CA IMMO NEW EUROPE PROPERTY FUND

This project development fund has brought together the development projects of CA Immo International since the start of 2007. The fund is structured under Luxembourg law as a SICAR (Societé d’Investissement en Capital à Risque). The total volume of the fund originally envisaged was € 1 bn, of which € 400 m was to be made available as equity capital; 40 % of the equity capital was pledged by four institutional investors at home and abroad, with 60 % held by CA Immo International. The fund has a fixed term of seven years.

The investment strategy of the fund revolves around real estate development projects in Eastern and Southeastern Europe. Projects currently in progress largely satisfy the originally defined priorities in terms of region (20 % of projects in the CEE, with around 40 % in both the SEE and CIS) and usage type (less office space in favour of more retail and logistical premises).