EQS-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal
IMMOFINANZ sells office properties in Warsaw
13.06.2024 / 13:54 CET/CEST
The issuer is solely responsible for the content of this announcement.
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IMMOFINANZ sells office properties in Warsaw
IMMOFINANZ is selling an office property complex in Warsaw to a Polish
real estate investor, thus taking another step in its strategic portfolio
optimisation.
IMMOFINANZ has successfully completed the sale of three office buildings
in Warsaw to the Polish ECHO Investment Group. The transaction price
amounts to EUR 28.5 million. Located in Warsaw’s Mokotów Business
District, the office complex has approximately 43,000 sqm of usable space.
The sale is in line with the portfolio optimisation strategy of IMMOFINANZ
and was carried out at approximately carrying amount.
“We are pleased about the successful sale as part of our portfolio
optimisation programme and will reinvest the released liquidity in the
value-creating expansion of our innovative office and retail solutions,”
says Radka Doehring, member of the IMMOFINANZ Executive Board.
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 IMMOFINANZ relies on its established
real estate brands – STOP SHOP (retail), VIVO! (retail) and myhive
(office) – and also on complementary products and portfolios that include
S IMMO. IMMOFINANZ increased its investment in S IMMO to 50% plus one
share at the end of 2022 and now consolidates this company in full.
IMMOFINANZ Group holds roughly 500 properties with a combined value of
approximately EUR 8.1 billion. 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
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 1100 Vienna, Wienerbergstraße 9, Austria
www.immofinanz.com
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13.06.2024 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 – 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, Tradegate Exchange; Warschau, Vienna Stock
Exchange (Official Market)
EQS News ID: 1924725
End of News EQS News Service
1924725 13.06.2024 CET/CEST
References
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2. communications@immofinanz.com
3. investor@immofinanz.com