CA Immo to invest EUR 300m in Berlin and Frankfurt

Vienna-listed real estate investor CA Immo plans to invest some EUR 300 mln in the Berlin and Frankfurt real estate markets in 2012.

In a recent announcement, the company said Berlin is particularly attractive as a business location as it has a comparatively low level of income and rents, a broad mix of industries and a growing service sector.

Chairman Bruno Ettenauer: ‘In conjunction with a traditionally modest supply of new area, this yields a growth market that is resistant to crisis from the point of view of the property investor, and one in which CA Immo will also be planning to increase its activities in the years ahead.’ Frankfurt is and will continue to be a top location but is more vulnerable because of its ongoing strong orientation to the banking sector, he added. (more)

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