DGAP-News: IMMOFINANZ AG: IMMOFINANZ Group takes over 100% of the GoodZone shopping centre in Moscow
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Miscellaneous/Real Estate
IMMOFINANZ AG: IMMOFINANZ Group takes over 100% of the GoodZone
shopping centre in Moscow
11.05.2011 / 09:03
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As of 4 May 2011 IMMOFINANZ Group acquired the remaining 25% stake in
GoodZone, a shopping centre project currently under construction in Moscow.
The parties have agreed not to disclose the price of this transaction.
GoodZone is one of the largest retail projects in this 11.5-million
resident metropolis and the second-largest investment of IMMOFINANZ Group
in Moscow. The first phase of construction covers more than 50,000 sqm of
selling space and completion costs of approx. EUR 85 million. The second
phase has a further development potential of 17,000 sqm of selling space.
IMMOFINANZ Group acquired the first 75% of this shopping centre in July
2007. In 2008/2009 the economic crisis resulted in the temporary suspension
of construction. The takeover achieved through intensive negotiations will
now ensure completion. The planned opening is scheduled for 2012. 'This
transaction will enable us to quickly complete the second-largest shopping
centre in our most important retail market,' indicated Eduard Zehetner,
Chief Executive Officer of IMMOFINANZ Group.
This high-quality shopping centre will provide locations for nearly 200
retail stores, restaurants and service companies as well as an
entertainment area with a movie centre.
GoodZone is located at a very attractive site in the Nagatino-Sadovniki
district in the south of Moscow. Optimal traffic connections to two major
highways, the Varshavskoe shosse and Kashirskoe shosse, make this facility
extremely interesting for national and international retail partners.
On IMMOFINANZ Group
IMMOFINANZ Group is one of the five largest 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 1,600
investment properties with a carrying amount of approx. EUR 8.5 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. In the first three quarters of
2010/11, the company generated gross cash flow of EUR 303.2 million.
Further information under: www.immofinanz.com.
Contact:
Simone Korbelius
Investor Relations&Corporate Communications
IMMOFINANZ AG
A-1100 Wien, Wienerbergstraße 11
Tel.: +43 (0) 5 7111 - 2291
Fax: +43 (0) 5 7111 - 8291
investor(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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11.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 WienÖsterreich
Phone: +43 (0) 5 7111 - 2291
Fax: +43 (0) 5 7111 - 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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123754 11.05.2011
Datum: 11.05.2011 - 09:03 Uhr
Sprache: Deutsch
News-ID 34030
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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