EQS News: IMMOFINANZ AG / Keyword(s): Real Estate/Sales IMMOFINANZ sells office properties in Vienna March 15, 2024 / 11:30 CET/CEST The issuer/publisher is responsible for the content of the announcement. ═════════════════════════════════════════ ═════════ ════════════════════════ IMMOFINANZ sells office properties in Vienna IMMOFINANZ is taking another step in its portfolio optimization with the sale of two office properties in Vienna. The properties in Vienna’s 20th district were successfully sold to an Austrian real estate investor. “The most recent sales in Austria and Croatia show that we are making very good progress in optimizing our portfolio, even in the current market environment. These successful deals confirm that, thanks to the high quality of our properties and the excellent performance of our teams, we are able to generate added value for our company even in the current challenging environment. In line with our strategy, we will invest the sales proceeds in value-creating acquisitions of higher-yielding properties in our core markets,” says Radka Doehring, member of the IMMOFINANZ Board of Directors. The two office properties on Dresdnerstrasse in Vienna’s 20th district offer modern and flexible offices with a total usable area of around 13,000 m^2 in the northern business district of Vienna. The properties are fully rented. The sale took place above book value and in line with IMMOFINANZ’s strategy. About IMMOFINANZ The IMMOFINANZ Group is a commercial real estate group and focuses its activities on the office and retail segments in eight core markets in Europe: Austria, Germany, Poland, Czech Republic, Slovakia, Hungary, Romania and the Adriatic region. The core business includes the management and development of real estate. IMMOFINANZ relies on its established real estate brands STOP SHOP (retail), VIVO! (retail) and myhive (office) as well as complementary products and portfolios, such as that of S IMMO. IMMOFINANZ increased its stake in S IMMO to 50% plus one share at the end of 2022 and is now fully consolidating this company. The IMMOFINANZ Group has real estate assets worth around EUR 7.8 billion, spread across around 500 properties. The company is listed on the Vienna (leading index ATX) and Warsaw stock exchanges. Further information: (1) https://www.immofinanz.com
If you have any questions, please contact: Simone Korbelius Investor Relations and Corporate Communications T +43 (0)1 88 090 2291 M +43 (0)699 1685 7291 (2)communications@immofinanz.com
(3)investor@immofinanz.com IMMOFINANZ A-1100 Vienna, Wienerbergstraße 9
www.immofinanz.com
═════════════════════════════════════════ ═════════ ════════════════════════ 03/15/2024 CET/CEST Publication of a corporate news/financial announcement, transmitted by EQS Group AG. www.eqs.com
═════════════════════════════════════════ ═════════ ════════════════════════ Language: German Company: Immofinanz AG Wienerbergstraße 9 1100 Vienna Austria Telephone: +43 (0) 1 88090 – 2291 Fax: + 43 1 88090 – 8291 Email: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000A21KS2 WKN: A2JN9W Stock exchanges: open market in Berlin, Frankfurt, Munich, Stuttgart; Warsaw, Vienna Stock Exchange (official trading) EQS News ID: 1860125 End of message EQS News Service 1860125 03/15/2024 CET/CEST References Visible links 1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=80e0770945341ce94336a25dcef56fde&application_id=1860125&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
2. communications@immofinanz.com
3. investor@immofinanz.com