EQS-News: IMMOFINANZ AG: IMMOFINANZ sells Vienna Twin Towers to S IMMO

40

EQS-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal
IMMOFINANZ AG: IMMOFINANZ sells Vienna Twin Towers to S IMMO

11.07.2023 / 14:11 CET/CEST
The issuer is solely responsible for the content of this announcement.

══════════════════════════════════════════════════════════════════════════

IMMOFINANZ sells Vienna Twin Towers to S IMMO

IMMOFINANZ is pleased to announce the sale of the Twin Towers on
Wienerbergstrasse in Vienna to S IMMO.

“This sale is consistent with our focused portfolio strategy,” said Pavel
Měchura, member of the Executive Board of IMMOFINANZ. “We continue to
capture synergies and efficiency gains along with S IMMO, which will
ultimately benefit all stakeholders.“

Management and leasing of the property, which is 100% occupied and
operates under the innovative myhive brand, will continue to be carried
out by IMMOFINANZ. Because IMMOFINANZ fully consolidates S IMMO, the
transaction will not have any impact on the Group’s financial position.

 

On IMMOFINANZ

The IMMOFINANZ Group is a commercial real estate corporation 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 IMMOFINANZ relies on its
established brands – STOP SHOP (retail), VIVO! (retail) and myhive
(office) – as well as complementary products and portfolios like S IMMO.
IMMOFINANZ increased its investment in S IMMO to 50% plus one share at the
end of 2022 and now includes this company through full consolidation. The
real estate portfolio of the IMMOFINANZ Group has a value of approximately
EUR 7.9 billion and covers roughly 550 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:

Simone Korbelius
Senior Investor Relations Manager
T +43 (0)1 88 090 2291
M +43 (0)699 1685 7291
[2]communications@immofinanz.com
[3]investor@immofinanz.com
IMMOFINANZ
1100 Vienna, Wienerbergstrasse 9, Austria
www.immofinanz.com

══════════════════════════════════════════════════════════════════════════

11.07.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com

══════════════════════════════════════════════════════════════════════════

Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 9
1100 Vienna
Austria
Phone: +43 (0) 1 88090 – 2291
Fax: +43 1 88090 – 8291
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: 1670565

 
End of News EQS News Service

1670565  11.07.2023 CET/CEST

References

Visible links
1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=80e0770945341ce94336a25dcef56fde&application_id=1670565&site_id=apa_ots_austria&application_name=news
2. communications@immofinanz.com
3. investor@immofinanz.com

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS. www.ots.at
© Copyright APA-OTS Originaltext-Service GmbH und der jeweilige Aussender

Weiterlesen..