DGAP-News: IMMOFINANZ Group: Completion of six sale transactions
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal
IMMOFINANZ Group: Completion of six sale transactions
04.02.2013 / 10:57
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Corporate News | Press Release
Vienna, 04 February 2013
IMMOFINANZ Group: Completion of six sale transactions
IMMOFINANZ Group continues the successful implementation of its real estate
sales programme, with the completion of six transactions taking place in
recent weeks. In Austria the company sold two office buildings in Vienna -
Gaudenzdorfer Gürtel 67 and Josefstädter Strasse 78 - and three logistics
properties in Germany. Additionally, the sale of a logistics property in
Nice marked the exit from the French market. The sales had a combined
volume of approx. EUR 81 million, which substantially exceeded the carrying
amount.
'These six transactions represent a further important step to increase the
turnover of our portfolio and thereby generate additional liquidity for our
real estate machine', commented Manfred Wiltschnigg, COO of IMMOFINANZ
Group. 'With the sale of the logistics property in Nice, we also ended our
activities in France. The sale of our last asset in that country was an
obvious move, since our goal is to concentrate on activities in our core
markets', added Wiltschnigg.
Sale of two office properties in Vienna
The Office Cube, a 5,200 sqm office property at Gaudenzdorfer Gürtel 67,
was sold to the German aik Immobilien-Kapitalanlagegesellschaft mbH. This
building is situated directly at the intersection of Vienna's western exit
artery and the beltway in the 12th district, a location that provides
excellent traffic connections and nearby infrastructure. The retail and
office building at Josefstädter Strasse 78 also offers good connections to
the public transportation network and is only a three-minute walk from the
U6 station Josefstädter Strasse (direction city centre) on the beltway.
This building will be used for operations by the new buyer. The buyer of
the 2,600 sqm building will be using it for company related own business
operations. Both sales were brokered by EHL Immobilien.
Sale of three logistics properties in Germany
In Germany Deutsche Lagerhaus, a wholly owned subsidiary of IMMOFINANZ
Group, sold the following logistics properties: one building in Kirchheim
(Bavaria) near the Munich east motorway intersection (connecting the A 94
motorway and the A 99 motorway ring) with over 20,000 sqm of usable space;
a building in Dormagen (North-Rhine Westphalia) near the A 57 motorway
between Düsseldorf and Cologne with almost 45,000 sqm of usable space and a
building in Heusenstamm (Hessen) close to Frankfurt Airport with approx.
15,400 sqm of usable space. All three properties were purchased by BEOS
Corporate Real Estate Fund Germany II, which is managed by BEOS AG.
Complete withdrawal from France
With the sale of a property in Parc D'Activités Logistiques de Nice to a
local private investor, IMMOFINANZ Group divested its only asset in France
and ended its activities on the French market. This property is located 10
km northwest of the city centre and 6 km from Nice Airport, with direct
access to the A 8 Motorway. The logistics park comprises 12 separate
buildings with different owners; the three sections previously held and
recently sold by IMMOFINANZ Group have approx. 17,000 sqm ofusable space.
This sale underscores the realisation of IMMOFINANZ Group's strategy to
exit from non-core countries and follows the complete withdrawal from
Bosnia-Herzegovina in May 2012. The eight core markets of IMMOFINANZ Group
are Austria, Germany, Czech Republic, Slovakia, Hungary, Romania, Poland
and Russia.
IMMOFINANZ Group launched a five-year, EUR 2.5 billion sales programme
during the 2010/11 financial year, which is designed to strengthen the
property portfolio through profitable, cycle-optimised sales. With these
latest transactions, the company is continuing the successful 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 10.51 billion. As a 'real estate
machine' the company concentrates on linking its three core business areas:
the development of sustainable, specially designed 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 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
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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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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