DGAP-News

IMMOFINANZ to acquire remaining shares in Warsaw's EMPARK Business Park

DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Miscellaneous
IMMOFINANZ to acquire remaining shares in Warsaw's EMPARK Business
Park

02.07.2015 / 14:19

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IMMOFINANZ is acquiring the remaining shares in the Warsaw EMPARK Mokotów
Business Park to become its sole owner. This transaction expands
IMMOFINANZ's leading position on the office market in the Polish capital.
IMMOFINANZ previously held 50% of EMPARK and is purchasing the remaining
shares from its former joint venture partner, an affiliate of Heitman LLC.
The parties have agreed not to disclose any information on the sale price.
The transaction is subject to approval by the Polish antitrust authority
and the closing is expected to take place in September 2015.

EMPARK is one of the largest connected office sites in CEE. The nine
buildings have approximately 117,000 sqm of rentable space and are located
in close proximity to the airport. Tenants include numerous major
international companies from the chemical, IT, food, and banking
industries.

"The full takeover of the EMPARK will strengthen our standing investment
portfolio and sustainable cash flow in Poland, which is one of our growth
markets. The Business Park also offers attractive opportunities for
development over the coming years", indicated Oliver Schumy, CEO of
IMMOFINANZ.

Together with this transaction, IMMOFINANZ holds 19 office standing
investments in Warsaw and is the market leader in the Polish capital with
approximately 270,000 sqm of rentable space.



On IMMOFINANZ Group
IMMOFINANZ Group is the leading listed commercial real estate investor and
developer in Central and Eastern 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 6.8 billion.
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:

Bettina Schragl
Head of Corporate Communications and Investor Relations
IMMOFINANZ Group
T [phone]
M [phone]
[e-mail]
[e-mail]



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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: Regulated Unofficial Market in Berlin, Munich, Stuttgart;
Open Market in Frankfurt ; Wien (Amtlicher Handel /
Official Market)


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