DGAP-News: IMMOFINANZ AG: IMMOFINANZ Group acquires 1A shopping centre development site in the Polish city of Lublin
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Miscellaneous/Real Estate
IMMOFINANZ AG: IMMOFINANZ Group acquires 1A shopping centre
development site in the Polish city of Lublin
02.08.2011 / 10:58
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IMMOFINANZ Group acquires 1A shopping centre development site in the Polish
city of Lublin
On 28 July 2011 the IMMOFINANZ Group acquired a shopping centre development
site at a top inner city location in Lublin. This university seat with
roughly 350,000 residents is one of the ten largest cities in Poland. The
development project is centrally situated across from Lublin Castle, within
easy walking distance of the historic old city. In Poland this project is
known under the name Galeria Zamek. The parties have agreed not to disclose
any information on the purchase price for the transaction.
With the acquisition of this 29,297 sqm site, the IMMOFINANZ Group has
taken another important step in developing its own projects in this country
- following the expansion of the Silesia Shopping Center in Katowice
(southern Poland). 'In 2011 Poland again confirmed its standing as an
economic driver for both the CEE region and the EU. This position is
reflected, among others, in the sound growth of the retail sector and the
resulting increase in activity by international retail chains. Against this
backdrop, the successful conclusion of the Lublin contract and our planned
shopping centre project represent an important milestone', commented Eduard
Zehetner, Chief Executive Officer of the IMMOFINANZ Group, on this
transaction.
The IMMOFINANZ Group plans to develop a premium shopping centre in Lublin
for a catchment area of more than 920,000 residents. This facility will
bring fresh wind to the inner city of Lublin with its location - perfect
for private vehicle traffic and good connections to the public
transportation network - and with its architectural design. The IMMOFINANZ
Group is currently negotiating with the city of Lublin to amend the
existing building permit in order to meet the requirements for a
high-quality Class A shopping centre. The company expects to start
construction in spring 2012, with the opening planned for 2013.
On the IMMOFINANZ Group
The 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 standing
investments with a carrying amount of approx. EUR 8.5 billion. The core
business of the IMMOFINANZ Group covers the acquisition and management of
standing investments, the realisation of development projects and the sale
of properties. Commercial development projects deal primarily with quality
shopping centres and the expansion of the STOP.SHOP retail park chain. The
focal point for the office sector is formed by high-quality A-class
development projects. The business activities of the IMMOFINANZ Group are
concentrated 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
M.: +43 (0)699 1685 7291
Fax: +43 (0) 5 7111 - 8291
investor(at)immofinanz.com
www.immofinanz.com
PRESS CONTACT:
Sandra Bauer
Head of Corporate Communictions / Press Spokesperson
IMMOFINANZ AG
A-1100 Wien, Wienerbergstraße 11
Tel.: +43 (0)5 7111 - 2292
M.: +43 (0)699 1685 7292
Fax: +43 (0)5 7111 - 8292
s.bauer(at)immofinanz.com
www.immofinanz.com
End of Corporate News
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02.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
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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134033 02.08.2011
Datum: 02.08.2011 - 10:58 Uhr
Sprache: Deutsch
News-ID 40501
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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