CA Immo has completed the sale of a logistics property located at Buckower Chaussee 43-58 in the Marienfelde district of Berlin. The asset comprises a site of approximately 53,000 square metres and includes a warehouse complex with around 12,000 square metres of lettable space. The property is 92% leased, generating annual rental income of €1.2 million. The transaction was concluded at a price above the most recently reported book value. The sale aligns with CA Immo’s strategy of focusing on core office properties in prime urban locations. Non-core assets that do not meet criteria related to asset class, location, or long-term value creation potential are being divested under this approach. Keegan Viscius, CEO of CA Immo, stated that the sale supports the company’s portfolio optimisation objectives by removing assets that fall outside its strategic focus. The property in question was the last in the portfolio powered by oil, which also influenced the company’s decision due to sustainability considerations. Proceeds from the transaction may be allocated to general corporate purposes, reinvestment in the core portfolio, debt reduction, share buybacks, or new external investments if appropriate opportunities are identified. Cushman & Wakefield acted as commercial advisor and broker on the transaction. Legal advice was provided by GÖRG.