EQS-News: IMMOFINANZ AG: IMMOFINANZ successfully closes sale of an office building in Prague

EQS-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal
   IMMOFINANZ AG: IMMOFINANZ successfully closes sale of an office building
   in Prague

   06.09.2022 / 10:01 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   IMMOFINANZ successfully closes sale of an office building in Prague

   IMMOFINANZ has sold the BBC Gamma office building in Prague to the
   Passerinvest Group, a leading real estate investor and developer in the
   Czech Republic. The building has roughly 31,000 sqm and is rented in full
   to a single tenant through a long-term lease. The transaction was
   concluded at a premium to the book value as of 30 June 2022.

   “As part of our portfolio strategy, we are concentrating on retail
   properties and myhive office solutions. This also includes the sale of
   properties with a combined value of roughly EUR 1 billion and the
   investment of the proceeds in properties to strengthen our brands or for
   the repayment of debt. The sale of BBC Gamma is an important step in line
   with our strategy, and we are very pleased with the results“, commented
   Radka Doehring, member of the IMMOFINANZ Executive Board.

   This office building is located in the urban center of Prague’s 4^th
   district and has rentable space on 10 upper floors as well as underground
   levels with 500 parking spaces.  Its architectural design offers features
   such as panoramic lifts, meeting rooms which extend into the atrium over
   two floors and a roof garden with rest areas.  

   On IMMOFINANZ

   IMMOFINANZ is a commercial real estate group whose activities are focused
   on the office and retail segments of eight core markets in Europe:
   Austria, Germany, Poland, Czech Republic, Slovakia, Hungary, Romania and
   the Adriatic region. The core business covers the management and
   development of properties, whereby the STOP SHOP (retail), VIVO! (retail)
   and myhive (office) brands represent strong focal points that stand for
   quality and service. With the new On Top Living brand, IMMOFINANZ is
   expanding into sustainable and affordable living. The real estate
   portfolio has a value of approximately EUR 5.4 billion and covers more
   than 220 properties. IMMOFINANZ is listed on the stock exchanges in Vienna
   (leading ATX index) and Warsaw. Further information under:
   [1]https://www.immofinanz.com

   For additional information contact:

   Bettina Schragl
   Head of Corporate Communications and Investor Relations
   T +43 (0)1 88 090 2290
   M +43 (0)699 1685 7290
   [2][email protected]
   [3][email protected]

   IMMOFINANZ
   1100 Vienna, Wienerbergstraße 9, Austria
   www.immofinanz.com

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   06.09.2022 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

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   Language:    English
   Company:     IMMOFINANZ AG
                Wienerbergstraße 9
                1100 Vienna
                Austria
   Phone:       +43 (0) 1 88090 - 2290
   Fax:         +43 (0) 1 88090 - 8290
   E-mail:      [email protected]
   Internet:    http://www.immofinanz.com
   ISIN:        AT0000A21KS2
   WKN:         A2JN9W
   Listed:      Regulated Unofficial Market in Berlin, Frankfurt, Munich,
                Stuttgart; Warschau, Vienna Stock Exchange (Official Market)
   EQS News ID: 1436147


    
   End of News EQS News Service


   1436147  06.09.2022 CET/CEST

References

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   3. mailto:[email protected]

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