PL

POLAND CA Immo sells Warsaw office building to Yareal

Investment & finance
CA Immo has finalised the sale of an office property at Wspólna 47-49 in central Warsaw to Yareal Polska.

The 7,696 sqm gla building with 137 parking spaces was sold at a premium to its book value at the end of last year. According to CA Immo’s 2020 annual financial report, its nominal capital value was PLN 46.497 mln.

With the sale of Wspólna 47-49, we have further increased our focus on large, modern class A office properties in established or emerging office submarkets. This disposal is another step in our capital rotation programme, which aims to secure and increase the attractiveness and sustainability of our real estate portfolio.
Hedwig Höfler, the head of investment management in Austria and the CEE region

CA Immo was advised during the sales process by CBRE and law firm Greenberg Traurig.

At the end of June 2021, CA Immo’s portfolio in Poland consisted of nine office buildings with a total area of more than 170,000 sqm and a book value of app. EUR 590 mln.

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