CPI Europe AG — M&A Activity 2016

Nov 14, 2016

News Details

Corporate | 14 November 2016 10:17

IMMOFINANZ expands STOP SHOP portfolio to 66 retail parks through eight acquisitions

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

2016-11-14 / 10:17
The issuer is solely responsible for the content of this announcement.

---

IMMOFINANZ is continuing the expansion of its successful STOP SHOP retail
park portfolio with the acquisition of eight locations in Slovakia and
Hungary. The purchase price for these properties totals approx. EUR 79.0
million. The newly acquired retail parks have an occupancy rate of roughly
98% and generate annual rental income of approx. EUR 6.6 million. The
transactions will close in several steps, presumably by the end of the
first quarter of 2017. IMMOFINANZ's STOP SHOP portfolio will then cover 66
locations in seven countries with roughly 449,000 sqm of rentable space and
a book value of more than EUR 600.0 million. Further locations in Serbia
and Poland are currently in the preparation phase for project development.

"These acquisitions represent an excellent addition to our STOP SHOP
portfolio in Slovakia and Hungary. The good locations, successful
operations in all retail parks, a favourable local competitive environment
and the proven, valuable tenant mix speak for these attractively priced
investment opportunities", commented Oliver Schumy, CEO of IMMOFINANZ. Our
goal is to increase the number of STOP SHOPs to more than 100 over the
coming years, through our own development projects as well as further
acquisitions."

The real estate package in Slovakia includes six retail parks in the cities
of Bardejov, Michalovce, Prievidza, Roznava, Presov and Bratislava Raca.
The seller is the Austrian WM Invest GmbH. "These six properties are
situated in established retail locations and have very good occupancy
rates", explained Michael Wakolbinger, Managing Director of the selling
companies. The transaction will expand IMMOFINANZ's retail park portfolio
in Slovakia to 16 locations with 112,000 sqm of rentable space.

The other acquisitions involve retail parks in the Hungarian cities of
Hatvan and Szolnok. The seller is Real 4 You Immobilien GmbH. In Hungary,
the STOP SHOP brand will now grow to 14 locations with 128,000 sqm of
rentable space.

Each of the eight acquired properties has between 7,000 sqm and 9,300 sqm
of rentable space as well as an attractive mix with anchor tenants like
Deichmann, Takko, JYSK and C&A which are already well known to the STOP
SHOPs. After the closings are completed, the properties will be rebranded
to reflect the STOP SHOP concept.

Details on the STOP SHOP portfolio

STOP SHOP is IMMOFINANZ's brand for retail parks in Central and Eastern
Europe. They are attractive and practical local suppliers with a catchment
area of 30,000 to 150,000 residents and a wide variety of products with
good value for money. With efficient transport connections and extensive
parking, they are directed to price-conscious "smart shoppers" who look for
easy-to-reach locations.

IMMOFINANZ's STOP SHOP portfolio covers 66 retail parks, including the
latest acquisitions, in seven countries: Slovakia (16 STOP SHOPs), Hungary
(14 STOP SHOPs), Austria (11 STOP SHOPs), Czech Republic (10 STOP SHOPs),
Poland (6 STOP SHOPs), Slovenia (6 STOP SHOPs) and Serbia (3 STOP SHOPs).

On IMMOFINANZ
IMMOFINANZ is a commercial real estate group whose activities are focused
on the retail and office segments of eight core markets in Europe: Austria,
Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Moscow. The
core business covers the management and development of properties, whereby
the STOP SHOP (retail), VIVO! (retail) and myhive (office) brands represent
strong focal points and stand for quality and service. The management and
development of properties form the group's core business. The real estate
portfolio has a value of approx. EUR 5.4 billion and covers more than 360
properties. IMMOFINANZ is listed on the stock exchanges in Vienna (leading
ATX index) and Warsaw. Further information under: http://www.immofinanz.com

For additional information contact:
Bettina Schragl
Head of Corporate Communications and Investor Relations
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications@immofinanz.com
investor@immofinanz.com

---

2016-11-14 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.
Archive at www.dgap.de

---

Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 1 88090 - 2290
Fax: +43 (0) 1 88090 - 8290
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Regulated Unofficial Market in Berlin, Munich, Stuttgart;
Open Market in Frankfurt ; Warschau, Wien (Amtlicher
Handel / Official Market)

 End of News    DGAP News Service