Aggregate Holdings buys minority stakes in S Immo, Immofinanz

Aggregate Holdings SA bought noncontrolling minority stakes in Austrian real estate companies S Immo AG AG and Immofinanz AG.

Financial terms of the deals were not disclosed.

The Luxembourg-based property investment company acquired a 9.03% stake in S Immo. The target company's portfolio comprises around 70% commercial properties and roughly 30% residential properties.

S Immo has approximately 6% strategic minority stake in CA Immobilien Anlagen AG, which is being eyed by Aggregate for a potential acquisition.

Aggregate also bought a 10.54% stake in Immofinanz. Office properties account for around 60% of Immofinanz's portfolio, with retail assets accounting for the remaining portion of the portfolio. The transaction is subject to customary approvals.