Money Buzz! Europa

Tag: S IMMO AG

  • S IMMO purchased two office buildings in Bucharest from Skanska

    S IMMO purchased two office buildings in Bucharest from Skanska

    S IMMO purchased Campus 6.2 and Campus 6.3 office buildings developed by Skanska in the Center-West submarket of Bucharest.

    The transaction volume is approximately EUR 97 mln.

    The two buildings have a rentable area of nearly 38,000 square meters and 463 parking spaces. Currently, 99% of the buildings are leased by companies such as Microsoft and Société Générale European Business Services.

    Campus 6.3 has already been delivered in October 2020, and Campus 6.2 is due to be completed in the first quarter of 2021.

    The new buildings acquired by S IMMO, Campus 6.2 and 6.3, increase the office portfolio of S IMMO in Romania to over 73,000 sqm of GLA, together with the existing office buildings, The Mark and Sun Plaza Offices.

    At the end of this year’s first nine months, the total investment volume in Romania accounts for EUR 521.4* mln (*including GTC shares transaction), with office buildings as the most traded sector, accounting for 90% of the total national transaction volume, according to the CBRE Research data.

    At the end of the third quarter of 2020, prime yields remain stable for the office and industrial segments.

  • CA Immo exits Croatia with sale of Zagrebtower office building

    CA Immo exits Croatia with sale of Zagrebtower office building

    CA Immo signed and closed the sale of the Zagrebtower office building to Austrian property company S IMMO AG at a 5% premium to H1 2020 book value.

    Zagreb Tower is a class A building in an up-and-coming business district in the heart of the Croatian capital. The 79-metre structure is one of the most impressive landmark buildings in Zagreb.

    The office tower with a total of 25,900 sq m of rentable area on 22 floors and a 9-floor side wing offers a comprehensive range of services and facilities

    The building has a reception in the ground floor entrance area, an underground car park and around 500 outdoor parking spaces.

    Zagrebtower meets high sustainability standards and has a BREEAM Excellent certification. The property generated € 3.6 m of annual gross rental income and was fully let (99%) as at 30 June 2020.