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.