Corporate | 11 July 2023 14:11
IMMOFINANZ AG: IMMOFINANZ sells Vienna Twin Towers to S IMMO
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EQS-News: IMMOFINANZ AG
/ Key word(s): Real Estate/Disposal
IMMOFINANZ sells Vienna Twin Towers to S IMMO IMMOFINANZ is pleased to announce the sale of the Twin Towers on Wienerbergstrasse in Vienna to S IMMO. “This sale is consistent with our focused portfolio strategy,” said Pavel Měchura, member of the Executive Board of IMMOFINANZ . “We continue to capture synergies and efficiency gains along with S IMMO, which will ultimately benefit all stakeholders.” Management and leasing of the property, which is 100% occupied and operates under the innovative myhive brand, will continue to be carried out by IMMOFINANZ. Because IMMOFINANZ fully consolidates S IMMO, the transaction will not have any impact on the Group’s financial position.
On IMMOFINANZ The IMMOFINANZ Group is a commercial real estate corporation 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 brands – STOP SHOP (retail), VIVO! (retail) and myhive (office) – as well as complementary products and portfolios like S IMMO. IMMOFINANZ increased its investment in S IMMO to 50% plus one share at the end of 2022 and now includes this company through full consolidation. The real estate portfolio of the IMMOFINANZ Group has a value of approximately EUR 7.9 billion and covers roughly 550 properties. IMMOFINANZ is listed on the stock exchanges in Vienna (leading ATX index) and Warsaw. Further information under https://www.immofinanz.com
For additional information contact:
Simone Korbelius
IMMOFINANZ 1100 Vienna, Wienerbergstrasse 9, Austria www.immofinanz.com
11.07.2023 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: | 1670565 |
| End of News | EQS News Service |