·         CA Immo continues reduction of minority interests in the portfolio

·         UBM thus further accelerates its preparation for selling the € 700 m portfolio

·         The aim is to faster tap the potential for development at the Poleczki site 

Mag. Karl Bier, CEO of UBM: "By acquiring the 50%-share in Poleczki Business Park from CA Immo we have become the sole owner of the property; as a result, development competencies are now fully with us. We intend to substantially increase our commitment at the site and tap the existing development potential faster than originally planned."

Dr. Bruno Ettenauer, CEO of CA Immo: "Poleczki Business Park has developed most positively over the years and meets with great demand from the part of tenants. In the wake of our strategy to reduce minority interests this is a good point in time now for everyone involved to hand over the project to a single owner."

The office project is the largest of its kind throughout Poland and comprises several construction phases involving 16 buildings and a total gross floor space of 200,000 sqm on a site area of around 140,000 sqm. The first construction phase, consisting of two building blocks, covers a total lettable space of around 45,000 sqm and was completed in mid-2010. The second construction phase, which was completed at year-end 2012, consists of two further modern office properties with a total lettable space of around 21,000 sqm. The buildings of construction phase I and II are nearly fully let. Another office building covering a lettable space of 8,500 sqm is about to be completed; a parking garage offering some 500 parking spaces is currently under construction.

Due to its ideal location at Warsaw airport and the lower rental level compared to the city centre of Warsaw, Poleczki Business Park has a lot to offer to many companies. As the first two construction phases have been almost fully rented, we plan to meet the gratifying strong demand from tenants by accelerating construction of the further phases.

Mag. Karl Bier, CEO of UBM, is highly satisfied with this transaction: "The emphasis of our activity now is clearly on selling our portfolio worth € 700 m. The efficient handling of such a disposal process is greatly facilitated by having sole control over the individual properties. Therefore, buying the remaining 50%-share in Poleczki Business Park was a consistent and right step for implementing our strategy."

At the beginning of the year, UBM committed itself to reducing its portfolio so as to systematically continue its strategy of focusing on property development and fast reselling. Given the excellent market environment for property disposals, UBM has put together a portfolio with a transaction volume of more than € 700 million. The portfolio extends over 4 countries (Germany, Austria, Poland, and France) and 2 asset classes (office and hotel). The aim is to sign the contract for the portfolio deal by the end of the year, with the respective closing transaction to follow suit afterwards. The two completed construction phases I and II of Poleczki Business Park are part of this portfolio.

For questions, please contact:

CA Immobilien Anlagen AG
Susanne Steinböck
Tel.: +43 1 532 5907 533
E-Mail: presse@caimmo.com
www.caimmo.com

UBM Development AG
Julia Kozielski
Tel.: +43 50 626 3827
E-Mail: public.relations@ubm.at
www.ubm.at