S Immo AG — M&A Activity 2023

Jul 11, 2023

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Publication: 11.07.2023 13:55 Source: https://www.pressetext.com/news/20230711024 Keywords: acquisition

Public disclosure of inside information according to article 17 MAR

S IMMO AG: S IMMO AG acquires Vienna Twin Towers

Vienna (pta/11.07.2023/13:55 UTC+2)

Today, S IMMO AG (Bloomberg: SPI:AV, Reuters: SIAG.VI; ISIN: AT0000652250, the "Company") concluded the purchase of the Twin Towers on Wienerbergstrasse in Vienna from IMMOFINANZ AG.

Considered among Vienna's most renowned office towers, the Twin Towers comprise a gross lettable area of about 66,000 m², were recently valued at EUR 194m and generate rental income at EUR 12.6m per year.

Herwig Teufelsdorfer, member of the Management Board of S IMMO AG, commented: "We are proud to add these excellent office properties to S IMMO's portfolio in our home market of Vienna. This purchase will make a positive contribution to our earnings and is consistent with our portfolio optimisation strategy."

The transaction involves IMMOFINANZ, which is a related party of S IMMO AG within the meaning of section 95a (2) of the Austrian Stock Corporation Act (AktG). Further information on the transaction is available on the company's website at https://www.simmoag.at/fileadmin/redakteur/Investor\_Relations/Corporate\_Governance/Related-Party-Transaction-2023-07-EN.pdf.

Emitter:	S IMMO AG Wienerbergstraße 9 / 7. Stock 1100 Wien Austria
Contact Person:	Elisabeth Wagerer
Phone:	+43 1 22795-1120
E-Mail:	elisabeth.wagerer@simmoag.at
Website:	www.simmoag.at
ISIN(s):	AT0000652250 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)

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