Corporate | 2 September 2013 10:00
IMMOFINANZ AG / Key word(s): Disposal/Real Estate
02.09.2013 / 10:00
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IMMOFINANZ Group announces the closing of the sale of the Hilton Vienna
Danube for EUR 48.4 million to a subsidiary of Internos Real Investors
Kapitalanlagegesellschaft, Frankfurt am Main. This transaction, which
continues the company's exit from the non-core hotel business, took place
above the carrying amount of the property. The parties have agreed not to
disclose any further details on the transaction.
'We intend to withdraw completely from the hotel segment and are using the
current attractive seller's market. Following the profitable sale of the
Grand Hotel Kempinski in St. Moritz during February of this year, this
latest transaction moves us close to our goal of ending our business in
this asset class', explained Eduard Zehetner, CEO of IMMOFINANZ Group. 'In
the transaction area, we currently have the most extensive pipeline of
potential deals in years. The demand for prime properties has been fuelled
by the reserved forecasts for economic growth, low interest rates and the
belief of many market participants that this situation will not change in
the near future.'
IMMOFINANZ Group's hotel segment (based on the primary use of the property)
now only includes one object: the Leonardo Vienna. This property is also on
the market following the completion of renovation.
The Hilton Vienna Danube was opened in 2003 and has 367 rooms, including 24
suites. The lease with the Hilton Group, which operates this four-star
hotel, was extended for 20 years in 2011. The hotel stands out - as the
only one of its kind in Vienna - with a location direct on the Danube. The
building was completely renovated in 2010 and 2011.
On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading listed property companies in Europe.
The company is included in the leading ATX index of the Vienna Stock
Exchange and also trades on the Warsaw Stock Exchange. Since its founding
in 1990, the company has compiled a high-quality property portfolio that
now comprises more than 1,700 investment properties with a carrying amount
of approx. EUR 10.5 billion. As a 'real estate machine' the company
concentrates on linking its three core business areas: the development of
sustainable, specially designed prime properties in premium locations, the
professional management of these properties and cycle-optimised sales.
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: http://www.immofinanz.com |
http://blog.immofinanz.com | http://properties.immofinanz.com
For additional information please contact:
MEDIA INQUIRIES
Bettina Schragl
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ Group
T +43 (0)1 88 090 2290
M +43(0)699 1685 7290
communications@immofinanz.com
INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance & Investor Relations
IMMOFINANZ Group
T +43 (0)1 88 090 2312
M +43 (0)699 1685 7312
investor@immofinanz.com
End of Corporate News
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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; Frankfurt in
Open Market ; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
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