In May of this year, Warimpex Finanz-und Beteiligungs AG announced the acquisition of a 35 percent stake in the project company AO AVIELEN A.G. The seller of the shares is CA Immobilien Anlagen AG (CA Immo), which has completely pulled out of this project with the sale. All of the prerequisites for the closing – in particular the approval of the Russian antitrust authority – have now been satisfied, and the transaction was concluded on 12 August.
Warimpex now holds a stake of 90 percent in AVIELEN, the project company responsible for the development and operation of AIRPORTCITY St. Petersburg. The parties involved agreed not to disclose the price. An additional 10 per cent stake in AVIELEN is held by UBM Development AG.
“Warimpex is pursuing a strategy of building up its property portfolio and strengthening its earnings potential. By acquiring additional shares in AVIELEN, we are confirming our commitment to AIRPORTCITY St. Petersburg, an attractive location with tremendous potential for further developments,” explained Franz Jurkowitsch, CEO of Warimpex.