The history of CA Immo
Ever since 1987, with a watchful eye on the markets and experienced real estate professionals at the helm, the Vienna-based property investment company CA Immo has been steadily building its business and its portfolio. Since 1999 CA Immo has been investing in Eastern Europe, branching into project development in Eastern Europe two years later. To clarify the division of regional business within the company, CA Immo underwent restructuring in 2006, establishing the subsidiary CA Immo International to manage its Eastern European property portfolio. As the company expanded in that region, it continued to build up property assets in Austria and Germany.
Shortly after the balance sheet date for 2007, the CA Immo Group acquired Vivico, the German railway property management group, for € 1.03 bn. The expansion enabled the Group to grow not only in terms of total assets and surface area, but also in terms of the quality of its business operations. The integration of Vivico gave the CA Immo Group valuable reserves of real estate as well as expertise in the fields of urban development and project management, right across the value chain – from the acquisition of properties and the processing of high-yielding projects to the restoration and profitable sale of those properties. CA Immo thereby strengthened its position as an investment business with acknowledged real estate experts offering comprehensive knowledge of the sector.
2008 was a year of integration and consolidation. Early in the year, the company reacted to signals from the market by reducing the pace of investment in favour of a strategy of cautious, selective growth. Instead of pursuing short-term market trends, the emphasis switched to medium and long-term development in specific core regions. One particular focus was on developing, with maximum profitability and efficiency, the high quality inner city real estate in Germany that came into play with the acquisition of Vivico.
Today the CA Immo Group is one of the key players on the European real estate investment market. Since April 2007, CA Immo has been listed in the prime market segment of the Vienna Stock Exchange, with a free float of around 90 % (shares formerly traded in the standard market auction).
