CPI Europe AG — M&A Activity 2014

Jan 21, 2014

News Details

Corporate | 21 January 2014 10:26

IMMOFINANZ Group expands STOP.SHOP. portfolio in Slovenia and Czech Republic

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

21.01.2014 / 10:26

---

IMMOFINANZ Group is continuing the expansion of its successful STOP.SHOP.
retail warehouse chain: at the end of December, five operational commercial
parks - four in Slovenia and one in the Czech Republic - were acquired for
a total purchase price of approx. EUR 26 million. These fully rented retail
parks will be rebranded during the first half of 2014: they will be
outfitted with the characteristic STOP.SHOP. look and expand the existing
STOP.SHOP. portfolio by nearly 19.000 sqm of rentable space to approx.
335,000 sqm.

'These acquisitions represent an excellent addition to our STOP.SHOP.
portfolio in the Czech Republic and Slovenia. Good locations, successful
results at all sites, a favourable local competitive situation and a
classical, strong tenant mix make these investment opportunities
particularly attractive, also with regard to the price', indicated Eduard
Zehetner, CEO of IMMOFINANZ Group.

The package in Slovenia covers four properties at established retail
locations in Celje, Velenje, Domzale and Postojna. The seller is a fund
managed by Pramerica Real Estate Investors. This acquisition will increase
IMMOFINANZ Group's Slovenian retail warehouse portfolio to six locations.
The transaction in the Czech Republic involves a new commercial park in
Kladno, a city roughly 30 km northwest of Prague with 70,000 residents. The
seller here is the Strasser Immobilien Group. In the Czech Republic, the
STOP.SHOP. brand now has ten branches.

All five properties are fully rented and have an attractive tenant mix that
includes, among others, Deichmann, Takko, Müller and JYSK. These
established anchor tenants are also found in other STOP.SHOP.s.

IMMOFINANZ Group is also expanding with its retail warehouse chain in
Poland: in November 2013 the second Polish STOP.SHOP. opened in Mlawa, and
a further location will follow in Ketrzyn during the first half of 2014.
Both are own development projects. Plans call for the addition of ten
further STOP.SHOP.s in Poland over the coming years.

The flexible concept behind the STOP.SHOP. brand is based on regional
shopping centers at central locations in catchment areas with 30,000 -
150,000 residents. The rentable space ranges from 2,500 sqm to 15,000 sqm
and offers visitors sufficient parking areas, optimal traffic connections
and high functionality with an attractive mix of international and national
retailers. Including the newest locations, the STOP.SHOP. portfolio covers
52 retail warehouses in six countries.

On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading listed property investors and
developers in Europe. The company is included in the leading ATX index of
the Vienna Stock Exchange and also trades on the Warsaw Stock Exchange.
Since its founding in 1990, the company has compiled a high-quality
property portfolio that now comprises more than 1,600 investment properties
with a carrying amount of approx. EUR 10.1 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

End of Corporate News

---

21.01.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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: 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 News DGAP News-Service

248820 21.01.2014