Austrian real estate company CA Immo has announced the acquisition of the Leo II portfolio in the German state of Hesse for about EUR 770 mln. The portfolio consists of 36 state-owned properties and 170 homes that have been sold in a sale-and-lease-back agreement.
Austrian real estate company CA Immo has announced the acquisition of the Leo II portfolio in the German state of Hesse for about EUR 770 mln. The portfolio consists of 36 state-owned properties and 170 homes that have been sold in a sale-and-lease-back agreement.
Earlier this month, CA Immo confirmed media reports it was in the final stages of the bidding process but declined to comment on speculation the price would come to EUR 770 mln. The properties, covering a total of 450.000 m2 and with 6,200 parking spaces, generate an annual rent of about EUR 42 mln.
