DGAP-News: IMMOFINANZ AG: IMMOFINANZ Group: successful sale of 1A high-street retail property in Hamburg
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Miscellaneous
IMMOFINANZ AG: IMMOFINANZ Group: successful sale of 1A high-street
retail property in Hamburg
10.02.2011 / 09:21
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IMMOFINANZ Group: successful sale
of 1A high-street retail property in Hamburg
As part of its portfolio optimisation programme, the IMMOFINANZ Group sold
a property in Hamburg to Aachener Grundvermögen Kapitalanlagegesellschaft
at the beginning of February 2011. The seller is a Luxembourg real estate
subsidiary of IMMOFINANZ Group. The sale price for this object exceeded the
carrying value by a substantial margin. The parties have agreed not to
disclose any information on the purchase price for this transaction.
The building was extensively renovated and adapted to meet the latest
structural and technical standards in 2006. It is situated at a prime inner
city location (shopping street) and has 6,400 sqm of space. The retail
areas are leased to companies such as Adidas, Fossil and WMF through
long-term contracts. The sale process was completed between the parties
without a broker, and the closing is scheduled for March 2011.
The IMMOFINANZ Group in Germany
The German property market has shown sound development in recent months. In
this country, the IMMOFINANZ Group has defined the office, logistics and
residential sectors as its strategic focus.
Eduard Zehetner, CEO of the IMMOFINANZ Group on this transaction: 'Hamburg
is a top European location and Germany a key core market for the IMMOFINANZ
Group. Our strategy is to purchase and develop properties that have a
potential for value growth and to then sell at the right time. With this
transaction, we have now realised the increase in value.'
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
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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: 911064Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
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111767 10.02.2011
Datum: 10.02.2011 - 09:21 Uhr
Sprache: Deutsch
News-ID 33182
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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