EQS-News: IMMOFINANZ sells office properties in Vienna

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

15.03.2024 / 11:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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IMMOFINANZ sells office properties in Vienna

IMMOFINANZ is taking another step in optimising its portfolio by selling
two office properties in Vienna. The properties in the 20^th district of
Vienna have been successfully sold to an Austrian real estate investor.

“The most recent sales in Austria and Croatia show that we are also making
very good progress in optimising our portfolio 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 currently
challenging environment. In line with our strategy, we will invest the
proceeds from the sale in value-creating purchases of higher yielding
properties in our core markets,” says Radka Doehring, member of the
IMMOFINANZ Executive Board.

The two office properties in Dresdnerstraße in Vienna’s 20th district
offer modern and flexible offices with approximately 13,000 sqm of usable
space in the northern business district of Vienna. The properties are
fully rented and were sold above carrying amount and in line with
IMMOFINANZ’s strategy.

 

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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15.03.2024 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: 1860125

 
End of News EQS News Service

1860125  15.03.2024 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