CA Immobilien Anlagen AG

M&A Activity • Oct 13, 2014

publication: 13.10.2014 08:00 source: http://adhoc.pressetext.com/news/1413180000111 keywords: CA Immo / arrangement / logistics / easten europe

Adhoc announcement according to article 48d section 1 BörseG

CA Immobilien Anlagen AG: CA Immobilien Anlagen AG disposes of logistics assets in Eastern Europe

Vienna (pta008/13.10.2014/08:00) - CA Immobilien Anlagen AG announces that its negotiations regarding the sale of a logistics portfolio with c. 467,000 sqm total lettable space were concluded successfully. The transaction, which is still subject to contractual terms and regulatory approvals, comprises a logistics park in Romania (215,000 sqm), two standing assets in Poland (252,000 sqm) and almost 165 hectares of land for development, principally in Poland and Romania. The purchasing agreement was signed with P3, a specialist owner, developer and manager of European logistics properties. P3 is owned by shareholders TPG Real Estate and Ivanhoé Cambridge. The parties agreed that the financial terms of the transaction are not being disclosed. The assets are currently held in a joint venture between CA Immo and the European Bank for Reconstruction and Development (EBRD). After taking positive effects from the premature repayment of intra-group loans linked to the assets into account, the transaction will have a net neutral effect on the Net Asset Value (NAV) of CA Immo. The transaction is expected to be closed around year-end 2014. The real estate consulting company, Colliers International, and Allen & Overy, solicitors, acted as advisors to the vendor.

Dr. Bruno Ettenauer, CEO of CA Immo: "This transaction is a key achievement on our path to the successful implementation of our strategic program 2012-2015. The transaction enhances CA Immo's strategic portfolio focus on core-office assets and increases the operational efficiency of our investment platform. In addition, the sale will release equity in the significant amount of around EUR110m, which should be deployed in a value-accretive way for our shareholders and support our long-term profitability targets."

emitter:	CA Immobilien Anlagen AG Mechelgasse 1 1030 Wien Austria
contact person:	Mag. Christoph Thurnberger
phone:	(+431) 532 59 07 504
e-mail:	christoph.thurnberger@caimmo.com
website:	www.caimmo.com
ISIN(s):	AT0000641352 (share)
stock exchanges:	official trade in Vienna

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