CPI Europe AG — M&A Activity 2012

Mar 23, 2012

News Details

Ad-hoc | 23 March 2012 18:52

IMMOFINANZ AG: IMMOFINANZ Group acquires 100% of the Golden Babylon Rostokino shopping center in Moscow

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

23.03.2012 18:52

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Ad-hoc Announcement Vienna, 23 March 2012

IMMOFINANZ Group acquires 100% of the
Golden Babylon Rostokino shopping center in Moscow

IMMOFINANZ Group announces the signing of an agreement on 21 March 2012 for
the purchase of the remaining 50% stake in the Golden Babylon Rostokino
from the co-owner Patero. The Golden Babylon Rostokino shopping center in
Moscow was developed as a joint venture with Patero, a local firm, and
opened in November 2009. The parties have agreed not to disclose any
information on the purchase price. The closing is expected to take place in
mid-May.

'The full takeover of the Golden Babylon Rostokino will double the rental
income from our most profitable shopping center - an important milestone
for the Group. This additional income will significantly strengthen the
earnings generated by our asset management business. We will also move a
major step closer to our goal of increasing EBITDA to EUR 600 million by
2012/13', commented Eduard Zehetner, Chairman of the Executive Board of
IMMOFINANZ Group.

The Golden Babylon Rostokino shopping center is located in Sviblovo, a
densely populated district in Moscow. With 168,000 sqm of rentable space
and 241,000 sqm of total space, it is not only a flagship for the Moscow
retail sector but also one of the largest shopping centers in Continental
Europe. Over 500 shops are situated on two floors, and 7,500 parking spaces
are available for customers. The balanced tenant mix covers well-known
local and international retail chains, including Media Markt, H&M, Inditex
(Zara, Zara Home, Bershka), a Castorama building materials outlet, the
Finnish department store Stockmann and the Russian food hypermarket O'key.
This extensive offering is complimented by a cinema with 14 theaters and
numerous gastronomy facilities. The shopping center currently has an
occupancy rate of roughly 95%.

The transfer of the remaining shares in Golden Babylon Rostokino is
contingent upon the fulfilment of several conditions precedent, including
the approval of the Russian antitrust authorities.

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 1,850 investment properties
with a carrying amount of approx. EUR 9.65 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

23.03.2012 DGAP's Distribution Services include Regulatory Announcements,
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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 Announcement DGAP News-Service

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