DGAP-News: IMMOFINANZ AG: IMMOFINANZ Group secures prime office property in Warsaw
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate
IMMOFINANZ AG: IMMOFINANZ Group secures prime office property in
Warsaw
22.09.2011 / 08:44
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IMMOFINANZ Group secures prime office property in Warsaw
IMMOFINANZ Group continues to expand its portfolio in the most dynamic CEE
market: as of 21 September 2011 this Austrian real estate investor and
developer purchased the Park Postepu, a fully rented, modern office
property in Warsaw, from the Polish Echo Investment S.A. for about EUR 102
million. For IMMOFINANZ Group, this is the largest office property
acquisition since 2008.
The newly acquired property in the Mokotow district of Warsaw represents an
excellent addition to IMMOFINANZ Group's International High-Class Office
portfolio. The Park Postepu was built in 2009/2010 and comprises four
multi-purpose, innovative buildings with high-quality furnishings and a car
park. The 33,826 sqm of rentable space is fully leased over the long-term
to financially strong national and international tenants. 'This acquisition
is a great success for IMMOFINANZ Group: the interest of national and
international investors in this top property was enormous. In the end, we
were able to convince the sellers with our many years of experience and our
know-how in efficiently settling transactions of this size', commented
Manfred Wiltschnigg, member of the Executive Board of IMMOFINANZ Group, on
the successful conclusion of negotiations. Another positive aspect for
IMMOFINANZ Group is the acquisition financing concluded with ERSTE Group
Bank AG - an important signal that debt financing is still available for
top properties at acceptable conditions, even in times of high volatility
on financial markets.
IMMOFINANZ Group's International High-Class Offices segment includes
prestigious properties in prime locations. This business segment is
characterised by high tenant demand and stable value, even during times of
financial crisis. Plans therefore call for International High-Class Offices
to play a greater role as a stabilising factor for the Group's portfolio in
the future. The acquisition of the Park Postepu in Warsaw is part of this
corporate strategy, just as the current plans for the Nimbus office
development project in Warsaw with approx. 20,000 sqm of rentable space.
At the end of the 2010/11 financial year, International High-Class Offices
comprised 12.6% of the standing investment portfolio of IMMOFINANZ Group.
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 under: www.immofinanz.com.
For additional information contact:
Sandra Bauer
Head of Corporate Communications | Press SpokeswomanIMMOFINANZ Group
T +43 (0)5 7111 2292,
M +43(0)699 1685 7292
s.bauer(at)immofinanz.com
End of Corporate News
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22.09.2011 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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140030 22.09.2011
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Datum: 22.09.2011 - 08:44 Uhr
Sprache: Deutsch
News-ID 68477
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Kategorie:
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