CPI Europe AG — Capital/Financing Update 2010

Nov 26, 2010

News Details

Corporate | 26 November 2010 08:36

IMMOFINANZ AG: IMMOFINANZ Group refinances three properties in Poland for EUR 250 million with Helaba

IMMOFINANZ AG / Key word(s): Miscellaneous

26.11.2010 08:36

IMMOFINANZ Group refinances three properties in Poland for EUR 250 million
with Helaba

The IMMOFINANZ Group has successfully completed the refinancing of three
major objects in Poland in a property-backed deal. The financing partner is
Helaba Landesbank Hessen-Thüringen.

The refinanced properties include the award-winning Silesia City Center
shopping mall in Katowice as well as the IO-1 and Brama Zachodnia office
buildings in Warsaw.

The Silesia City Center, which was acquired by the IMMOFINANZ Group in
2005, is the largest and most modern shopping mall in Upper Silesia.
Katowice is the hub of this booming region, which is one of the most
important economic centres in Poland. This 110,000 m2 shopping mall has
66,000 m2 of rentable space that provides room for 240 retail outlets and
3,000 parking spaces.

A project to expand the Silesia City Center by 20,000 m2 was launched in
2010. The existing facility has been fully rented for some time, and tenant
interest in the new space is also substantial. The newly designed shopping
centre is scheduled to open in autumn 2011.

The refinanced portfolio also includes two first-class office buildings in
Warsaw: the Brama Zachodnia and the IO-1. The 14-storey Brama Zachodnia was
completed in 2001 and has 24,000 m2 of rentable space. The IO-1, which
opened in 2007, has 23,000 m2 of rentable space and is fully occupied. Both
objects offer ideal connections to the traffic network and state-of-the-art
facilities.

'Successful refinancing, especially in economically challenging times,
confirms our strategy. This transaction is an impressive demonstration of
the IMMOFINANZ Group's strength on the market and its ability to find
cooperation partners in the financial world', emphasised Eduard Zehetner,
CEO of the IMMOFINANZ Group.

Contact:
Margit Hermentin
Head of Investor Relations & Corporate Communications
IMMOFINANZ AG
A-1120 Vienna, Gaudenzdorfer Gürtel 67
Tel.: +43 (0) 5 7111 - 2290
Fax: +43 (0) 5 7111 - 8290

m.hermentin@immofinanz.com
www.immofinanz.com

Press-Coordination:
Hieronymus Tupay
ACCEDO Austria GmbH
Tel.: +43 1 533 87 00 - 23
Hieronymus.Tupay@accedogroup.com

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Language: English
Company: IMMOFINANZ AG
Gaudenzdorfer Gürtel 67
A-1120 Wien
Österreich
Phone: +43 (0) 5 7111 - 2290
Fax: +43 (0) 5 7111 - 8290
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in München, Berlin, Stuttgart; Open Market in
Frankfurt; Foreign Exchange(s) Wien (Amtlicher Handel /
Official Market)

End of Announcement DGAP News-Service

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