Connect with us

Top Stories

Starwood Capital Acquires Significant Minority Stake in Leading Real Estate Company CA Immo

Starwood Capital Acquires Significant Minority Stake in Leading Real Estate Company CA Immo

VIENNA and LUXEMBOURG- Starwood Capital Group, a leading global private investment firm, today announced it agreed to acquire through controlled affiliates from Immofinanz Group 25,690,163 no par value bearer shares and four registered shares in CA Immobilien Anlagen AG (“CA Immo”), representing approximately 26% of the total issued shares in CA Immo.

Barry Sternlicht, Chairman and CEO of Starwood Capital Group, said, “Starwood Capital is a leading global investor with a strong track record across many asset classes in the real estate sector as well as in growing, high-performing public companies. We see great potential in the Austrian, German and Central and Eastern European real estate markets, and are convinced that as a long-term oriented, strategic anchor shareholder with substantial capital resources and relevant experience, we are a natural partner to support the management team of CA Immo in achieving high sustainable returns for its shareholders.”

Keegan Viscius, a Senior Vice President responsible for Starwood Capital’s real estate investments across Europe, said, “This significant investment reflects our continued confidence in the underlying fundamentals of the Austrian, German and Central and Eastern European markets. We are excited to partner our flexible capital and experience with CA Immo’s market leading platform.”

The transaction is subject to regulatory and other approvals associated with a transaction of this nature, is expected to close in Q3 2018.
UBS, Schoenherr Rechtsanwaelte, and Cushman & Wakefield advised Starwood Capital.

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Recommended

Newsletters with Secrets & Analysis. Subscribe Now