CA Immo

CA Immo logo

CA Immo or CA Immobilien Anlagen is an Austrian real estate company with branch offices in Germany and CEE. Its core business involves leasing, managing and developing office buildings.[1][2] It operates in Central Europe. The company is based in Vienna with offices in Germany (Berlin, Frankfurt and Munich), and the respective capitals of Poland, Hungary, the Czech Republic and Romania.[3] As of October 2015, it is a member of the Austrian Traded Index (ATX), the index of the twenty largest companies traded on the Viennese stock exchange.[4]

It is involved with a number of large and notable buildings, including Tower 185, the Skyline Plaza complex in Frankfurt and the Europacity complex in Berlin.[5][6]

Portfolio

CA Immo holds property assets worth some €4 bn in the core markets (Austria, Germany, Hungary, Poland, the Czech Republic, and Romania). Germany is the biggest regional Segment with a Proportion of well above 40% of total property assets. As for asset classes, CA Immo is specialised in large, sustainable Office properties in the big cities (capitals); around 40% of the Office space under Management are certified according to LEED, DGNB or BREEAM standards.[7] Mainly in Germany, CA Immo is also active in the field of property and City quarter development. Large City quarters like the Europacity in Berlin[8] or the Europaviertel in Frankfurt (including the Office high rise Tower 185)[9] are developed by CA Immo.

Management

As of January 2016, Frank Nickel is CEO of CA Immo and thus responsible for corporate strategy, the operational real estate divisions as well as HR, IT and Corporate Communications. Dr. Hans Volkert Volckens is CFO of CA Immo since October 2016.[10]

History

The company was founded as part of the Creditanstalt-Bankverein, an Austrian commercial bank with close connections to the Austrian People's Party; Immo is short for Immobilien, German for property. In 2008, CA Immo took over Vivico Real Estate, a subsidiary of the Deutsche Bahn (German railways), including all non-operating plots and Brown fields of German Railways and local offices in Munich, Berlin and Frankfurt. Since 2008, CA Immo is one of the most active Office developers in Germany.[11]

A longstanding goal of CA Immo has been to merge with or take over its fellow ATX member Immofinanz. Merger negotiations failed in 2014, as did an takeover bid by CA Immo in spring 2015.[12][13][14][15] In August 2016, CA Immo´s core shareholder O1 Group, controlled by Russian property development billionaire Boris Mints and his son Dmitry,[16] sold its 26% stake in CA Immo to Immofinanz, an Austrian property investor, targeting a merger of the two companies.[17][18][19]

References

  1. ↑ "CA Immo Bloomberg". Bloomberg. Retrieved 9 November 2015.
  2. ↑ "CA Immo English factsheet" (PDF). CA Immo. Retrieved 9 November 2015.
  3. ↑ "CA Immo website". CA Immo. Retrieved 9 November 2015.
  4. ↑ "ATX Beobachtungsliste 10.15" (PDF). Wiener Börse. Retrieved 8 November 2015.
  5. ↑ "CA Immo company slide presentation (English)" (PDF). Retrieved 9 November 2015.
  6. ↑ Fahmy, Dalia. "Scruffy Berlin Tops Munich in Offices". Bloomberg. Retrieved 15 November 2015.
  7. ↑ "CA Immo Sustainability report" (PDF). www.caimmo.com. CA Immo. March 2016.
  8. ↑ "Europacity". www.caimmo.com. November 2016.
  9. ↑ "Europaviertel Frankfurt". www.caimmo.com. November 2016.
  10. ↑ Company Website
  11. ↑ "Project development in Germany 2016 - research". bulwiengesa.de. BulwienGesa. April 2016.
  12. ↑ Weber, Alexander. "Immofinanz Seeks CA Immo Stake in $572 Million Counterbid". Bloomberg. Retrieved 13 November 2015.
  13. ↑ Shields & Potter. "3-Property battle between CA Immo, Immofinanz fizzles out". Reuters. Retrieved 9 November 2015.
  14. ↑ Ostrowski, Rafal. "CA Immo fails in Immofinanz takeover bid". Eurobuild. Retrieved 9 November 2015.
  15. ↑ Shields & Potter. "Immofinanz sues CA Immo". Reuters. Retrieved 13 November 2015.
  16. ↑ "Forbes Profile: Boris Mints". Forbes. Retrieved 9 November 2015.
  17. ↑ Reuters: BRIEF-Immofinanz says talks with CA Immo on merger have started
  18. ↑ Weber, Alexander. "CA Immo, Immofinanz Cool Down Austrian Property Takeover". Bloomberg. Retrieved 9 November 2015.
  19. ↑ Khrennikov & Weber. "Dmitry Mints Says He Has No Plan to Combine CA Immo, Immofinanz". Bloomberg. Retrieved 13 November 2015.
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