Press Release
CBRE advises CA Immo on the sale of its Romanian office platform
November 22, 2022
We are very happy to see that the Romanian investors' growing interest in the office segment. We are proud to have worked on more than 50% of the most important office transactions in Romania this year. Our investment team is cohesive, experienced, and has proven its capabilities,
This is the largest real estate transaction ever in Romania as well as the largest investment ever made by a 100% Romanian company. The CA Immo portfolio, which we represented with complete services, is an extremely solid one, assembled over 20 years. It has an impeccable mix of international and national tenants, buildings with a strategic location and an exceptional retention rate. This is more than a record transaction, it is a defining moment for the Romanian real estate market.
Despite the many macro challenges facing real estate investors around the world, the Romanian market remains very solid, and international, regional, and local investors remain highly interested in acquiring assets in the country.
CA Immo's Romanian portfolio is comprising seven office buildings with excellent occupancy rates, all located in prime areas of Bucharest, with a total leasable area (GLA) of approximately 165,000 sqm.:
- Bucharest Business Park (26,700 sq m)
- Campus 6.1 (22,700 sq m)
- Europe House (16,400 sq m)
- Opera Center I (11,900 sq m)
- Opera Center II (3.500 sq m)
- Orhideea Towers (37,000 sq m)
- Riverplace (47,000 sq m)
CA Immo, listed on the Austrian stock exchange, is one of the most important office landlords in the local market and divested its entire portfolio of real estate assets in Romania as part of its ongoing capital rotation programme. The Romanian portfolio is a clear example of the CA Immo blueprint: concentrated exposure within established CBD locations and emerging submarkets that appeal to tenants from multiple sectors to create portfolio synergies and build competitive advantage.
The CBRE team included experts in Investment Properties and Investment Banking professionals cross-boarders in Europe.
We would like to thank all parties involved. We are very honored to have worked with this transaction, it proves our unique position to advise our clients in real estate platform deals by combining M&A and real estate expertise. This transaction is one of the most complex projects our team has worked on, in an intense timeline.
