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    DGAP-News  421  0 Kommentare IMMOFINANZ Group sells two logistics properties in Poland and the Czech Republic


    DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal
    IMMOFINANZ Group sells two logistics properties in Poland and the
    Czech Republic

    28.07.2014 / 10:43

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    IMMOFINANZ Group announces the recent sale of two logistics properties -
    the Bokserska Distribution Park in Warsaw and the Westpoint Distribution
    Park in Prague. Both transactions took place above book value, with the
    combined proceeds totalling approx. EUR 33.2 million. The Westpoint
    Distribution Park was sold to Central Group, a Czech investor, while the
    Bokserska Distribution Park was sold to "UK & European Investments", a
    well-known family office from Great Britain.

    "These two transactions reflect our strategic exit from the logistics
    sector in Poland and the Czech Republic. Our investments in the Czech
    Republic are now concentrated in the retail and office asset classes. In
    Poland, we currently hold two other logistics properties that are
    designated for sale over the medium-term", explains Eduard Zehetner, CEO of
    IMMOFINANZ Group. "Our focus for the development of logistics properties
    lies on the core markets of Germany, Romania and Russia."

    The Bokserska Distribution Park is located in a logistics area in the south
    of Warsaw and has roughly 17,500 sqm of total space. The building was
    constructed in 2001, is fully rented and has excellent connections to the
    traffic network. The Westpoint Distribution Park, which was built in the
    1970s, has nearly 64,000 sqm of total space.

    With these sales, IMMOFINANZ Group has again demonstrated the steady
    pursuit of its strategy to sell real estate whose use, size, location or
    quality does not fit with the target portfolio.


    On IMMOFINANZ Group
    IMMOFINANZ Group is one of the leading listed property investors and
    developers in Europe. The company is included in the leading ATX index of
    the Vienna Stock Exchange and also trades on the Warsaw Stock Exchange.
    Since its founding in 1990, the company has compiled a high-quality
    property portfolio with a carrying amount of approx. EUR 7.4 billion. As a
    "real estate machine", the company concentrates on linking its three core
    business areas: the development of sustainable, specially designed prime
    properties in premium locations, the professional management of these
    properties and cycle-optimised sales. Following the spin-off of BUWOG,
    IMMOFINANZ Group has a sharpened profile as a specialist for office, retail
    and logistics properties in Central and Eastern Europe as well as Russia.
    Further information under: http://www.immofinanz.com |
    http://blog.immofinanz.com | http://properties.immofinanz.com


    For additional information please contact:

    MEDIA INQUIRIES
    Bettina Schragl
    Head of Corporate Communications | Press Spokesperson
    IMMOFINANZ Group
    T +43 (0)1 88 090 2290
    M +43 (0)699 1685 7290
    communications@immofinanz.com

    INVESTOR RELATIONS
    Stefan Schönauer
    Head of Corporate Finance & Investor Relations
    IMMOFINANZ Group
    T +43 (0)1 88 090 2312
    M +43 (0)699 1685 7312
    investor@immofinanz.com


    End of Corporate News

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    28.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a
    company of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

    DGAP's Distribution Services include Regulatory Announcements,
    Financial/Corporate News and Press Releases.
    Media archive at www.dgap-medientreff.de and www.dgap.de

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    Language: English
    Company: IMMOFINANZ AG
    Wienerbergstraße 11
    1100 Wien
    Austria
    Phone: +43 (0) 1 88090 - 2291
    Fax: +43 (0) 1 88090 - 8291
    E-mail: investor@immofinanz.com
    Internet: http://www.immofinanz.com
    ISIN: AT0000809058
    WKN: 911064
    Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in
    Open Market ; Wien (Amtlicher Handel / Official Market)


    End of News DGAP News-Service
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    279517 28.07.2014


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    DGAP-News IMMOFINANZ Group sells two logistics properties in Poland and the Czech Republic DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal IMMOFINANZ Group sells two logistics properties in Poland and the Czech Republic 28.07.2014 / 10:43 --------------------------------------------------------------------- IMMOFINANZ Group …