Objectives 2007
Objectives 2007
  • In 2007 investments of up to € 1.5 bn have been budgeted:

    • around € 1 bn in property stock for CA Immo International and
    • around € 500 m in the CA Immo New Europe property fund
  • The strategic investment priority lies in South East Europe and the CIS, primarily Moscow. 30% of the properties being acquired are located in the „established“ countries of Eastern Europe, such as Poland, the Czech Republic and Hungary. A balanced mix of types of use will be chosen; one-third of the amount is earmarked for office buildings and the rest for retail and logistics properties and the business hotel segment. The investments will primarily take the form of forward purchases or own development projects. The funds raised by the IPO will be invested or committed over 12 to 15 months.
  • The ambitious investment targets for Eastern and South East Europe are based on a project pipeline with a volume exceeding € 2.2 bn (as of March 2007).
  • CA Immo International is planning to pay out a dividend in 2007 after completing just one year of business. An amount of 2% of the average 2007 net asset value is envisaged. The total shareholder return at
    CA Immo International stems from the share price growth and dividend payment factors. If the price continues to develop favourably, the
    CA Immo International share should clearly exceed the anticipated long-term annual growth rate of around 10% just one year after going public.