DGAP-News: IMMOFINANZ Group benefits from strong demand for apartment houses in Austria
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal
IMMOFINANZ Group benefits from strong demand for apartment houses in
Austria
30.10.2012 / 10:56
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Corporate News | Press Release
Vienna, 30 October 2012
IMMOFINANZ Group benefits from strong demand for apartment houses in
Austria
IMMOFINANZ Group recently announced the sale of an apartment building on
Mariahilfer Strasse 53 in Vienna and is now continuing its portfolio
optimisation. Over the past months the Group has sold seven further
apartment buildings in Vienna. The proceeds totalled approx. EUR 26
million, which is clearly higher than the carrying amount.
'There is a definite demand for apartment houses: Turn of the century
buildings are still a very popular form of investment because of the
security they provide - also for institutional investors. It's therefore no
surprise that we have been able to successfully implement our strategy in
two respects: We are utilising the favourable market conditions for
cycle-optimised sales. And at the same time, we are moving one step closer
to our goal - continuous portfolio optimisation in line with our core
business', explains Daniel Riedl, COO of IMMOFINANZ Group.
An overview of the apartment buildings sold:
* 1020 Vienna | Lassallestrasse 26
* 1050 Vienna | Reinprechtsdorferstrasse 5
* 1070 Vienna | Kaiserstrasse 57-59
* 1100 Vienna | Gudrunstrasse 177
* 1120 Vienna | Vivenotgasse 17
* 1160 Vienna | Ottakringer Strasse 37
* 1170 Vienna | Hernalser Hauptstrasse 49
In the 2010/11 financial year, IMMOFINANZ Group launched a five-year sale
programme with a volume of EUR 2.5 billion that is designed to optimise the
existing real estate portfolio and speed up its turnover. With these latest
transactions, the Group is continuing its previous successful course in the
realisation of this programme.
On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading listed property companies in Europe
and is included in the leading ATX index of the Vienna Stock Exchange.
Since its founding in 1990, the company has compiled a high-quality
property portfolio that now comprises more than 1,820 investment properties
with a carrying amount of approx. EUR 10.38 billion. The core business of
IMMOFINANZ Group covers the acquisition and management of investment
properties, the realisation of development projects and the sale of
objects. IMMOFINANZ Group concentrates its activities in the retail,
office, logistics and residential segments of eight regional core markets:
Austria, Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and
Russia. Further information under: www.immofinanz.com
Contact:
For additional information contact:
INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance&Investor Relations
IMMOFINANZ AG
M +43 (0)1 88090 7312
investor(at)immofinanz.com
Simone Korbelius
Investor Relations
IMMOFINANZ AG
T +43 (0)1 88090 2291
investor(at)immofinanz.com
MEDIA INQUIRIES
Sandra Bauer
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ AG
T +43 (0)1 88090 2292
M +43 (0)699 1685 7292
communications(at)immofinanz.com
A-1100 Wien, Wienerbergstraße 11
www.immofinanz.com
End of Corporate News
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30.10.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 1 88090 - 2291
Fax: +43 (0) 1 88090 - 8291
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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190770 30.10.2012
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Unternehmensinformation / Kurzprofil:
Datum: 30.10.2012 - 10:56 Uhr
Sprache: Deutsch
News-ID 197422
Anzahl Zeichen: 8580
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Kategorie:
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