective disposals of assets over the next 18 months
  • Differences to reported Europolis B/S as of 31/12/09 mainly due to carve out of bank segment and Russian assets, which are kept by the seller

Total Assets: € 1,771 mn

Transaction Structure Optimizes Return on Equity for CA Immo

h
i
P
P
r
c
a
s
e
r
c
e
u
:		 €
2
7
2
f
1
0
0
%
f
h
E
i
f
E
l
i
A
G
t
t
m
n
o
r
o
e
q
u
y
o
u
r
o
p
o
s
P
T
t
a
m
e
n
e
m
s
y
r
:		 5
0
%
l
i
t
a
c
o
s
n
g

d
f
d
f
b
5
0
%
5
3
M
E
i
1.
0
%
t
+
e
e
e
o
e
a
s
a
o
r
r
r
y
r
u
r
r
d
l
i
E
C
t
p
e
c
e
o
s
n
g
x
D
t
a
e
:		 l
l
b
h
f
l
d
J
1
2
0
1
1
Q
1
2
0
1
1
i
i
i
i
t,
t
t
t
n
>
e
e
q
e
n
n
g
a
u
a
r
y
s
w
r
s
u
a
r
r
c
u

=
b
f
i
N
P
V
t
e
n
e
l
E
i
o
p
o
s
u
r
f
h
h
l
F
t
E
t
u
r
e
r
e
m
e
n
s
:		 t
o
e
s
e
m
e
a
s
r
e
s
u
€
7
5
b
d
i
d
d
b
d
b
h
l
l
i
l
l
i
h
t
t
t
t
t
t
m
n
s
u
o
r
n
a
e
e
g
r
a
n
e
y
e
s
e
e
r
w
s
a
y
n
e

l
t
e
o
q
u
a
f
b
5
3
M
E
i
0.
9
%
t
+
c
o
m
p
a
n
o
e
a
s
a
o
y
r
y
r
u
r
r
l
l
d
l
k
f
h
h
C
A
I
i
i
i
€
4
0
t
t
t
+
m
m
o
m
m
e
a
e
m
a
e
a
p
e-
p
a
m
e
n
o
e
c
a
s
w
y
r
y
m
n

~
h
i
h
i
h
i
l
l
i
f
6.
3
%
i
l
l
i
t
t
1
t
p
u
r
c
a
s
e
p
r
c
e,
w
c
w
e
a
r
n
n
e
r
e
s
o
u
n
c
o
s
n
g
f
S
l
l
d
d
h
i
i
l
l
l
d
b
h
i
t
t
t
t
t
t
e
e
r
a
g
r
e
e
o
e
x
e
n
e
m
a
u
r
e
s
o
a
o
a
n
s
g
r
a
n
e
y
m

f
i
t
o
e
e
a
s
v
y
r
T
i
t
r
a
n
s
a
c
o
n
l
l
l.
M
t
i
i
u
p
e
n
c
f
i
N
P
V
B
t
e
n
e
s
:
0
7
5
N
A
V
x
~
,		 2
%
5
1
2
%
D
i
t
i
D
t
s
c
o
n
u
s
c
o
u
n
4
0
3
1
0
2
7
2
2
3
2
d
l
H
i
N
P
V
E
i
E
i
t
e
a
n
e
c
o
n
o
m
c
q
u
y
h
f
h
l
P
B
i
P
E
i
t
u
r
c
a
s
e
e
n
e
s
u
r
c
a
s
e
u
r
o
p
o
s
P
i
P
i
c
e
c
e
r
r

BACKUPFINANCIALS

2010 P & L by Segment

S d
in
In
ta
n
g		 tm
ts
ve
s
en		 Tr
d
in
a
g		 D
lo
t
ev
e
p
m
en
in
€
i
l
l.
m		 A
ia
tr
us		 G
er
m

an
y		 C
/ S
E
E
E
E		 To
l
ta		 G
er
m
an
y		 A
ia
tr
us		 G
er
m
-
an
y		 C
/ S
E
E
E
E		 To
l
ta		 G
ro
up
To
l
ta
l
Re
In
ta
n
co
m
e		 3
9.
0		 6
2.
5		 4
5.
5		 1
4
7.
1		 7.
8		 0.
0		 9.
4		 0.
0		 9.
5		 1
6
4.
3
D
ire
N
t p
ty
t
+
c
ro
p
er
e
xp
en
se
s
e
in
t
ts
op
er
a
g
co
s		 6.
2
-		 7.
8
-		 8.
9
-		 2
3.
0
-		 1.
9
-		 0.
2
-		 6.
2
-		 0.
3
-		 6.
6
-		 3
1.
5
-
(
N
in
In
l.
t o
t
e
p
er
a
g
co
m
e
ex
c
)
le
ty
p
ro
p
er
sa
s		 3
2.
8		 5
4.
7		 3
6.
6		 1
2
4.
1		 5.
8		 0.
1
-		 5.
4		 0.
3
-		 5.
0		 1
3
4.
9
NO
%
of
tal
I in
inc
ren
om
e		 84.
1%		 87.
5%		 80.
4%		 84.
4%		 75.
1%		 n.m n.m n.m n.m 82.
1%
Re
l
f.
le
f p
ie
t
t
su
sa
o
ro
p
er
s		 1.
0		 0.
1		 0.
0		 1.
1		 3
0.
0		 0.
0		 2.
3		 0.
0		 2.
3		 3
3.
4
(
1)
Co
ts
s		 7.
1
-		 2.
2
-		 9.
3
-		 1
8.
6
-		 0.
7
-		 0.
4
-		 1
3.
7
-		 2.
0
-		 1
6.
1
-		 3
5.
5
-
O
he
in
t
r o
p.
co
m
e		 0.
4		 0.
4		 2.
3		 3.
2		 0.
6		 0.
0		 2.
8		 0.
0		 2.
8		 6.
5
E
B
I
T
D
A
Ch
ang
e y
.o.y		 2
7.
1
-27
.2%		 5
3.
1
9.2
%
-		 2
9.
6
2.7
%		 1
0
9.
7
11.
8%
-		 3
5.
7
87.
1%		 0.
5
-
n.m		 3.
3
-
n.m		 2.
2
-
n.m		 6.
0
-
n.m		 1
3
9.
4
1.8
%
-
lu
io
Re
/
t
va
a
n
irm
/
Im
D
ts
p
a
en
ep
r.		 1
9.
4		 2.
4
-		 1
7.
3
-		 0.
3
-		 1.
2
-		 1.
8
-		 4
2.
5		 4.
8		 4
5.
4		 4
3.
9
E
B
I
T		 4
6.
5		 5
0.
7		 1
2.
3		 1
0
9.
5		 3
4.
5		 2.
4
-		 3
9.
2		 2.
6		 3
9.
4		 1
8
3.
3
in
ia
F
l
R
l
t
an
c
es
u		 1
6.
2
-		 3
7.
4
-		 2
7.
2
-		 8
0.
8
-		 0.
0		 0.
1
-		 2
4.
1
-		 2.
6
-		 2
6.
7
-		 1
0
7.
6
-
E
B
T		 3
0.
3		 1
3.
3		 1
4.
9
-		 2
8.
7		 3
4.
4		 2.
5
-		 1
5.
1		 0.
0		 1
2.
7		 7
5.
8
l
A
Re
Es
ta
te
ts
a
ss
e		 7
1
4.
4		 1,
3
3
8.
1		 6
7
7.
6		 2,
7
3
0.
1		 4
5.
3		 2
1.
6		 7
8
2.
4		 3
2.
7		 8
3
6.
8		 4
3
3,
6
1
2.
2

(1) Indirect costs net of capitalized services

Long Term Rent Expiry Profile Provides Stable Cash Flow Basis

Letting Success 2010 Significant new and pre-lettings in Germany and Austria Erdberger Lände: Leasing contract with Rent Expiry Profile (Group-level) as of December 31, 2010Post AG (~32,000 sqm) 41%7%39%13%Leasing 2010Austria Germany CEEDevelopments

Standing Portfolio

Sales ahead of target, focus on nonincome producing assets

Sales closed in 2010

h
f
i
S
t
o
n
a
s
p
o
w
r
f
l
i
P
&
L
o
a
e
r
m
s
s
n
I
€
n
m
n		 l
S
a
e
s		 k
B
o
o
l
a
e
v
u		 S
l
a
e
s
f
i
P
t
o
r		 l
R
t
i
e
v
a
u
a
o
n
i
2
0
1
0
n
f
l
d
t
o
a
s
s
e
s
s
o		 i
E
c
o
n
o
m
c
l
R
t
e
s
u		 i
M
a
r
g
n
o
v
e
r
k
l
B
o
o
a
e
v
u
d
f
l
T
i
P
i
t
r
a
n
g
o
r
o
o		 1
1
5
7		 (
8
8
)
4		 3
0
9		 3
0
9		 3
6
%
4
L
P
i
t
t
o
n
g
e
r
m
r
o
p
e
r
e
s		 2
0
6
7		 (
2
0
3
3
)		 3
4		 1
4
7		 8
1
1		 8
3
%
3
2
2
4		 (
)
2
8
8
1		 3
4
3		 1
4
7		 4
9
0		 1
6
2
%
f
h
T
e
r
e
o
:
d
N
I
P
i
o
n
n
c
o
m
e
o
c
n
g
r
u		 2
3
1
1		 (
)
2
0
7
9		 2
3
2		 7
8		 3
1
0		 1
4
3
%
d
I
P
i
n
c
o
m
e
r
o
u
c
n
g		 9
1
3		 (
)
8
0
2		 1
1
1		 6
9		 1
8
0		 2
0
7
%
3
2
2
4		 (
)
2
8
8
1		 3
4
3		 1
4
7		 4
9
0		 1
6
2
%
h
f
T
e
r
e
o
:
i
A
t
u
s
r
a		 3
7
5		 (
3
6
)
5		 1
0		 6
9		 9
7		 1
8
2
%
G
e
r
m
a
n
y		 2
8
9
4		 (
2
6
)
5
1		 3
3
3		 8
7		 4
1
1		 8
%
1
5
3
2
2
4		 (
2
8
8
)
1		 3
3
4		 1
4
7		 9
0
4		 6
2
%
1

45

High tax rate mainly due to profitable sales in Germany

€
m		 i
A
t
u
s
r
a		 G
e
r
m
a
n
y		 C
/
S
E
E
E
E		 l
T
t
o
a
b
l
T
i
a
x
a
e
n
c
o
m
e		 2
0
6		 8
8
8		 0
1
4		 2
1
5
1
l
T
a
o
s
s
e
s
x		 (
)
8
6
2		 (
)
2
5
3		 (
)
1
7
5		 (
)
1
2
9
0
l
T
t
a
r
e
s
x
u		 (
)
6
0
2		 6
3
4		 (
)
7
1		 (
)
3
8
l
A
t
t
c
u
a
a
x		 (
0
2
)		 (
2
3
6
)		 (
2
)
1		 (
2
9
)
5
  • Tax expense mainly due to profit from sales in Germany, as local tax bookvalues of assets sold are considerably lower than IFRS fair values
  • This also applies to cash tax expense
  • Going forward, difference between Fair Values and (historic) tax bookvalues should decrease as own developments make up larger share of property sales
  • With Europolis, higher relative contribution from lower tax CEE/SEE segment will further decrease overall effective tax rate

Details on Interest Rate HedgingSituation

The net-nominal value of all hedge instruments and fixed rate liabilities is equal to ~98% of the financial liabilities

NAV/Share Growth of +4.6% helped by CA II Transaction

in
€
m		 3
2.
0
1.
1
1		 3
2.
0
9
1.
1		 C
ha
ng
e
In
ie
t
t
t
ve
s
m
e
n
p
ro
p
er
s		 2,
7
1
6.
2		 2,
4
0
9.
6		 1
3
%
d
d
lo
Pr
t
ie
t
o
p
er
n
er
ev
e
p
m
e
n
s
u		 9
0.
6
7		 9
6
2.
5		 (
8
%
)
1
d
Ow
ie
t
n
u
s
e
p
ro
p
er
s		 1
3.
6		 1
4.
2		 (
)
5
%
l
Do
Pa
Eu
is
t
w
n
y
m
e
n
ro
p
o		 1
3
6.
2		 0.
2		 n.
m
he
l.
O
t
t.
t
r
a
s
s
e
s		 1
2
5.
4		 1
4
1.
8		 (
)
1
2
%
Pr
ie
in
d
d
fo
d
in
t
t
tr
o
p
er
s
e
n
e
r
a
g		 4
5.
3		 1
2
2.
9		 (
6
3
%
)
ie
he
l
d
fo
le
Pr
t
o
p
er
s
r s
a		 6.
4
5		 6.
0		 6
3
%
7
h
C
i
ie
t.
t
+
a
s
s.
s
e
cu
r
s		 3
5
8.
6		 5
0
4.
1		 (
)
2
9
%
he
O
t
t.
t
r s
a
s
s
e
s		 1
4
7.
0		 1
4
9.
3		 (
)
2
%
T
l
A
t
t
o
a
s
s
e
s		 4,
3
7
9.
5		 4,
3
1
0.
7		 2
%
S
ha
C
i
l
/
Re
/
Re
t
t.
re
a
p
a
s
er
ve
s
Ea
in
rn
g
s		 1,
6
4
1.
8		 1,
5
5
9.
0		 5
%
in
i
in
M
ty
t
t
or
er
e
s
s		 8.
2
1		 0.
2
1
7		 (
8
9
%
)
S
h
h
l
d
'
i
ty
a
r
e
o
e
rs
e
q
u		 1,
6
5
9.
9		 1,
7
2
9.
2		 (
4
%
)
%
of
b/s
tal
Eq
uit
in
to
y		 37
.9%		 40
.1%		 (
6%
)
l.
f
l
l
b
l
/
b
d
t.
in
ia
ia
i
i
t
ie
a
nc
s
o
n
s		 8
8
8.
3
1,		 8
2.
2
1,
5		 2
%
O
he
l.
l
ia
b
i
l
i
ie
t
t.
t
r
s		 3
5
2.
8		 3
4
7.
4		 2
%
f
l
l
b
l
t.
in
ia
ia
i
i
t
ie
s.
a
nc
s		 2
3
6.
9		 1
2
4.
3		 9
1
%
he
l
b
l
O
ia
i
i
ie
t
t.
t
r s
s		 2
4
1.
5		 2
5
7.
6		 (
)
6
%
i
b
i
l
i
i
i
L
t
Eq
ty
+
a
e
s
u		 3
9.
4,
7
5		 3
0.
4,
1
7		 2
%

NAV Bridge

Equity 31.12.09CA II ConsolidationNet ProfitHedging Result Equity 31.12.10 Excercise of Convertible Diluted Equity 31.12.10

Funds from Operations (FFO)

€
m		 2
0
1
0		 2
0
0
9
b
f
b
f
N
i
i
i
i
t
t
t
e
n
c
o
m
e
e
o
e
a
e
s
e
o
e
m
n
o
e
s
r
x
r
r		 7
5
8		 1
3
4
5
-
i
i
d
i
i
D
t
t
t
e
p
r
e
c
a
o
n
a
n
a
m
o
r
s
a
o
n		 3
7		 0
1
4
l
l
R
t
i
t
e
v
a
u
a
o
n
r
e
s
u		 6
4
7
-		 2
9
1
1
h
f
l
f
l
f
l
d
i
i
t
t
t
t
e
r
e
o
r
e
s
u
r
o
m
r
e
v
a
u
a
o
n
o
s
o
p
r
o
p
e
r
e
s		 1
4
7		 8
5		 l
l
f
E
i
t
c
o
n
o
m
c
a
p
a
o
•
y
r
l
f
h
f
i
t,
t
s
a
e
s
p
r
o
e
r
e
o
r
e
d
d
d
b
k
a
e
a
c
/
l
F
i
i
o
r
e
g
n
c
u
r
r
e
n
c
y
g
a
n
o
s
s		 0
7
-		 2
6
-
C
A
E
i
i
t-
t
o
q
n
c
o
m
e
r
r.
u
y		 1
2		 8
3
l
f
f
l
V
i
i
i
i
t
t
t
a
a
o
n
o
n
a
n
c
a
n
s
m
e
n
s
u
r
u		 3
1		 2
8
5
d
f
i
b
f
F
O
t
t
n
s
o
m
p
e
a
o
n
s
e
o
e
a
e
s
u
r
r
r
x		 5
1
0		 4
7
7
i
d
T
a
x
e
s
p
a		 6
4
4
-		 1
2
2
-		 l
D
i
t
u
e
o
s
a
e
s
n
•
G
(
t
e
r
m
a
n
y
s
e
e
s
e
p
a
r
a
e
l
d
)
i
s
e
d
f
i
F
O
t
n
s
r
o
m
p
e
r
a
o
n
s
u		 6
4		 3
5
5

Contact details

Florian NowotnyHead of Capital MarketsTel.: (+431) 532 59 07 - 518E-Mail: [email protected]

Claudia HainzInvestor RelationsTel.: (+431) 532 59 07 - 502E-Mail: [email protected]

www.caimmoag.com/investor_relations/

DISCLAIMER

This presentation handout contains forward-looking statements and information. Such statements are based on our current expectations and certain presumptions and are therefore subject to certain risks and uncertainties.A variety of factors, many of which are beyond CA Immo's control, affect its operations, performance, business strategy and results and could cause the actual results, performance or achievements of CA Immobilien Anlagen Aktiengesellschaft to be materially different.

Should one or more of these risks or uncertainties materialise or should underlying assumptions prove incorrect, actual results may vary materially, either positively or negatively, from those described in the relevant forward-looking statement as expected, anticipated, intended, planned, believed, projected or estimated. CA Immo does not intend or assume any obligation to update or revise these forward-looking statements in light of developments which differ from those anticipated.

This presentation does not constitute an offer to sell, nor a request to purchase or apply for securities. Any decision to invest in securities publicly offered by an issuer should be made solely on the basis of the securities prospectus of CA Immobilien Anlagen Aktiengesellschaft and its supplements.

This information is not intended for distribution in or within the United States of America (USA) and must not be distributed or passed to "U.S. persons" as defined under Regulation S of the U.S. Securities Act of 1933 in its present form ("Securities Act") or to publications with a general circulation in the USA. This publication does not constitute an offer to sell securities in the United States of America. The securities mentioned herein are not and will not be registered in the United States of America according to the provisions of the U.S. Securities Act of 1933 in its present form and may only be sold or offered for sale where registered or excepted from the obligation to register. No public offer of shares will be made in the USA.

This document is intended only for persons (i) who are outside of the United Kingdom or (ii) possess sectoral experience of investments under the terms of Article 19 (5) of the U.K. Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (in its present form) (the "Order") or (iii) who are covered by Article 49 (2) (a) to (d) of the Order ("high net worth companies, unincorporated associations" etc.); all such persons are referred to in the following as "relevant persons". Those who are not relevant persons may not act on the basis of this document or its content or place their trust therein. All investments or investment activities referred to by this document are available only to relevant persons and are entered into only by relevant persons.

"This information is not intended for publication in the United States of America, Canada, Australia or Japan."

More from CA Immobilien Anlagen AG

Legal Proceedings Report 2026
Jan 8
Transaction in Own Shares 2026
Jan 8
Transaction in Own Shares 2025
Dec 30
Transaction in Own Shares 2025
Dec 30
Legal Proceedings Report 2025
Nov 26
Legal Proceedings Report 2025
Nov 26
Major Shareholding Notification 2025
Oct 21
Major Shareholding Notification 2025
Oct 21
Declaration of Voting Results & Voting Rights Announcements 2025
Aug 29
Share Issue/Capital Change 2025
Aug 29
View all filings →

Talk to a Data Expert

Have a question? We'll get back to you promptly.