April 09, 2019

CA Immo increasing its exposure in Romania

CA Immo increasing its exposure in Romania

Austrian real estate investor CA Immo, the third largest office owner in Romania by the value of its assets, increased the value of its local portfolio by 48.6 percent to about €400 million last year, by acquiring Campus 6.1 office building developed by Skanska in western Bucharest and completing the works at the two office towers (Orhideea Towers) in the same area.

CA Immo paid €52 million for the 22,700 sqm office building Campus 6.1 and completed investments worth €77 million in the 36,800 sqm Orhideea Towers. The two projects pushed up the value of the Romanian portfolio of CA Immo at €394.5 million, Profit.ro reported.

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