20.12.2020
CA Immo: Real estate company CA Immo has successfully closed the sale of two land lease retail plots in Graz for Euro 55 mn and therfore at a premium of around 50% to H1 2020 book value to Ikea Austria GmbH and J.M.Offner Immobilien GmbH. The two plots totaling around 107,000 sqm of site area are fully leased on a lease-hold basis to the big box retail occupiers OBI and IKEA respectively. On one of the plots there is a built to suit big box retail unit (OBI DIY store) built by J.M.Offner, which is leased to OBI. The other plot is built up with an IKEA furniture store also in the form of a building on non-owned land. The properties generate an annualized gross rental income (GRI) of Euro 2.4 m per annum.
FREQUENTIS: ATM successes for ATRiCS
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18th December 2020
With the acquisition of 51% of ATRiCS Advanced Traffic Solutions GmbH in April 2020, Frequentis followed its growth path by further expanding into the tower automation sector. ATRiCS joined the Frequentis Group shortly after the corona pandemic had brought passenger air traffic almost to a standstill but, despite the challenges, significant successes were achieved.
“Together with ATRiCS, whose DNA lies in artificial intelligence applied to the automation of airport ground traffic, we expanded our products and services portfolio and therefore significantly increased our addressable global market for airports and Air Navigation Service Providers,” says Frequentis CEO Norbert Haslacher. “These sophisticated solutions increase safety while at the same time reducing taxi times of aircraft on the ground and CO2 emissions. Together we can bring our product range into global growth markets much faster and more bro