EQS News: IMMOFINANZ AG / Key word(s): Real Estate/Sales United Benefits Holding acquires the City Tower Vienna from IMMOFINANZ for EURO REAL ESTATE 05/06/2024 / 08:30 CET/CEST The issuer/publisher is responsible for the content of the announcement responsible. ════════════════════════════════════════ ══════════ ════════════════════════ United Benefits Holding acquires the City Tower Vienna from IMMOFINANZ • Landmark property with 26,600 m² of total usable space for EURO REAL ESTATE – Location in Vienna Mitte • United Benefits Holding realized the purchase of the “Justizzentrum Wien Mitte” for EURO REAL ESTATE with a transaction volume of more than 150 million euros • Transaction was brokered by EHL Investment Consulting Vienna, May 6th, 2024 – With a purchase price of more At more than 150 million euros, the sale is the largest transaction of 2024 so far in the office segment on the Austrian real estate market: EURO REAL ESTATE, a company of the Wilhelm von Finck Group, has acquired the City Tower Vienna, one of the most prominent office properties in Vienna, from IMMOFINANZ . United Benefits Holding implemented the purchase as part of an individual mandate and will support asset management as a local partner in the future. By demonstrating taxonomy capability at an early stage, United Benefits Holding was also able to optimize the financing conditions with a major domestic bank. The tower has a total usable area of around 26,600 m² on 24 upper and 4 basement floors as well as 100 underground parking spaces. It is rented as a whole to the Republic of Austria and houses the Justice Center Vienna Mitte. The transaction was brokered by EHL Investment Consulting. The 87 meter high complex includes a high-rise tower with a twisted head structure and two partially elevated side buildings, each 28 meters high. It is located in a central city location on Marxergasse, right next to the urban center of Wien Mitte station, the most important inner-city transport hub with stations on the U3 and U4, express trains, long-distance trains, the CAT as well as numerous tram and bus lines. The airport can be reached in 16 minutes, the main train station and Westbahnhof can be reached within ten minutes. Michael Klement, CEO of United Benefits Holding: “The City Tower Vienna is an iconic object that has become a landmark of the Vienna skyline. The fact that we can identify and realize long-term investment opportunities of this magnitude in this difficult market phase confirms the trust that institutional investors once again place in us. The tower is a landmark property that we want to develop into a green asset with a top tenant over the next few years. For us, this project, from deal sourcing to transaction management to active asset management, is a renewed proof of concept for our integrated service portfolio.” Ralf Peter, Managing Director of EURO REAL ESTATE, on the transaction: “This acquisition of the City Tower Vienna by EURO REAL ESTATE underlines our commitment to sustainable and stable value investments in first-class properties. We are proud to work with United Benefits Holding as our transaction manager, whose expertise and comprehensive range of services successfully completed this complex transaction. This purchase shows our confidence in the Vienna market and our strategy to invest in trophy assets that create long-term value for the Wilhelm von Finck Group.” “The successful sale of the City Tower Vienna shows that we are making very good progress with our strategic sales program . We managed to sell this landmark property at an attractive price in the area of the book value. With a sales price of more than 150 million euros, it is the largest transaction on the Vienna office property market to date this year and proves the excellent quality of our properties and the high real estate expertise of our team in times when the investment market is characterized by buyer reluctance. In line with our strategy, we will use the proceeds to acquire retail and office properties with higher returns and thereby create value,” explains Radka Doehring, member of the IMMOFINANZ Board of Directors. “We are very proud that we were able to sell this trophy property to an investor focused on sustainable investments during this challenging time. The long contract period with the Republic as the best possible tenant in one of the most attractive locations in Vienna is the basis for this transaction,” explains Franz Pöltl, managing partner of EHL Investment Consulting. “We see that investors with strong equity are beginning to put out feelers in the absolute top segment and are thus anticipating the expected recovery of the investment market.” In the transaction, United Benefits Holding and its subsidiaries are responsible for deal sourcing, structuring and financing as well as due diligence responsible for contract negotiations. Technical support came from Schönherr Rechtsanwälte (Legal), TPA Unternehmensberatung (Tax), United Climate (ESG Check) and Salzmann Capital (Financing). About United Benefits Holding United Benefits Holding is an independent real estate service provider with a holistic approach. Together with the subsidiaries INVESTER United Benefits (Development), EKAZENT Asset Management, United Climate (ESG-Full-Service) and WEALTHCORE Investment Management, the United Benefits Holding Group initiates, develops, realizes and manages real estate investments in the DACH region and offers all Services and processes along the entire value chain of a real estate investment. In line with the company’s clear ESG strategy, all investments focus on independence, transparency and social justice, as well as CO2 reduction and sustainable value creation. The group employs around 90 people and manages a volume of around 2 billion euros. (1) www.ub-holding.com
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 1 share at the end of 2022 and is now fully consolidating this company. The IMMOFINANZ Group has real estate assets worth around EUR 8.2 billion, spread over around 500 properties. The company is listed on the Vienna (leading index ATX) and Warsaw stock exchanges. Further information: (2) https://www.immofinanz.com
About EHL Immobilien EHL Immobilien is one of Austria’s leading real estate service providers and specializes in commercial, investment and residential real estate. The spectrum ranges from real estate brokerage, property valuation, asset and portfolio management to market research and investment advice. The exclusive partnership with the global real estate service provider BNP Paribas Real Estate ensures the EHL Group a global network and market know-how in 23 countries. EHL Immobilien was founded in 1991 and is now active in all major market segments, in particular the rental of offices (approx. 60,000 m² in 2023) and retail properties through its subsidiary EHL Gewerbeimmobilien GmbH as well as the brokerage of apartments (approx. 1,750 residential units rental/sale/investment in 2023) through the subsidiary EHL Wohnen GmbH, one of the leading brokerage companies in Austria. In addition, the subsidiary EHL Investment Consulting GmbH is the market leader in Austria with a brokered transaction volume of approximately EUR 700 million. Furthermore, EHL Immobilien Evaluation GmbH is number 1 in the area of real estate valuation. (3) www.ehl.at
Pressekontakte
United Benefits Holding GmbH
Agentur SCRIVO Public Relations
Tristan Thaller
T + 49 89 45 23 508 15, M +49 1512 1731447
(4)tristan.thaller@scrivo-pr.de;
Website: (5) www.scrivo.de
IMMOFINANZ
Investor Relations and Corporate Communications
Simone Korbelius
T +43 1 88 090 2291, M +43 699 1685 7291
(6)communications@immofinanz.com, (7)investor@immofinanz.com
EHL Immobilien
M&B PR, Thomas Brey
M +43 676 542 39 09, (8)brey@mb-pr.at ═════════════════════════════════════ ════════ ═════════════════════════════ 05/06/2024 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: 1895659 End of message EQS News Service 1895659 05/06/2024 CET/CEST References Visible links 1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=24b39ec749972abb244f8fe10518c163&application_id=1895659&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=80e0770945341ce94336a25dcef56fde&application_id=1895659&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=d08e6b894cf6ca2029dad51511ca70c3&application_id=1895659&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
4. tristan.thaller@scrivo-pr.de
5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=88d2796259df4935ed69be9a89ad41da&application_id=1895659&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
6. communications@immofinanz.com
7. investor@immofinanz.com
8. brey@mb-pr.at