DGAP-News

IMMOFINANZ Group sells logistics properties in Switzerland for nearly EUR 100 million

DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal
IMMOFINANZ Group sells logistics properties in Switzerland for nearly
EUR 100 million

21.10.2014 / 07:30

---------------------------------------------------------------------

IMMOFINANZ Group has sold three logistics properties in Switzerland to a
Credit Suisse AG real estate fund and completed its exit from the Swiss
market. At roughly CHF 115 million (approx. EUR 95 million), the sale price
exceeded the book value of the properties. The transaction, which has
already closed, covered two properties in Bülach and one in Derendingen
with approx. 140,000 sqm of rentable space.

"After the sale of the logistics property in Egerkingen, this step
completes our exit from the secondary market Switzerland. We were also able
to benefit from the high CHF exchange rate on this transaction", commented
Eduard Zehetner, CEO of IMMOFINANZ Group. "The funds generated by these
sales will be used, among others, for the development of logistics projects
in Germany, where we want to further expand the position of our subsidiary
Deutsche Lagerhaus (DLG) as a key logistics player."

IMMOFINANZ Group's business model calls for property sales averaging EUR
500 million to 600 million each year. The original plan to sell EUR 2.5
billion of real estate within five years was exceeded after only four
years, with the transactions resulting in a double-digit margin over the
book value.


On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading listed property companies 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 that
now comprises more than 470 investment properties with a carrying amount of
approx. EUR 6.9 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.
IMMOFINANZ Group concentrates its activities in the retail, office and
logistics segments of eight regional core markets: Austria, Germany, Czech
Republic, Slovakia, Hungary, Romania, Poland and 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 [phone]
M [phone]
[e-mail]

INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance & Investor Relations
IMMOFINANZ Group
T [phone]
M [phone]
[e-mail]



---------------------------------------------------------------------

21.10.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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

---------------------------------------------------------------------


Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: [phone] - 2291
Fax: [phone] - 8291
E-mail: [e-mail]
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
---------------------------------------------------------------------
292486 21.10.2014