euro adhoc: CA Immobilien Anlagen Aktiengesellschaft
other
OFFICE BUILDING
IN MUNICH SUCCESSFULLY SOLD - FINANCING AMOUNTING TO EUR 254 M SECURED FOR
DEVELOPMENT PROJECT IN FRANKFURT
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
08.03.2009
Vienna, 9 March 2009. Despite the generally unfavourable conditions on the property markets negotiations for the sale of ATMOS office building in Munich, which was completed in January 2009 by CA Immo subsidiary Vivico have been finalised with Union Investment Real Estate AG for a purchase price of more than EUR 100 m. Decisive progress has also been achieved in what is currently the Group´s most strategically relevant development project: loan financing has been approved for the planned EUR 450 m project Tower185 in Frankfurt. A banking consortium led by Eurohypo AG is to provide a loan volume of EUR 254 m to fund construction of the building, which is already 60% pre-let even before building work commences. In addition to Eurohypo, the banking consortium is made up of DG HYP, DEUTSCHE HYPO and RZB.
end of announcement euro adhoc
Further inquiry note:
CA Immobilien Anlagen AG
Investor Relations
Florian Nowotny
Claudia Hainz
Tel.: +43/1/532 59 07-593
eMail: ir@caimmoag.com
www.caimmoag.com
Branche: Real Estate
ISIN: AT0000641352
WKN: 064135
Index: Immobilien-ATX
Börsen: Wiener Börse AG / official market