CPI Europe AG — M&A Activity 2012

Jun 26, 2012

News Details

Corporate | 26 June 2012 09:47

IMMOFINANZ Group acquires self-storage property in Den Bosch

IMMOFINANZ AG / Key word(s): Real Estate

26.06.2012 / 09:47

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With the acquisition of a property in the Dutch city of Den Bosch during
mid-June, IMMOFINANZ Group has further expanded its self-storage portfolio.
This facility will now be integrated into IMMOFINANZ Group's successful
City Box chain, bringing the total number of City Box properties to 24.

'Our regular travels through our markets always include the evaluation of
interesting acquisition targets. With the takeover of an existing
self-storage property in Den Bosch, we have acquired an asset that can be
optimally integrated into our established City Box chain in the Netherlands
and will lead to a further increase in value. One of the decisive factors
for us was the opportunity to close the transaction at once and to
immediately start work on the realisation of available synergies',
commented Manfred Wiltschnigg, member of the Executive Board of IMMOFINANZ
Group.

IMMOFINANZ Group has held a successful position on the Dutch market for
five years with City Box: it acquired a 90% stake in this Dutch
self-storage company in 2007 and increased this holding to 95% during the
2009/10 financial year. The acquisition of this self-storage property in
Den Bosch will expand the company's portfolio to include an attractive
location approx. 90 km south of Amsterdam that offers both private and
business customers approx. 5,000 sqm of storage space in 700 units.
Wiltschnigg added: 'We see a growing demand for safe and affordable
temporary storage space, not only by private households but also by
self-employed persons and smaller firms. And the City Box concept provides
a flexible solution exactly for their needs.' With a current total of 24
facilities near major cities, City Box is one of the leading self-storage
companies in the Netherlands.

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 1,830 investment properties
with a carrying amount of approx. EUR 9.81 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

175393 26.06.2012