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CPI Europe AG — M&A Activity 2013
Feb 18, 2013
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M&A Activity
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Ad-hoc | 18 February 2013 12:29
IMMOFINANZ Group sells Kempinski Residences and Hotel in St. Moritz
IMMOFINANZ AG / Key word(s): Real Estate/Disposal
18.02.2013 12:29
Dissemination of an Ad hoc announcement, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Ad hoc-announcement
Vienna, 18 February 2013
IMMOFINANZ Group sells Kempinski Residences and Hotel in St. Moritz
IMMOFINANZ Group announces the signing of a purchase contract for 100% of
the shares in Les Bains de St. Moritz Holding AG. The transaction is
expected to close in March 2013, and the parties have agreed not to reveal
any information on the buyer or the purchase price.
'This sale underscores the functioning of our concept of a real estate
machine and the steady implementation of our strategy to withdraw from
secondary markets and from the asset class hotel', commented Eduard
Zehetner, Chief Executive Officer of IMMOFINANZ Group.
The property in St. Moritz comprises a five-star hotel that is operated by
Kempinski, the Casino St. Moritz and the exclusive Kempinski Hotel
Residences as well as various annexes. It has approx. 34,000 sqm of usable
space.
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 10.51 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. The company's goal is to generate greater
profitability along the entire value change with a clearly defined,
standardised and industrialised process. 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
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
[email protected]
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
[email protected]
A-1100 Wien, Wienerbergstraße 11
www.immofinanz.com
18.02.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 1 88090 - 2291
Fax: +43 (0) 1 88090 - 8291
E-mail: [email protected]
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