CPI Europe AG — M&A Activity 2012

Aug 20, 2012

News Details

Corporate | 20 August 2012 10:39

IMMOFINANZ Group: Proceeds of over EUR 33 million on apartment house sale in Vienna

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

20.08.2012 / 10:39

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Cycle-optimised sales represent a key element of the IMMOFINANZ real estate
machine. With the sale of the Mariahilfer Strasse 53, an apartment building
in Vienna, IMMOFINANZ Group recently completed such a transaction. This
property is a revitalised structure that was built in the late 19th
Century: the ground floor and first floor of the building, which has 4,000
sqm of usable space, contain retail areas that are leased to a well-known
textile chain; the rest of the space includes offices and apartments. The
selling price topped EUR 33 million, which is significantly higher than the
current carrying amount.

'The building at Mariahilfer Strasse 53 has been in our portfolio for over
ten years and on our 'to sell' list for some time because our activities in
the retail segment are concentrated on Quality Shopping Centers and our
STOP.SHOP. retail park chain. Apartment buildings are frequently used as
selling space, especially in the inner city of Vienna, and - as this
transaction shows - have also become increasingly popular with
institutional investors. We are pleased to have again received an
attractive price for one of our properties in this favourable market
environment', commented Daniel Riedl, member of the Executive Board of
IMMOFINANZ Group.

IMMOFINANZ Group launched a five-year, EUR 2.5 billion sale programme
during the 2010/11 financial year, which is designed to adjust and increase
the turnover of the property portfolio. The sale of the Mariahilfer Strasse
53 highlights the continuation of this successful programme. The
transaction is also a perfect match and an excellent contribution to the
company's recent activities to speed up the real estate machine.

On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading 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 1,820 investment properties
with a carrying amount of approx. EUR 10.36 billion. The core business of
IMMOFINANZ Group covers the acquisition and management of investment
properties, the realisation of development projects and the sale of
objects. 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: www.immofinanz.com.

Contact:
For additional information contact:

INVESTOR RELATIONS

Stefan Schönauer
Head of Corporate Finance & Investor Relations
IMMOFINANZ AG
M +43 (0)699 1685 7312
investor@immofinanz.com

Simone Korbelius
Investor Relations
IMMOFINANZ AG
T +43 (0)5 7111 2291
investor@immofinanz.com

MEDIA INQUIRIES

Sandra Bauer
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ AG
T +43 (0)5 7111 2292
M +43 (0)699 1685 7292
communications@immofinanz.com

A-1100 Wien, Wienerbergstraße 11
www.immofinanz.com

End of Corporate News

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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
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

182183 20.08.2012