In addition, lease agreements were extended for about 4,800 sqm office space. The occupancy rate increases to 86% once these new leases are taken into account, and is thus well above the market average of 79% for Budapest.

Dr. Bruno Ettenauer, CEO CA Immo: “The Hungarian office rental market has been a challenge for many years, partly because of the tough economic situation. Our high-quality office property portfolio in Budapest and our own team of colleagues locally means that we have nonetheless been able to achieve positive results and keep our occupancy rate well above the market average.”

A total of about 14,100 sqm of office space has been let in five office buildings. Tenants include large, interna-tional groups, such as Ferrero for example, along with Hungarian banks and government-linked companies.

CA Immo in Hungary
CA Immo’s property portfolio in Hungary has a market value of around € 422 m, accounting for about 8% of the Group’s total property assets. The office property portfolio comprises nine buildings in Budapest with a total rentable effective area of 163,000 sqm; the largest of these is the Capital Square office block with a rentable effective area of 33,700 sqm. In addition, CA Immo owns more than 134,000 sqm of logistics space and 16,400 sqm of retail space in Hungary. The Hungarian asset portfolio is administered via the local CA Immo branch office in Budapest.  

About CA Immo
CA Immo is one of the leading property companies of Central Europe and is listed in the leading ATX index of the Vienna Stock Exchange. The company’s core business is the lease and development of commercial proper-ties, principally in the office segment. CA Immo was founded in 1987 and its property assets today in Germany, Austria and Eastern Europe amount to about € 5.4 billion (as at 30.9.2012).

A picture in high resolution of the office building Capital Square you find <link fileadmin bilder pressebilder capital_square_02-hhr.jpg _blank download file>here.

For additional information, contact:
CA Immobilien Anlagen AG
Mag. Julia Müller
Tel.: +43 (0)1 532 59 07-581
e-mail: julia.mueller@caimmo.com
www.caimmo.com