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S Immo AG M&A Activity 2024

Feb 27, 2024

758_iss_2024-02-27_b63941fb-3a9c-49f8-9b49-ce676c54e1b3.pdf

M&A Activity

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News-Service of the pressetext news agency Josefstädter Straße 44, 1080 Vienna, Austria, phone: +43 1 81140-0

Publication: 27.02.2024 14:20 Source: https://www.pressetext.com/news/20240227028 Keywords: letter of intent

Public disclosure of inside information according to article 17 MAR

S IMMO AG: Letter of Intent signed for the acquisition of a further portfolio in the Czech Republic

Vienna (pta028/27.02.2024/14:20 UTC+1)

S IMMO AG today signed a non-binding letter of intent (LOI) with Czech Property Investments, a.s. ("CPI AS"), a subsidiary of CPI Property Group S.A., regarding the acquisition of a property portfolio in the Czech Republic. The portfolio consists of office and retail buildings with a gross lettable area of around 134,600 m² and an overall total net asset value of approximately EUR 494.5m. The annual rental income adds up to around EUR 28m.

Emitter: S IMMO AG
Wienerbergstraße 9 / 7. Stock
1100 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): Vienna Stock Exchange (Official Trade)

News transmitted by pressetext. The emitter is responsible for the content.