10.01.2021 CA Immo: SOF 11 Klimt (BidCo), a controlled affiliate company of Starwood Capital, intends to further increase its shareholding in Austrian real estate company CA Immo. Pursuant to its obligations under the Austrian Takeover Act, BidCo will launch an anticipatory mandatory takeover offer for all of CA Immo's shares and convertible bonds that are not held by BidCo. The shareholders of CA Immo are offered a consideration of Euro 34.44 per CA Immo share on a cum dividend basis. This means that the offer price per CA Immo share will be reduced by the amount of any dividend declared per CA Immo share between the announcement of this Offer and the settlement of this Offer, provided that the Offer is settled after the relevant dividend record date. Krysto Nikolic, Managing Director and Starwood Capital Group's Head of Real Estate for Europe, commented: "Having recently increased our shareholding in CA Immo, we are pleased to announce this Offer which is priced at the company's last reported EPRA NNNAV and represents an attractive premium to the current share price. We believe the Offer provides a welcome opportunity for shareholders and convertible bondholders to realize liquidity. We look forward to continuing to support the company, and in connection with the Offer, it is one of Starwood Capital's objectives to maintain CA Immo's investment-grade credit rating."