CA Immo Real Estate Management Czech Republic s. r. o. (hereinafter CA Immo) recorded a very successful 2014 and first quarter of this year as well. The overall vacancy rate of the office buildings in the CA Immo portfolio is below 3%, which is considerably below the average for the Prague office market (16.5%).
One of CA Immo’s most significant transactions is the recent extension of the Wüstenrot group’s lease in the Kavčí Hory Office Park (KHOP) building. It extended its lease of 6 700 m2 by seven years and thus it will be headquartered in the Kavčí Hory Office Park building until the year 2022. Karlín’s River City Prague project, which is comprised of three buildings (Danube House, Nile House and Amazon Court), is also almost full. “We are very glad that our tenants are successful and that they are choosing our buildings for their expansion since they are distinguished by their low operating expenses as well as the high user comfort for employees,” stated Alois Vyleta, Managing Director of CA Immo in the Czech Republic, adding that “both our new and existing tenants are proof that our buildings appeal to a wide spectrum of companies.” The Amazon Court building was the first office building in the Czech Republic to receive the “green” DGNB Gold certificate while the Danube House, Nile House and KHOP buildings are undergoing the LEED certification process.
CA Immo continues in its strategy and specialisation in the leasing, development and management of office properties. Thus it has recently sold several buildings in Central Europe from the segments of logistics properties, hotels and residential properties, which do not form its core-business. “The almost full occupancy of our buildings in the Czech Republic and the specialisation in office properties give us the space for acquisitions so that we can bring our successful model to other premium projects,” concluded Alois Vyleta.
About CA Immo
CA Immo specialises in office properties in Central European capitals. The company covers the entire value chain in the field of commercial real estate, from lettings and management to project development based on a high degree of in-house construction expertise. Founded in 1987, CA Immo – which is listed on the ATX index of the Vienna Stock Exchange – controls property assets of around € 3.6 bn in Germany, Austria and Eastern Europe.
