AI assistant
CPI Europe AG — M&A Activity 2015
Jun 10, 2015
746_rns_2015-06-10_0f7ab2ef-009e-4f14-8db1-b9e2cb5dd1eb.html
M&A Activity
Open in viewerOpens in your device viewer
News Details
Corporate | 10 June 2015 09:16
IMMOFINANZ sells City Box self-storage chain
DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal
2015-06-10 / 09:16
IMMOFINANZ announces the sale of its City Box subsidiary. This second
largest self-storage chain in the Netherlands has a total of 23 locations.
The buyer is Shurgard, the market leader for storage centers in the
Netherlands and Europe. The sale price exceeds the carrying amount of the
properties, the parties have agreed not to disclose further details of the
transaction. The contract has already been signed, and the closing is
expected to take place until early July.
"This sale represents a further strategic step to adjust and optimize our
portfolio and concentrate on our core markets in Central and Eastern
Europe. At the same time, we are also benefitting from the dynamic demand
by investors in this segment", commented Oliver Schumy, CEO of IMMOFINANZ
Group, on the transaction.
The sale will substantially reduce the share of non-core countries in
IMMOFINANZ's standing investment portfolio to 1.5% (compared with 3.5% at
the end of January 2015).
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 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 470 investment properties with a carrying amount of
approx. EUR 6.8 billion. IMMOFINANZ Group concentrates its activities in
the retail, office and logistics 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:
Bettina Schragl
Head of Corporate Communications & Investor Relations
IMMOFINANZ Group
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
[email protected]
[email protected]
2015-06-10 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP 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: Regulated Unofficial Market in Berlin, Munich, Stuttgart;
Open Market in Frankfurt ; Wien (Amtlicher Handel /
Official Market)
End of News DGAP News-Service
366901 2015-06-10