Keegan Viscius, CIO of CA Immo said: "With this sale, we are reducing our exposure to the non-core market of Belgrade and rotating our portfolio exposure to high-quality, modern office properties in our core markets."

CA Immo pursues a dynamic and value-accretive investment and divestment approach, concentrating its activities on high-quality office assets in the key gateway cities with high growth perspectives and resilience. Overriding targets of the portfolio strategy are to increase portfolio quality to ensure long-term competitiveness and to expand the core markets of Germany and Austria to more than 80% of the total portfolio in the medium term.

CBRE acted as exclusive financial and real estate advisor and CMS as legal advisor to CA Immo in this sale process. 


Uroš Grujić, Head of Investment Properties SEE at CBRE said: “We would like to congratulate the whole CA Immo team led by Christoph Buchgraber, Senior
Investment Manager, on successfully closing this transaction. This is an instrumental transaction for the Belgrade market taking into consideration the worldwide challenges related to interest rates and capital markets in general. Such a transaction proves that the interest for Southeastern Europe is still being active at competitive yield levels.” Grujić emphasized that by year-end, two more transactions of this kind will be transacted making the Belgrade market one of the most active across Europe.

As of Q1 2023, CA Immo's Serbian portfolio consisted of two office buildings in Belgrade - Sava Business Center and Belgrade Office Park (BOP) - with a total lettable area of around 50,000 sqm. Belgrade Office Park has a BREEAM sustainability certification, Sava Business Center is certified according to the LEED standard.