DGAP-News: IMMOFINANZ AG: IMMOFINANZ Group sells Moscow logistics project Tomilino for USD 39 million
(firmenpresse) - IMMOFINANZ AG / Miscellaneous
05.07.2010 11:21
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* Tomilino transaction yields considerable profit
* Moscow commitment very successful as a whole
* IMMOFINANZ Group achieves more than 110,000 sqm of new leases and lease
extensions in the first quarter of 2010/11
IMMOFINANZ Group has sold the logistics property 'Tomilino' to SBERBANK,
the largest Russian bank, for USD 39 million. Tomilino is located in close
proximity to one of the most important arterial roads, the Moscow Ring Road
(MKAD) in the southeast of Moscow. The property was completed in September
2008 and has total space of 53,000 sqm. The parties agreed to keep any
further details of the contract confidential. As a whole, the investment at
Tomilino has generated a considerable profit for the IMMOFINANZ Group.
The Tomilino sale thus represents another chapter in the already very
successful history of IMMOFINANZ investments in the Russian capital. Just a
few months ago the shopping centre Golden Babylon Rostokino, with 170,000
sqm of lettable space one of the largest shopping centres in Europe, was
completed and opened, while for considerable time the portfolio's three
long-time shopping centres, Golden Babylon I and II and 5th Avenue, have
been virtually let in full on a continuous basis.
Numerous new leases and lease extensions in the first quarter of 2010/11
Currently an improvement in the rental situation can be observed, which is
mainly attributed to the slight easing of the economic situation in
IMMOFINANZ Group's core markets - particularly in the German-speaking
regions. A large number of new leases and lease extensions were agreed in
the improved environment in the first quarter of the current business year.
During this period new leases and lease extensions were concluded for
110,000 sqm.
Therefore, IMMOFINANZ CEO Eduard Zehetner is positive about the first
quarter of the current business year: 'It pays off for us to consistently
focus on first-rate locations and top properties. They have suffered less
from the crisis than the overall market and are also profiting from the
recovery of the markets faster than properties of poorer quality or in
weaker locations'.
Contact:
Head of Investor Relations&Corporate Communications:
Margit Hermentin
IMMOFINANZ AG
T +43 (0)5 7111-2290
m.hermentin(at)immofinanz.com
www.immofinanz.com
Press Coordination:
Hieronymus Tupay
ACCEDO Austria GmbH
T +43 1 533 87 00 - 23
Hieronymus.Tupay(at)accedogroup.com
05.07.2010 11:21 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
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; Foreign Exchange(s) Wien (Amtlicher Handel /
Official Market)
End of News DGAP News-Service
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Datum: 05.07.2010 - 11:21 Uhr
Sprache: Deutsch
News-ID 23435
Anzahl Zeichen: 0
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Kategorie:
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