IMMOFINANZ Group: internationally successful tenant for Szépvölgyi Business Park in Hungary

IMMOFINANZ AG / Key word(s): Real Estate

11.07.2012 / 10:15

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The Szépvölgyi Business Park in Budapest, an IMMOFINANZ Group office
property, will soon become the corporate headquarters for a further
international company. The new tenant for approx. 6,400 sqm of office space
is NNG LLC, a navigation software company, which will relocate this autumn.
The ten-year contract was signed in early summer and preparations for the
tenant's adaptations are now in progress.

Surrounded by a park, the modern Szépvölgyi Business Park is located in the
Hungarian capital directly at the foot of the Rózsadomb on the Buda side of
the river. The building can be easily reached with public transportation
and by car; 240 spaces in underground garages and 35 aboveground spaces
provide for sufficient parking. The complex has approx. 9,450 sqm of
rentable office space on each of four levels in three buildings, nearly
two-thirds of which will be occupied by NNG. Attractive infrastructure in
close proximity - including a health club, bank and post office as well as
numerous restaurants - round out the offering of this International
High-Class Office property.

'The current market situation in Hungary is challenging. Especially in this
environment, the new rental of more than 6,000 sqm of office space is a
notable success that speaks for our high-quality office properties and our
professional asset management. The unique feature of the Szépvölgyi
Business Park is its green view - in any case, an alternative to the normal
major city office routine. That makes it an excellent fit for our
high-quality Budapest office portfolio', commented Eduard Zehetner,
Chairman of the Executive Board of IMMOFINANZ Group. 'This contract signing
has brought us an important step closer to our goal of successively
reducing vacancies in Hungary and steadily improving our rental
indicators', added Zehetner.


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
property 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 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. Further information under: www.immofinanz.com.


Contact:
For additional information contact:

INVESTOR RELATIONS

Stefan Schönauer
Head of Corporate Finance & Investor Relations 
IMMOFINANZ AG
M +43 (0)699 1685 7312
investor@immofinanz.com 

Simone Korbelius
Investor Relations
IMMOFINANZ AG
T +43 (0)5 7111 2291
investor@immofinanz.com 

MEDIA INQUIRIES

Sandra Bauer
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ AG
T +43 (0)5 7111 2292
M +43 (0)699 1685 7292
communications@immofinanz.com 

A-1100 Wien, Wienerbergstraße 11
www.immofinanz.com


End of Corporate News

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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@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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