Russian-owned, Cyprus-based real estate firm O1 Group has completed its purchase of 16% of Austrian listed property firm CA Immo.
Russian-owned, Cyprus-based real estate firm O1 Group has completed its purchase of 16% of Austrian listed property firm CA Immo.
The share was bought from the Austrian arm of Italian banking group UniCredit for more than €295 mln. The price is above the existing market rate but below net asset value per share.
O1 Group is the majority owner of O1 Properties, which claims to be the largest class A landlord in Moscow with almost 500,000 m2 of rentable space and assets worth €3.5 bn.
