ROMANIA CA Immo exits Romania with largest ever deal
Investment & financeschedule 22 November 2022
Riverplace (47,000 sqm) is the largest of the seven properties changing hands
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Austrian real estate company CA Immo has announced its exit of the Romanian market as it finalises the sale of its seven-building office portfolio in Bucharest to local company Pavăl Holding, the owner of the Dedeman chain of DIY stores.
According to local media, Pavăl Holding was reportedly close to completing the acquisition in early November for a price in the region of EUR 350–390 mln. ‘Eurobuild CEE’ announced CA Immo’s planned sell-off and Romanian exit in August 2022. The Vienna-based company had by then confirmed in its half-year financial report that it had entered into exclusive negotiations with a potential buyer. The portfolio then had a vacancy rate of 2.9 pct and a book value of EUR 393.215
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