DGAP-News

IMMOFINANZ sells residential properties and hotel in Vienna

DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal
IMMOFINANZ sells residential properties and hotel in Vienna

13.07.2015 / 10:31

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IMMOFINANZ has continued its portfolio adjustment with the sale of several
properties in Vienna during recent weeks. For example: a package of
residential properties was sold to an Austrian insurance group and the
Leonardo Hotel Vienna - the last hotel in the IMMOFINANZ portfolio based on
the main use - was sold to the lessee. The proceeds from these transactions
totalled almost EUR 100 million and substantially exceeded the respective
book values at the end of October 2014.

"Investors' interest in the Vienna real estate market remains high, above
all due to the current low interest rates. This is reflected in attractive
prices. With the sale of this residential portfolio and the hotel, we are
continuing to sharpen our profile as a pure commercial real estate
corporation", indicated Oliver Schumy, CEO of IMMOFINANZ Group.

The portfolio sold to Wiener Städtische and Sparkassen Versicherung
comprises eight residential properties with a combined rentable space of
approx. 26,000 sqm. All of the apartment buildings are located within the
Vienna Beltway (Districts 3, 4 and 5). The Leonardo Hotel has 204 rooms and
is located on the Mariahilfer Beltway, diagonally opposite the West Railway
Station. Based on the main use, it represents the last hotel property in
the IMMOFINANZ portfolio.

The sale of these residential properties and the hotel significantly
reduced the share of the "Other" segment in IMMOFINANZ's standing
investment portfolio to about 2% (from 3.4% as of 31 January 2015).


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 6.8 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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13.07.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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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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