CA Immobilien Anlagen AG (CA Immo) has successfully completed the sale of the Visionary office building in Prague's Holesovice district. The property, which encompasses approximately 25,500 square meters of gross lettable area and generates an annualized gross rental income of around €4.3 million, was sold as part of CA Immo's strategic capital rotation programme. This initiative focuses on concentrating the company's investment portfolio on high-quality, modern office properties in core markets. With an occupancy rate of 93%, including future leases, the sale marks the completion of CA Immo's business plan for Visionary, allowing the company to reallocate capital towards value-enhancing investments and selective acquisitions. CBRE and Dentons acted as the commercial and legal advisors, respectively, in this transaction.
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