DGAP-News: IMMOFINANZ Group sells office building in Prague
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal
IMMOFINANZ Group sells office building in Prague
07.01.2013 / 11:00
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Corporate News | Press Release
Vienna, 7 January 2013
IMMOFINANZ Group sells office building in Prague
As of 31 December 2012 IMMOFINANZ Group sold the office building BB Centrum
Building C located in Prague to the VIG FUND. The two partners to the
contract have agreed not to disclose any information on the purchase price.
The property is part of the business park BB Centrum comprising a total of
ten office buildings in Prague 4. Of these, three others are owned by
IMMOFINANZ Group: the properties 'A', 'B' and 'Gamma'.
'Cycle-optimised sales ensure that an adequate amount of equity is
available for the continuous improvement of our development pipeline - the
same applies to the sale of BB Centrum Building C. From a strategic
perspective, the transaction will result in a more even distribution of our
office property portfolio in Prague and thus constitutes an important step
in its continued optimisation. The sale is also part of the successful
implementation of our sales strategy', comments Manfred Wiltschnigg, COO of
IMMOFINANZ Group.
BB Centrum Building C offers its tenants approximately 13,000 sqm of space
and comprises seven floors as well as two lower levels with 207 parking
spaces in the underground garage. In 1998 the office building was the first
property in the BB Centrum business park located in the Prague 4 Michle
district located directly on the D1 motorway and near line C of the
underground. Due to its outstanding accessibility and diverse range of
services, the location has become an attractive destination for renowned
companies: in addition to high-quality office space, BB Centrum features
numerous shops, flats, education and health facilities, restaurants as well
as sports facilities and green areas.
In the 2010/11 financial year IMMOFINANZ Group launched a EUR 2.5 billion
five-year sales programme that is designed to improve the existing property
portfolio and increase its turnover rate. The closing of the sales
agreement for BB Centrum Building C is evidence of the company's continued
success in the implementation of this programme.
On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading listed real estate investors and
developers 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 10.51 billion.
As a 'real estate machine' the company concentrates on linking its three
core business areas: the development of sustainable, customised prime
properties in premium locations, the professional management of these
properties, and cycle-optimised sales. Active and decentralised asset
management increases rental income and, at the same time, reduces
vacancies. The liquid funds generated by property sales are reinvested in
new development projects and, in this way, keep the machine running. The
company's goal is to generate greater profitability along the entire value
chain with a clearly defined, standardised and industrialised process.
IMMOFINANZ Group focuses 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: www.immofinanz.com
For additional information please contact:
MEDIA INQUIRIES
Bettina Schragl
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ Group
T +43 (0)1 88 090 2290
M +43(0)699 1685 7290
communications(at)immofinanz.com
INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance&Investor Relations
IMMOFINANZ Group
T +43 (0)1 88 090 2312
M +43 (0)699 1685 7312
investor(at)immofinanz.com
A-1100 Wien, Wienerbergstraße 11
www.immofinanz.com
End of Corporate News
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07.01.2013 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,
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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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198357 07.01.2013
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Datum: 07.01.2013 - 11:00 Uhr
Sprache: Deutsch
News-ID 216897
Anzahl Zeichen: 6607
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Kategorie:
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