IMMOFINANZ AG:

IMMOFINANZ Group launches first internal development project in Germany
with spectacular construction project at Düsseldorf Airport

Ten years after its entry into the German market as a real estate investor, the Austrian IMMOFINANZ Group is now expanding its activities in this neighbouring northern country. Only yesterday, the residential construction subsidiary BUWOG acquired the operating business and Berlin projects from the German housing developer CMI AG. Today IMMOFINANZ Group is presenting its first own development project in Germany with the spectacular Panta Rhei office building. The investment volume will total EUR 26.5 million.

'We acquired the Panta Rhei project from the FRANKONIA Group in full only one month ago and now plan to start construction at the beginning of June', indicated Eduard Zehetner, Chief Executive Officer of IMMOFINANZ Group. 'This represents a further step in the implementation of our strategy to convert non-controlling interests into majority holdings or to sell these investments. Clearly defined responsibilities allow for the faster realisation of projects - and that is exactly the approach we are following with our concept of the real estate machine', added Zehetner. The new office building should be ready for tenants by the end of 2013.

Panta Rhei: new architecture highlight at Düsseldorf Airport

'Everything flows' is an English expression for the melodic name of the 9,658 sqm prime Panta Rhei office building in the heart of the Airport City Düsseldorf. The flowing forms of the undulating exterior facade show that the building more than justifies this designation. One of the most important features of the project is its location: the third largest airport in Germany and a hub for intercontinental connections is only a short walk away. That gives the office building an excellent infrastructure with a diverse gastronomy offering and wide-ranging shopping alternatives. However not only the airport, but also the city center can be reached in ten minutes - another highlight of the well-defined concept for the Panta Rhei.

Christoph Blume, speaker for the management of Düsseldorf Airport, welcomes the planned activities of IMMOFINANZ Group and the related upgrading of this office location: 'This attractive project will create a further architectonic highlight for the high-quality business park at Düsseldorf Airport. Many well-known companies have already chosen the Düsseldorf Airport City as their office location - from a listed corporation to a radiology practice and consulting firm. That makes our business park unique', explained Blume. 'In addition to the attractive, park-like design, the most important advantage of the Düsseldorf Airport City is its location. Direct nearby access to the airport gives the office park optimal traffic connections - to the road system, public transportation and the airport's route network. It's only a few steps from the office to the check-in counter in the terminal', indicated Blume.

The Rhine as inspiration

Panta Rhei is a captivating building with spectacular architecture. Inspired by the Rhine River and its strong identification for Düsseldorf residents, the well-known architects at RKW Rhode, Kellermann, Wawrosky developed this unusual design. Wojtek Grabianowski described the story of its creation, 'You only need to look out the window when your plane approaches Düsseldorf. The curves of the river bed as it moves through the Düsseldorf landscape gave us the layout for the Panta Rhei. The building shell is a true-to-scale representation of the river, over all seven floors. The Rhine is also reflected in the space surrounding the building, just like a passe-partout'.

The exterior appearance of this undulating building shell with its wave-like facade structure gives the building a high recognition value. The curved lines stretch throughout the entire building and are underscored by the selection of materials - a combination of glass, aluminium and steel.

Design and function

This seven-floor office building has spacious glass fronts that allow for the optimal inflow of daylight as well as a glimpse of the landscaped parking areas with green areas, trees and water. Generous space and flexible floor plans allow for the individual design of workstation concepts: from individual or team offices and open lounges up to open space offices. State-of-the-art heating and cooling systems and an exterior sunshade that can be regulated individually in each room ensure maximum energy and cost efficiency.

'With the Panta Rhei we want to realise a prime office building that allows for perfect workflows and meets the highest demands. In addition to appealing architecture and flexible floor plans, tenants are becoming more interested in additional services', explained Ralph Bezjak, Head of Developments Commercial for IMMOFINANZ Group. 'We are well-prepared for this trend because we meet the highest construction standards and use top-quality materials and intelligent building equipment. For example, a sophisticated building management system with individual monitoring and measurement of all office units and common areas will guarantee full transparency. In addition, IMMOFINANZ Group places high value on sustainability in its development projects. For the Panta Rhei preparations have already started for LEED certification of the shell and core building', commented Bezjak in conclusion.

On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading 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 portfolio that now comprises more than 1,830 investment properties with a carrying amount of approx. EUR 9.81 billion. The core business of IMMOFINANZ Group covers the acquisition and active management of investment properties, the realisation of development projects and the sale of buildings. 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. Further information under www.immofinanz.com.

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Stefan Schönauer
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IMMOFINANZ AG
M +43 (0)699 1685 7312
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Simone Korbelius
Investor Relations
IMMOFINANZ AG
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Sandra Bauer
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IMMOFINANZ AG
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A-1100 Wien, Wienerbergstraße 11
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