DGAP-News

NOVUM HOTEL GROUP and IMMOFINANZ introduce new hotel landmark in Vienna - Seite 2

central entrance area in the Twin Towers and implemented our myhive office
concept, which stands for a friendly, inviting atmosphere. This location
will be further improved by the future connection of the Wienerberg to
Vienna's subway network", added Dietmar Reindl, COO of IMMOFINANZ.

The hotel project will involve the partial conversion of an existing office
building: the hotel lobby will be connected with the neighbouring shopping
center on the ground floor; the hotel rooms will be located on floors 8 to
21; and the other areas - in total six floors - will be equipped as modern
offices.

"Planning this project is a very interesting and important design task for
us. The Holiday Inn Vienna - South will create a new eye-catcher for the
high-rise silhouette of the Business Park Vienna. The building's current
form with its slanted facade areas and sections will be transformed into an
elegant, independent architecture", explained architect Egon Türmer from
HOLZBAUER & PARTNER.

"This hotel project will create a new outstanding landmark for the district
and the development of the surrounding area. The expansion of the hotel
portfolio at this location will strengthen the position of the Favoriten
district as an up-and-coming and attractive part of Austria's capital
city", indicated Josef Kaindl, Deputy District Head of Favoriten.

IMMOFINANZ, the owner of the myhive Twin Towers and the Business Park
Vienna, will serve as the project developer for the new complex. With
approx. 131,000 sqm of rentable space, this is one of the largest office
and commercial locations in Vienna. The Business Park Vienna is
characterised by an excellent work-life mix for modern and comfortable
working, leisure time activities and relaxation with a wide variety of
shops, gastronomy facilities and entertainment as well as temporary living.
The nearby Wienerberg recreational area offers lots of green and a 9-hole
golf course.

On IMMOFINANZ:

IMMOFINANZ is a commercial real estate group whose activities are focused
on the retail and office segments of eight core markets in Europe: Austria,
Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Moscow. The
core business covers the management and development of properties, whereby
the STOP SHOP (retail), VIVO! (retail) and myhive (office) brands represent