CA Immobilien Anlagen : Immo sells Bratislava Business Center 1 and 1 Plus to WOOD & Company

• CA Immo exits Slovakia with the sale of the Bratislava Business Center 1 and 1 Plus (BBC 1) office buildings
• Investment strategy focus on office buildings in Germany, Austria and core CEE capitals with local management teams
  

Vienna, 1 March 2021. CA Immo has successfully closed the sale of the BBC 1 and 1 Plus office buildings to WOOD & Company, the leading investment bank in Central and Eastern Europe. The office complex covers rentable area of around 25,500 sqm.

The sale of BBC 1 marks the company´s exit from the non-core market Slovakia. The transaction is in line with CA Immo's strategic capital rotation programme, seeking to divest specific assets outside key investment markets. The proceeds of the sale will then be reinvested into value-accretive investments, including the continued build out of the prime development pipeline, as well as external acquisitions. Over the past three years, CA Immo has completed its exit from Slovenia, Bulgaria, Russia, Ukraine and Croatia, as well as the exit from all the secondary cities in Hungary, Romania and Poland.

About Bratislava Business Center 1 and 1 Plus (BBC 1)

The Bratislava Business Center 1 and 1 Plus office complex (BBC 1) are located centrally, in the Bratislava Business District, comprising rentable area of around 25,500sqm. BBC 1 Plus was constructed as an extension with a seamless connection to the existing Bratislava Business Center 1 in 2012, offering rentable area of some 15,900 sqm on 13 upper floors and one underground parking floor. The building has received a LEED Gold sustainability certification. Located directly on the main traffic artery of Prievozská Street, BBC 1 is excellently connected to the historic city centre, as well as the Bratislava Airport.

Broker Jones Lang LaSalle (JLL) and law firm CERHA HEMPEL Rechtsanwälte GmbH advised CA Immo on the disposal.

About WOOD & Company

WOOD & Company is the leading investment bank in CEE, focused on providing corporate finance and capital markets services, securities brokerage, and asset management. It was founded in 1991 and is headquartered in Prague, with offices in Bratislava, Warsaw, Milan, Bucharest and London.

The firm's real estate activities are managed under the WOOD & Company Real Estate umbrella, the local market leader in commercial real estate segment, with more than 249,000sqm of leasable area. In addition to operating in the Czech Republic, where it manages administrative buildings Hadovka Office Park, Harfa Office Park and The Greenline, as well as shopping centres Galerie Harfa and Centrum Krakov, WOOD & Company Real Estate is also building its Slovak portfolio successfully, with the Westend Tower, Aupark Tower, Lakeside Park 01, BBC5 and BBC 1 office buildings. Find out more at wood-re.com.