Frankfurt 4 December 2007 The Austrian CA Immo buys the federally owned company Vivico Real Estate GmbH. The sales contract was signed today in Frankfurt am Main. A property tendering process preceded the signing of the contract.
The Vivico-portfolio typically includes spacious development areas in prime inner-city locations in Germany. Vivico develops these areas into new districts, creating space in which to live, work and unwind.
The property company Vivico was founded in 2001, in order to market former railway properties by selling company shares. The sale of the company has to be approved by cartel authority and must get the approval according to §65 of the Federal Budgetary Regulations.