Corporate | 7 January 2013 11:00
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IMMOFINANZ AG / Key word(s): Real Estate/Disposal
Corporate News | Press Release Vienna, 7 January 2013 IMMOFINANZ Group sells office building in Prague As of 31 December 2012 IMMOFINANZ Group sold the office building BB Centrum Building C located in Prague to the VIG FUND. The two partners to the contract have agreed not to disclose any information on the purchase price. The property is part of the business park BB Centrum comprising a total of ten office buildings in Prague 4. Of these, three others are owned by IMMOFINANZ Group: the properties 'A', 'B' and 'Gamma'. 'Cycle-optimised sales ensure that an adequate amount of equity is available for the continuous improvement of our development pipeline – the same applies to the sale of BB Centrum Building C. From a strategic perspective, the transaction will result in a more even distribution of our office property portfolio in Prague and thus constitutes an important step in its continued optimisation. The sale is also part of the successful implementation of our sales strategy', comments Manfred Wiltschnigg, COO of IMMOFINANZ Group. BB Centrum Building C offers its tenants approximately 13,000 sqm of space and comprises seven floors as well as two lower levels with 207 parking spaces in the underground garage. In 1998 the office building was the first property in the BB Centrum business park located in the Prague 4 Michle district located directly on the D1 motorway and near line C of the underground. Due to its outstanding accessibility and diverse range of services, the location has become an attractive destination for renowned companies: in addition to high-quality office space, BB Centrum features numerous shops, flats, education and health facilities, restaurants as well as sports facilities and green areas. In the 2010/11 financial year IMMOFINANZ Group launched a EUR 2.5 billion five-year sales programme that is designed to improve the existing property portfolio and increase its turnover rate. The closing of the sales agreement for BB Centrum Building C is evidence of the company's continued success in the implementation of this programme.
On IMMOFINANZ Group
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Bettina Schragl
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Stefan Schönauer
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| Language: | English | |
| Company: | IMMOFINANZ AG | |
| Wienerbergstraße 11 | ||
| 1100 Wien | ||
| Austria | ||
| Phone: | +43 (0) 1 88090 – 2291 | |
| Fax: | +43 (0) 1 88090 – 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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| 198357 07.01.2013 |