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Immofinanz closes sale of the 26 per cent investment in CA Immo for 758 million Euro

Immofinanz has closed the package sale of its roughly 26 per cent investment in CA Immo to SOF-11 Starlight S.a r.l., a member company of the Starwood Capital Group (Starwood).

2018-09-27 14:11:07

The sale price for the package totals 757.9 million Euro. After the repayment of 250.0 million Euro in loans related to the investment, the net cash flow for Immofinanz amounts to approximately 507.9 million Euro.

As seen over the entire investment holding period, Immofinanz realised a total gain on sale of approximately 184.0 million Euro on its stake in CA Immo (including dividends and after the deduction of ancillary costs). That represents a total return on investment of roughly 30 per cent.

Immofinanz is a commercial real estate group whose activities are focused on the retail and office segments of seven core markets in Europe: Austria, Germany, Czech Republic, Slovakia, Hungary, Romania and Poland.

The real estate portfolio has a value of approximately 4.3 billion Euro and covers more than 220 properties.





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