CA Immo has announced the sale of the IntercityHotel Frankfurt Hauptbahnhof Süd. The buyer is a fund vehicle of Art-Invest Real Estate. With this transaction, CA Immo is divesting the last property in its portfolio that is exclusively used as a hotel. This underscores the company's consistent strategic focus on high-quality Class A office properties.
The IntercityHotel in question is located in the immediate vicinity of Frankfurt's main railway station. It was developed by CA Immo and completed in 2018. The building comprises a rental area of approximately 18,700 square metres. It is a four-star hotel with a total of 414 rooms and a conference centre. The hotel is leased long-term to InterCityHotel GmbH.
Strategic Realignment and Portfolio Focus
The decision to sell reflects CA Immo's strategic focus. The company positions itself as a specialised investor, manager, and developer of modern office properties. Its business activities extend to the metropolitan regions of Germany, Austria, and Central Europe. CA Immo covers the entire value chain in the commercial real estate sector and possesses significant in-house construction expertise.
CA Immo was legally advised by McDermott Will & Schulte during the transaction. The sale of the hotel underlines the clear strategic objective to concentrate the portfolio on core office properties and monetise non-strategic assets. This serves to further strengthen its market position in the segment of high-class office properties.
CA Immo Company Profile
- —Founded: 1987
- —Stock market listing: ATX of the Vienna Stock Exchange
- —Real estate assets: Approximately 4.6 billion EUR
- —Geographical distribution of real estate assets: 73 percent in Germany, 5 percent in Austria, 22 percent in CEE
CA Immo possesses significant real estate assets, totalling approximately 4.6 billion EUR. Germany accounts for the largest share of the portfolio at 73 percent, followed by CEE with 22 percent and Austria with 5 percent. The company was founded in 1987 and is listed on the Vienna Stock Exchange's ATX, highlighting its established market presence and capital market access.
