AI assistant
S Immo AG — M&A Activity 2023
Feb 24, 2023
758_iss_2023-02-24_02e27a78-1e7e-49d4-acf5-f931c0488500.pdf
M&A Activity
Open in viewerOpens in your device viewer
News-Service of the pressetext news agency Josefstädter Straße 44, 1080 Vienna, Austria, phone: +43 1 81140-0
Publication: 24.02.2023 10:30 Source: https://www.pressetext.com/news/20230224011 Keywords: acquisition / letter of intent
Public disclosure of inside information according to article 17 MAR
S IMMO AG: Letter of Intent for purchase of office buildings in Vienna signed
Vienna (pta/24.02.2023/10:30) -
S IMMO AG: Letter of Intent for purchase of office buildings in Vienna signed
Today S IMMO AG has signed a Letter of Intent with IMMOFINANZ AG regarding the potential acquisition of office buildings at Wienerberg, Vienna. If implemented in full, the purchase would comprise a total of up to 6 standing properties (including the Twin Towers) with roughly 128,000 m² and one development project with roughly 20,000 m². The investment volume would add up to roughly EUR 411m and lead to a significant increase in annual rental income.
The potential purchase is in line with the strategy of disposing of the German residential portfolio and reinvesting proceeds in office properties in CEE and Austria.
| 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 Exchange(s): | official trade in Vienna |
News transmitted by pressetext. The emitter is responsible for the content.