Corporate | 16 February 2012 11:14


IMMOFINANZ Group: Silesia City Center extension receives award as ‘Extended/Refurbished Project of the Year’


IMMOFINANZ AG / Key word(s): Real Estate

16.02.2012 / 11:14


On 9 February 2012 IMMOFINANZ Group received the 'Extended/Refurbished Project of the Year' award from EuropaProperty for the second phase of the Silesia City Center . This annex, which was developed directly by the Group, opened in October 2011 and has since enjoyed great popularity, with 300,000 visitors counted in the first week alone. With 86,000 sqm of selling space and a total of 310 shops, the Silesia City Center is one of the top five shopping centers in Poland.

The CEE Retail Real Estate Awards were presented this year for the fourth time by the portal EuropaProperty. On 9 February 2012 in Warsaw, well-known retailers and investors from nine countries were honoured in over 20 categories. The award for the 'Extended/Refurbished Project of the Year' went to IMMOFINANZ Group: the Silesia City Center extension convinced the jury of distinguished experts.

The opening in October 2011 was a huge success, not only because of a personal appearance by Paris Hilton: the Silesia City Center is the largest and most modern shopping center in Katowice, the heart of the economic region of Upper Silesia. This facility, which originally provided space for 250 shops on 66,000 sqm, was enlarged by the IMMOFINANZ Group's commercial development team to add 20,000 sqm with space for an additional 60 stores. Together with the Maritimo Shopping Center , which opened last October in Romania and was recognised with the renowned CIJ Award, the Silesia City Center extension is one of the most important development projects completed by IMMOFINANZ Group in 2011.

'The extension of the Silesia City Center proved to be an excellent decision: high visitor frequency, the successful completion of refinancing in November – and now this award as the 'Extended/Refurbished Project of the Year'. The EuropaProperty Award Gala was attended, just as every year, by all well-known names in the branch. That makes me even more pleased to see IMMOFINANZ Group as one of this year's winners', commented Eduard Zehetner, Chief Executive officer of IMMOFINANZ Group. 'With the Silesia City Center we have set a course for Poland that we intend to continue in the future: our strategy calls for the development of high quality shopping centers, and our next project of this type will be realised in Lublin.'

On IMMOFINANZ Group
IMMOFINANZ Group is one of the five largest listed property companies in Europe and is included in the leading ATX index of the Vienna Stock Exchange. Since its founding in 1990, the company has compiled a high-quality property portfolio that now comprises more than 1,600 standing investment properties with a carrying amount of approx. EUR 8.7 billion. The core business of the IMMOFINANZ Group covers the acquisition and the active management of investment properties, the realisation of development projects and the sale of objects. IMMOFINANZ Group concentrates its activities in the retail, office, logistics and residential segments of eight regional core markets: Austria, Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Russia. Further information under www.immofinanz.com .


Contact:
For additional information contact:

INVESTOR RELATIONS

Stefan Schönauer
Head of Corporate Finance & Investor Relations
IMMOFINANZ AG
M +43 (0)699 1685 7312
investor@immofinanz.com

Simone Korbelius
Investor Relations
IMMOFINANZ AG
T +43 (0)5 7111 2291
investor@immofinanz.com

MEDIA INQUIRIES

Sandra Bauer
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ AG
T +43 (0)5 7111 2292
M +43 (0)699 1685 7292
communications@immofinanz.com

A-1100 Wien, Wienerbergstraße 11
www.immofinanz.com



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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 5 7111 – 2291
Fax: +43 (0) 5 7111 – 8291
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in Frankfurt; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service

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