EQS-News: IMMOFINANZ takes another step to optimise portfolio

EQS-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal
IMMOFINANZ takes another step to optimise portfolio

31.03.2023 / 16:43 CET/CEST
The issuer is solely responsible for the content of this announcement.

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IMMOFINANZ takes another step to optimise portfolio

 IMMOFINANZ is taking another important step in optimising its portfolio
by selling an office property in Vienna. The “Bureau am Belvedere”
building, with nearly 9,000 sqm of space, was sold to an Austrian
investor.

 “After successful sales totalling roughly EUR 166 million last year, the
current transaction in Vienna is another step in implementing our
portfolio strategy. The sale also proves that there is strong demand for
our properties in the current environment. That is why we are making very
good progress with our portfolio optimisation and the stronger focus on
retail properties and office solutions with a higher yield that comes
along with it,” says Radka Doehring, Executive Chairwoman of IMMOFINANZ.

The “Bureau am Belvedere” office building is located in the urban center,
in Vienna’s fourth district, and has an excellent view of the Belvedere
Palace and the palace gardens. The property is fully rented. The
transaction was carried out 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 the STOP SHOP (retail), VIVO! (retail)
and myhive (office) brands represent strong focal points that stand for
quality and service, and complementary products and portfolios, including
that of S IMMO. As of the end of 2022, IMMOFINANZ increased its investment
in S IMMO to 50% plus 1 share and has now fully consolidated this company.
The real estate portfolio of the IMMOFINANZ GROUP has a value of
approximately EUR 8.4 billion and covers roughly 630 properties.
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:

Bettina Schragl
Head of Corporate Communications and Investor Relations
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
[2]communications@immofinanz.com
[3]investor@immofinanz.com

  IMMOFINANZ
1100 Vienna, Wienerbergstraße 9, Austria
www.immofinanz.com

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31.03.2023 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 – 2290
Fax: +43 (0) 1 88090 – 8290
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: 1598777

 
End of News EQS News Service

1598777  31.03.2023 CET/CEST

References

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1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=80e0770945341ce94336a25dcef56fde&application_id=1598777&site_id=apa_ots_austria&application_name=news
2. communications@immofinanz.com
3. investor@immofinanz.com

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