Secret transaction: CA Immo sells IP West office building in Budapest!

Secret transaction: CA Immo sells IP West office building in Budapest!

On May 15, 2025, an undisclosed buyer acquired the IP West office building in Budapest from CA Immobilien Anlagen AG (WBAG:CAI). The closing of the acquisition also took place on this day, making the sale a significant event last year. CA Immobilien Anlagen AG, known for its specialization in the development, sale and management of commercial real estate, has pursued several strategies in recent years to strengthen its market position.

The company divides its activities into two main areas: the development and sale of real estate and property management. Loud Market screener At the end of 2024, the real estate portfolio of CA Immobilien Anlagen AG had a total usable area of ​​1,090,888 m² and a market value of 4,964.8 billion euros. The company's rental income is geographically distributed across Austria (5.6%), Germany (66.1%) and Europe (28.3%). The last closing price of CA Immobilien Anlagen AG was EUR 22.78.

Significant transaction in the Budapest office segment

The sale of the IP West office building is considered one of the largest acquisitions by an international group in the Budapest office segment for 2024/2025. This transaction not only shows the quality of CA Immo's portfolio in Budapest, but is also an important step in the company's strategic withdrawal from the Hungarian market. The office investment sector in Budapest has recently experienced a quiet phase, characterized by an overcorrection in prices. Nevertheless, the IP West transaction reflects renewed interest in this segment.

Keegan Viscius, CEO of CA Immo, emphasizes that this sale marks the beginning of the strategic withdrawal from Hungary. The transaction also enables the company to concentrate on core markets and high-quality Class-A office buildings in central locations. The sale was advised by CBRE and CERHA HEMPEL Rechtsanwälte.

Details about the IP West office building

The IP West office building has a rentable area of ​​around 32,100 m² and offers around 800 parking spaces. It is located in the 11th district of Budapest, in the southern part of Buda, west of the Danube, between the Petőfi and Rákóczi Bridges. The building's location allows excellent connections to the road and public transport network, making it attractive for companies and employees alike.

With this step, CA Immobilien Anlagen AG remains on track to continue optimizing its strategies and focusing on profitable investments. With the sale of the office building, the company not only took a significant financial step, but also set important strategic directions for the future, such as: CA Realty communicates.