EQS-News: IMMOFINANZ sells office property in Zagreb

EQS-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal
IMMOFINANZ sells office property in Zagreb

08.02.2024 / 14:32 CET/CEST
The issuer is solely responsible for the content of this announcement.

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IMMOFINANZ sells office property in Zagreb

IMMOFINANZ has successfully closed the sale of the Grand Center Zagreb
office property to a Croatian real estate company. This transaction
represents a further step in the optimisation of the portfolio.

“The sale of this office property in Zagreb shows that we are also making
very good progress in the optimisation of our portfolio in the current
market environment. In line with our strategy and focus on value creation,
the proceeds will be invested in the expansion of our innovative office
solutions and retail properties in our core markets“, explained Radka
Doehring, member of the IMMOFINANZ Executive Board.

The Grand Center Zagreb is a modern, high-quality office building with an
unmistakable architectonic design and a distinctive, unique appearance. In
the heart of the Croatian capital, it offers tenants exclusive office
space over roughly 16,000 sqm of usable space and perfect local amenities
with numerous bars and restaurants. The building was completed in 2006 and
is fully rented.

 

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 7.8 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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08.02.2024 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; Warschau, Vienna Stock Exchange (Official Market)
EQS News ID: 1833509

 
End of News EQS News Service

1833509  08.02.2024 CET/CEST

References

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2. communications@immofinanz.com
3. investor@immofinanz.com