euro adhoc: CA Immo International AG
other
CA Immo International: Financing
for Poleczki Business Park und Dunacenter secured
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
01.10.2008
Bank Austria granted a financing commitment regarding the project Poleczki Business Park in Warsaw in the amount of EUR 84mn. Additionally a financing agreement was signed with Bank Burgenland regarding the project "Dunacenter" in Györ/Hungary for an amount of EUR 11mn. This allows the implementation of both projects on a secure financial basis. Poleczki Business Park is a 50:50 joint venture between the CA Immo New Europe Property Fund (the project development fund of CA Immo International) and UBM Realitätenentwicklung AG. In the following 8 years the largest business-park in Poland will be developed on a 14 hectare plot close to the airport and the planned south-bypass of Warsaw. The total investment volume is estimated at EUR 250mn, of which the first phase is already under construction. The project "Dunacenter" is a planned shopping centre in Györ, Hungary. CA Immo New Europe Property Fund holds a 50% share in the project, which has total estimated investment costs of EUR 18mn.
end of announcement euro adhoc
Further inquiry note:
CA Immo International AG
www.caimmointernational.com
Mag. Claudia Hainz
Tel.: 01/532 59 07-502
eMail: hainz@caimmointernational.com
Mag. Florian Nowotny
Tel.: 01/532 59 07-518
eMail:nowotny@caimmointernational.com
Branche: Real Estate
ISIN: ATCAIMMOINT5
WKN: A0LBUV
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market