• WKN: A2JN9W
  • ISIN: AT0000A21KS2
  • Land: Österreich

Nachricht vom 10.06.2015 | 09:16

IMMOFINANZ sells City Box self-storage chain

DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal

2015-06-10 / 09:16


IMMOFINANZ announces the sale of its City Box subsidiary. This second
largest self-storage chain in the Netherlands has a total of 23 locations.
The buyer is Shurgard, the market leader for storage centers in the
Netherlands and Europe. The sale price exceeds the carrying amount of the
properties, the parties have agreed not to disclose further details of the
transaction. The contract has already been signed, and the closing is
expected to take place until early July.

"This sale represents a further strategic step to adjust and optimize our
portfolio and concentrate on our core markets in Central and Eastern
Europe. At the same time, we are also benefitting from the dynamic demand
by investors in this segment", commented Oliver Schumy, CEO of IMMOFINANZ
Group, on the transaction.

The sale will substantially reduce the share of non-core countries in
IMMOFINANZ's standing investment portfolio to 1.5% (compared with 3.5% at
the end of January 2015).

IMMOFINANZ Group is one of the leading listed property companies in Europe.
The company is included in the leading ATX index of the Vienna Stock
Exchange and also trades on the Warsaw Stock Exchange. Since its founding
in 1990, the company has compiled a high-quality property portfolio that
now comprises more than 470 investment properties with a carrying amount of
approx. EUR 6.8 billion. IMMOFINANZ Group concentrates its activities in
the retail, office and logistics segments of eight regional core markets:
Austria, Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and
Russia. Further information under: / /

For additional information please contact:

Bettina Schragl
Head of Corporate Communications & Investor Relations
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290 


2015-06-10 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:    English                                                    
Company:     IMMOFINANZ AG                                              
             Wienerbergstraße 11                                        
             1100 Wien                                                  
Phone:       +43 (0) 1 88090 - 2291                                     
Fax:         +43 (0) 1 88090 - 8291                                     
ISIN:        AT0000809058                                               
WKN:         911064                                                     
Listed:      Regulated Unofficial Market in Berlin, Munich, Stuttgart;  
             Open Market in Frankfurt ; Wien (Amtlicher Handel /        
             Official Market)                                           
End of News    DGAP News-Service  
366901 2015-06-10                                                      


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