EQS-News: IMMOFINANZ: Letter of intent to sell Vienna office properties to S IMMO signed
EQS-News: IMMOFINANZ AG / Key word(s): Real Estate/Letter of Intent
IMMOFINANZ: Letter of intent to sell Vienna office properties to S IMMO
signed
24.02.2023 / 10:32 CET/CEST
The issuer is solely responsible for the content of this announcement.
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IMMOFINANZ: Letter of intent to sell Vienna office properties to S IMMO
signed
IMMOFINANZ has signed a letter of intent to sell several office properties
at the location on Vienna’s Wienerberg to S IMMO, a company in which it
holds 50% plus one share. The transaction will cover six standing assets
with roughly 128,000 sqm of rentable space and one development project
with nearly 20,000 sqm of space that will be completed in summer 2023. The
transaction volume will amount to approximately EUR 411.0 million. The
closing for the purchase of the buildings is expected to take place in
several tranches during 2023.
The potential transaction reflects IMMOFINANZ’s strategy and will
strengthen the portfolio focus within the corporate group. The management
and rental of the buildings belonging to the innovative myhive office
brand will still be carried out by the IMMOFINANZ team after the sale to S
IMMO.
As IMMOFINANZ holds a controlling interest of 50% plus 1 share in S IMMO,
this transaction will have no effect on the Group’s asset, financial or
earnings position.
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 5.5 billion and covers roughly 260 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
investor@immofinanz.com
IMMOFINANZ
1100 Vienna, Wienerbergstraße 9, Austria
www.immofinanz.com
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24.02.2023 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: 1567633
End of News EQS News Service
1567633 24.02.2023 CET/CEST
References
Visible links
1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=80e0770945341ce94336a25dcef56fde&application_id=1567633&site_id=apa_ots_austria&application_name=news
2. communications@immofinanz.com
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