CA Immo exits Serbian market with sale of Sava Business Center

CA Immo has completed the sale of the Sava Business Center in Belgrade, marking the company’s exit from the Serbian market. The office building offers approximately 19,600 m² of gross lettable space and was 96% occupied at the end of 2024, generating annual gross rental income of around €4 million.

This transaction is part of CA Immo’s ongoing capital rotation strategy, aimed at sharpening its focus on high-quality, modern office assets in its core markets. Since 2018, the company has withdrawn from non-core markets including Romania, Slovenia, Bulgaria, Russia, and Croatia, as well as secondary cities in Hungary, Austria, and Poland.

The sales price and the identity of the buyer were not disclosed. Proceeds from the sale are expected to be reinvested into value-driven projects, including developments in Berlin and selective acquisitions aligned with the company’s long-term investment focus.

CBRE served as the real estate broker, and CMS provided legal advisory services to CA Immo during the transaction.