At the end of 2006 CA Immo International acquired a blocking minority of 25% plus 4 shares in the Vienna-based property development company, UBM Realitätenentwicklung AG. The strategic thinking behind this investment is to position the CA Immo Group as an all-round property service provider and to allow it to offer the full range of services relating to real estate, from development to construction and investment.
At the same time, with its proven development emphasis in the CEE region, UBM ideally complements the CA Immo Group. For instance, UBM has developed and realised projects such as Andel City in Prague, the Hotel Intercontinental in Warsaw and the Warsaw Tower. This investment is therefore of strategic significance in view of the planned expansion campaign of CA Immo International and the CA Immo New Europe property fund.
The main shareholder in UBM, alongside CA Immo International with 25% plus 4 shares, is the Porr Group, with an interest of 41.27%; the remaining 33.73% are in free float.