DGAP-News: IMMOFINANZ AG: IMMOFINANZ Group optimises office and retail portfolio in Austria
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal
IMMOFINANZ AG: IMMOFINANZ Group optimises office and retail portfolio
in Austria
05.09.2011 / 09:57
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IMMOFINANZ Group optimises office and retail portfolio in Austria
IMMOFINANZ Group successfully continues to implement its strategy and
profitably strengthen the property portfolio through selective
transactions. Four office and retail properties in Austria were sold during
the first quarter of the 2011/12 financial year. At roughly EUR 17 million,
the proceeds from these transactions substantially exceeded the total
carrying amount.
In June 2011 IMMOFINANZ Group sold a number of properties, including an
office building at Wallgasse 3 in the sixth district of Vienna that is
leased to the Public Employment Service Austria (AMS) through a long-term
contract and an office building at Landstrasse 66 in Linz, Upper Austria.
The retail properties include a former specialty shopping centre in the
Lower Austrian city of Amstetten and a building constructed on land owned
by a third party in Völkermarkt, Carynthia. 'We defined a clear sale
strategy for our company during the past year. In particular, we are
planning to sell properties whose size, quality and location no longer fit
with our target portfolio', explained Manfred Wiltschnigg, member of the
Executive Board of IMMOFINANZ Group, on these recent transactions. 'These
sales represent a further step toward the optimisation of our portfolio in
Austria and will generate funds for the acquisition of new properties in
prime locations', added Wiltschnigg.
In 2010 IMMOFINANZ Group approved an ambitious five-year, EUR 2.5 billion
sale programme. Results for the first 15 months after the programme launch
exceeded the company's goals. Property sales had generated proceeds of EUR
665.4 million by 31 July 2011, or EUR 40.4 million over the target.
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 standing
investments with a carrying amount of approx. EUR 8.5 billion. The core
business of IMMOFINANZ Group covers the acquisition and management of
standing investments, the realisation of development projects and the sale
of properties. The business activities of 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.
More information: www.immofinanz.com.
Contact:
Simone Korbelius
Investor Relations
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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05.09.2011 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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138189 05.09.2011
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Datum: 05.09.2011 - 09:57 Uhr
Sprache: Deutsch
News-ID 62164
Anzahl Zeichen: 12588
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Kategorie:
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