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CA Immo and WARIMPEX rely on CHSH to finalise their Russia deal

Both listed real estate companies, CA Immo and Warimpex, relied on the expertise of CHSH to finalise the sale of a 35% stake in AIRPORTCITY St. Petersburg.

Both listed real estate companies, CA Immo (ISIN AT0000641352) and Warimpex (ISIN AT0000827209), relied on the expertise of CHSH to finalise the sale of a 35% stake in AIRPORTCITY St. Petersburg. The team at CHSH led by partner Mark Krenn acted as escrow agent for the sale of a block of shares held by CA Immo to Warimpex. Closing took place in August 2019.

"It's a particular honour that two of Austria's leading real estate companies entrusted us with the task of handling the transaction as escrow agent", Mark Krenn.

UBM Development AG – also listed on the stock market – holds the remaining 10% in AIRPORTCITY St. Petersburg.

CA Immo

CA Immo specialises in office properties in the capital cities of Central Europe and controls property assets of approximately EUR 4.7 billion in Germany, Austria and Eastern Europe. The company covers the entire value chain in the commercial real estate sector: from lettings and management, to project development with a high degree of in-house construction expertise. Founded in 1987, CA Immo is listed on the ATX index of the Vienna Stock Exchange, with approximately 74% of its shares currently held in free float. The real estate company with its headquarters in Vienna has branches in Frankfurt, Munich, Berlin, Belgrade, Bucharest, Budapest, Warsaw and Prague. Its market capitalisation is EUR 3.08 billion.

Warimpex

Warimpex Finanz- und Beteiligungs AG is a real estate development and investment company. The firm is headquartered in Vienna and is listed on the stock exchanges in Vienna and Warsaw. Its core focus is the construction and operation of hotels and offices in Central and Eastern Europe. Due to this combination of real estate development and asset management, Warimpex sees itself as a "hybrid" real estate company that operates properties itself until the time at which the highest added value can be realised through sale. The company has developed properties worth over one billion euros over the past 30 years and is currently active in CEE, Russia, Austria, Germany, and France. Warimpex believes in quality and sustainability as the basis for strong future growth. Its market capitalisation is EUR 75.60 million.