DGAP-News: IMMOFINANZ AG: IMMOFINANZ Group sells retail property in Budweis
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Miscellaneous
IMMOFINANZ AG: IMMOFINANZ Group sells retail property in Budweis
10.12.2010 / 08:08
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IMMOFINANZ Group sells retail property in Budweis
The IMMOFINANZ Group has completed a further step in its portfolio
optimisation with the sale of the Bauhaus Budweis retail property to the
CPI Group, a local investor, for EUR 17.2 million. This project was
finalised by the IMMOFINANZ Group together with EYEMAXX Real Estate, an
international property developer, in spring 2010 and opened this past
April.
This specialty shopping centre was fully rented to the international
Bauhaus building materials chain during the development phase and is
located in Budweis, the largest city in Southern Bohemia. The Budweis
region covers more than 10,000 km²and has approx. 650,000 residents. The
city of Budweis is situated directly on the E55 motorway, making it a major
crossroad between Linz and Prague. The building materials market is located
in the north-western section of the city, close to a major shopping centre
in the Vltava district. The property has approx. 42,000 m²of space - of
which 17,400 m²are available for rental - as well as 380 parking spaces.
Investments on the rise in Eastern Europe
The East European property sector registered a strong 190% increase in the
volume of investments to EUR 1.7 billion for the first half of 2010. The
Czech property market has remained stable, with a slight upward trend. For
the IMMOFINANZ Group, the Czech Republic is one of the most interesting
markets in Eastern Europe. The company is currently developing a mixed-use
property at a prime location in the inner city of Prague.
Eduard Zehetner, CEO of the IMMOFINANZ Group, on this transaction: 'It was
always clear for us to sell this property after the successful completion.
The sale price in excess of book value once again confirms our NAV and also
underscores the quality of our portfolio.'
Contact:
Margit Hermentin
Head of Investor Relations&Corporate Communications
IMMOFINANZ AG
A-1120 Vienna, Gaudenzdorfer Gürtel 67
Tel.: +43 (0) 5 7111 - 2290
Fax: +43 (0) 5 7111 - 8290
m.hermentin(at)immofinanz.com
www.immofinanz.com
Press-Coordination:
Hieronymus Tupay
ACCEDO Austria GmbH
Tel.: +43 1 533 87 00 - 23
Hieronymus.Tupay(at)accedogroup.com
End of Corporate News
10.12.2010 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: IMMOFINANZ AG
Gaudenzdorfer Gürtel 67
A-1120 WienÖsterreich
Phone: +43 (0) 5 7111 - 2290
Fax: +43 (0) 5 7111 - 8290
E-mail: investor(at)immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
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106055 10.12.2010
Datum: 10.12.2010 - 08:08 Uhr
Sprache: Deutsch
News-ID 32834
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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