Future focus
Investment & financeThis year is the 25th anniversary of the founding of Austrian real estate investor CA Immo. One of the more active companies in the CEE, it is never far from the headlines. In November, the company in a 50:50 joint venture sold the Warsaw Financial Center in a deal worth EUR 210 mln. We spoke to Bruno Ettenauer, the CEO of CA Immo to find out what the company is planning next
Nathan North, ?Eurobuild CEE': You've just finalised the sale of the Warsaw Financial Center. Is this part of a strategy for Poland, or was it just a case of an investor coming in with a good price?
Bruno Ettenauer, CA Immo: In terms of the WFC, we had a JV with Pramerica Real Estate Investors and agreed to sell it if we saw an appropriate investment window. We have defined Warsaw as a core market and have a good team in place. This is because of the health of the economy and the quality of the infrastructure. So we don't have a plan to massively reduce our assets in the country. Poland has been doing a good job for the last few years, giving us the confidence that the country will continue in the same way. Trading is an important part of our activities, but will only account for 10-15 pct of our portfolio. For the 50/50 JV we were offered a fair price and it was a comfortable situation for both the buyer and the seller. A window of opportunity opened, and with the current tide of inv
Already have an account? Log in
84% of content remaining
Unlock full access to the edition
PLN
EUR
EurobuildCEE magazine
Access to EurobuildCEE edition online & flipbook
Current edition
Annual subscription
You save 23% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
- Access to EurobuildCEE magazine edition online & flipbook version
Most popular
EurobuildCEE magazine & online subscription
Access to all EurobuildCEE materials
Monthly
Annually
You save 17% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
- Access to EurobuildCEE magazine edition online & flipbook version
- Exclusive news, comments, articles and interviews with the most important market representatives and experts
- Archive containing data and information from the commercial real estate and construction market in Poland and the CEE region, collected over 27 years;
- Eurojobs
- Eurobuild FM
