EQS-News: IMMOFINANZ AG: IMMOFINANZ successfully completes further property sales

EQS-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal
IMMOFINANZ AG: IMMOFINANZ successfully completes further property sales

03.11.2022 / 08:17 CET/CEST
The issuer is solely responsible for the content of this announcement.

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IMMOFINANZ successfully completes further property sales
 

IMMOFINANZ has successfully completed the sale of additional office
properties. Two office buildings in Vienna were sold to the Austrian
Winegg Group for an attractive market price of approximately EUR 60
million. These two properties have 7,000 sqm of space in total and are
occupied by long-term tenants.

“We are proceeding quickly with the implementation of the portfolio
strategy that was approved this past summer with its focus on retail
properties and myhive office solutions as well as planned sales with a
value of roughly one billion euros. The recent sale of an office building
in Prague has now been followed by another important transaction, and we
are very pleased with the resulting sale price. Since the strategy was
announced, our real estate sales have totalled around 150 million euros.
Investors‘ interest in high-quality office properties in central locations
is still very high“, explained Radka Doehring, member of the IMMOFINANZ
Executive Board.

These property sales involve the offices at “Franz Josefs Kai 27” and
“Schreyvogelgasse 2“, top locations in Vienna’s inner city with perfect
infrastructure.

 

On IMMOFINANZ

IMMOFINANZ is a commercial real estate group whose activities are focused
on the office and retail segments of eight core markets in Europe:
Austria, Germany, Poland, Czech Republic, Slovakia, Hungary, Romania and
the Adriatic region. The core business covers the management and
development of properties, whereby the STOP SHOP (retail), VIVO! (retail)
and myhive (office) brands represent strong focal points that stand for
quality and service. The real estate portfolio has a value of
approximately EUR 5.4 billion and covers more than 220 properties.
IMMOFINANZ is listed on the stock exchanges in Vienna (leading ATX index)
and Warsaw. Further information under: [1] https://www.immofinanz.com

 

For additional information contact:
Bettina Schragl
Head of Corporate Communications and Investor Relations
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
[2]communications@immofinanz.com
[3]investor@immofinanz.com
1100 Vienna, Wienerbergstrasse 9, Austria
www.immofinanz.com

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03.11.2022 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 9
1100 Vienna
Austria
Phone: +43 (0) 1 88090 – 2290
Fax: +43 (0) 1 88090 – 8290
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000A21KS2
WKN: A2JN9W
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Munich,
Stuttgart; Warschau, Vienna Stock Exchange (Official Market)
EQS News ID: 1477895

 
End of News EQS News Service

1477895  03.11.2022 CET/CEST

References

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2. communications@immofinanz.com
3. investor@immofinanz.com

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