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S Immo AG — M&A Activity 2022
Sep 28, 2022
758_iss_2022-09-28_af7e1f20-5c52-44b1-927a-241bc2e3f180.pdf
M&A Activity
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publication: 28.09.2022 12:45 source: http://adhoc.pressetext.com/news/1664361900340 keywords: letter of intent / purchase
Public disclosure of inside information according to article 17 MAR
S IMMO AG: Letter of Intent for purchase of office properties in Budapest signed
Vienna (pta024/28.09.2022/12:45) - Today S IMMO AG has signed a Letter of Intent with the respective Hungarian subsidiaries of CPI Property Group S.A. and IMMOFINANZ AG. regarding the acquisition of their respective Budapest office portfolios. If finalised, the purchase would comprise a total of 15 properties in Budapest with a total lettable area of almost 250,000 m². The potential purchase is in line with the recently published corporate strategy and, if fully implemented, would lead to an increase in annual rental income of more than EUR 30m per year.
| emitter: | S IMMO AG Friedrichstraße 10 1010 Wien Austria |
|---|---|
| contact person: | Elisabeth Wagerer |
| phone: | +43 1 22795-1120 |
| e-mail: | [email protected] |
| website: | www.simmoag.at |
| ISIN(s): | AT0000652250 (share) |
| stock exchanges: | official trade in Vienna |
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