According to sources familiar with the ongoing negotiations for the sale of the portfolio, three bidders have already expressed interest in the portfolio of the Austrian real estate company CA Immo, namely Dedeman, S Immo and Indotek.
Despite this rumored development neither the sell nor the buy-side have confirmed ongoing negotiations, the Romanian news agency profit.ro,
It is noted that the value of the entire CA Immo portfolio at over €400million, for an average rent of €16 per square meter and an investment yield of 7%.
At this value, the transaction would become the largest ever made on the Romanian real estate market, after the current record reached by the sale of NEPI Rockcastle's office portfolio to AFI Europe at a price of over €300million.
