CPI Europe AG — M&A Activity 2013

May 28, 2013

News Details

Ad-hoc | 28 May 2013 07:59

IMMOFINANZ Group sells Silesia City Center

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

28.05.2013 07:59

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The issuer is solely responsible for the content of this announcement.

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IMMOFINANZ Group announces a large property sale in Eastern Europe: the
Silesia City Center in Katowice, Poland, one of the premium standing
investments owned by this Austrian real estate company, will be purchased
by an international investor consortium led by Allianz. At EUR 412 million,
the purchase price exceeds the respective carrying amount. The contract was
signed on 27 May 2013. The transaction is subject to suspensive conditions,
e.g. approval by the Polish competition authorities, and the closing is
expected to take place in September 2013.

'The Silesia City Center is one of IMMOFINANZ's most notable success
stories to date in the retail sector. The shopping mall is fully rented and
one of the top five in Poland. Cycle-optimised sales like this are an
important part of our business model - in this way we release equity and
create the necessary liquidity to invest in new development projects. This
transaction further confirms our valuations in Eastern Europe', indicates
Eduard Zehetner, CEO of IMMOFINANZ Group.' A look at the IMMOFINANZ core
countries shows that Poland - in addition to Moscow - has the greatest
potential for the development of high-quality shopping centers.' This is
also illustrated by IMMOFINANZ's decision to build the Tarasy Zamkowe - a
shopping, entertainment and recreation center in Lublin.

'The Silesia sale underscores the start of recovery on the investment
market in Eastern Europe. The interest of investors is returning, a trend
that is also supported by general market indicators. We are optimistic that
we will be able to conclude further sales in this region during the current
financial year', added Zehetner. According to CBRE, the transaction volume
in CEE tripled in quarter-on-quarter comparison during the first three
months of 2013 and, at EUR 2.6 billion, reached the highest level since the
first quarter of 2008.

IMMOFINANZ acquired the Silesia City Center in 2006 and, based on the high
demand, decided to expand the facility. The extension opened at the end of
2011. With approx. 89,000 sqm of selling space and nearly 340 shops, the
Silesia City Center is the market leader in Silesia. This IMMOFINANZ
property has received numerous prizes and was one of the winners at the
ICSC European Shopping Center Awards in 2013.

On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading listed property companies in Europe.
The company is included in the leading ATX index of the Vienna Stock
Exchange and listed on the Warsaw Stock Exchange. Since its founding in
1990, the company has compiled a high-quality property portfolio that now
comprises more than 1,810 investment properties with a carrying amount of
approx. EUR 10.49 billion. As a 'real estate machine', the company
concentrates on linking its three core business areas: the development of
sustainable, specially designed prime properties in premium locations, the
professional management of these properties and cycle-optimised sales.
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: http://www.immofinanz.com |
http://blog.immofinanz.com | http://properties.immofinanz.com

For additional information please contact:

MEDIA INQUIRIES

Bettina Schragl
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ Group
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications@immofinanz.com

INVESTOR RELATIONS

Stefan Schönauer
Head of Corporate Finance & Investor Relations
IMMOFINANZ Group
T +43 (0)1 88 090 2312
M +43 (0)699 1685 7312
investor@immofinanz.com

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

28.05.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 1 88090 - 2291
Fax: +43 (0) 1 88090 - 8291
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in Open
Market ; Wien (Amtlicher Handel / Official Market)

End of Announcement DGAP News-Service

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