CA Immo values its entire portfolio for exit

CA Immo is analysing the sale of its entire portfolio of properties owned on the local market, a transaction with a potential value of over EUR 400 million, the largest ever recorded on the local real estate market. Market sources claim that bids for the purchase were submitted by Dedeman, S Immo and Indotek.

"CA Immo has decided to start evaluating all strategic options for the Romanian market, including a potential sale of the entire portfolio," announced the company.

The Romanian portfolio of CA Immo is valued at EUR 389.3 million, with a leasable area of 164,557 sqm and generates EUR 29.9 million annually from rents. The company has 7 office projects in Bucharest: River Place, Opera Center 1 and 2, Europehouse, Bucharest Business Park, Orhideea Towers and Campus 6.1.

Source: Profit.ro