CPI Europe AG — M&A Activity 2011

Jun 10, 2011

News Details

Corporate | 10 June 2011 10:00

IMMOFINANZ AG: IMMOFINANZ Group acquires 100% of top office property in Warsaw

IMMOFINANZ AG / Key word(s): Real Estate/Miscellaneous

10.06.2011 / 10:00

IMMOFINANZ Group acquires 100% of top office property in Warsaw

The IMMOFINANZ Group is taking its next growth and optimisation step in
Warsaw, currently the most attractive market for office properties in
Eastern Europe. The company is acquiring the remaining 49% of the Warsaw
Class A office property Equator and the adjoining office development
project Nimbus from the former project partner, the developer Karimpol S.A.
In exchange, this company will purchase 51% of the adjacent Cirrus
development project from the IMMOFINANZ Group and become the sole
shareholder of this object. The parties have agreed not to release any
information on the purchase or sale price for this transaction.

'This transaction represents a further important milestone in the
implementation of our strategy to take over the full responsibility for
projects and thereby optimise our investment structure', explained Manfred
Wiltschnigg, member of the Executive Board of the IMMOFINANZ Group, on the
reasons for this acquisition. 'With the Equator and Nimbus, we are also
receiving an extremely attractive object and project in the
well-established Warsaw office quarter of Ochota.'

The Equator, Nimbus and Cirrus development projects were part of a joint
venture that was founded in 2006. The Equator Office Building was completed
in 2008; it has over 19,100 sqm of rentable space and is fully occupied at
the present time. The Nimbus development project is currently in an
advanced planning stage. Plans call for the construction of a high-quality
office building with approx. 20,000 sqm at this site. Construction is
scheduled to start at the beginning of 2012.

On the IMMOFINANZ Group
The IMMOFINANZ Group is one of the five largest listed property companies
in Europe and is included in the leading ATX index of the Vienna Stock
Exchange. Since its founding in 1990, the company has compiled a
high-quality property portfolio that now comprises more than 1,600
investment properties with a carrying amount of approx. EUR 8.5 billion.
The core business of the IMMOFINANZ Group covers the acquisition and
management of investment properties, the realisation of development
projects and the sale of objects. The 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. In the first three quarters of
2010/11, the company generated gross cash flow of EUR 303.2 million.
Further information under: www.immofinanz.com.

Contact:
Simone Korbelius
Investor Relations & Corporate Communications
IMMOFINANZ AG

A-1100 Wien, Wienerbergstraße 11
Tel.: +43 (0) 5 7111 - 2291
M.: +43 (0)699 1685 7291
Fax: +43 (0) 5 7111 - 8291

investor@immofinanz.com
www.immofinanz.com

PRESS CONTACT:
Sandra Bauer
Corporate Communictions & Investor Relations
IMMOFINANZ AG

A-1100 Wien, Wienerbergstraße 11
Tel.: +43 (0)5 7111 - 2292
M.: +43 (0)699 1685 7292
Fax: +43 (0)5 7111 - 8292

s.bauer@immofinanz.com
www.immofinanz.com

End of Corporate News

---

10.06.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Österreich
Phone: +43 (0) 5 7111 - 2291
Fax: +43 (0) 5 7111 - 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

128131 10.06.2011