IMMOFINANZ AG: IMMOFINANZ successfully closes the sale of properties on the Wienerberg

IMMOFINANZ successfully closes the sale of properties on the Wienerberg

IMMOFINANZ has successfully sold further properties on the Wienerberg in Vienna to S IMMO. This portfolio covers five office properties and a hotel tower with approximately 81,000 sqm of gross lettable area.

„This sale reflects our focused portfolio strategy and shows that we are continuing to utilise synergies together with S IMMO to improve efficiency and increase profitability for all our stakeholders", commented Pavel Měchura, member of the IMMOFINANZ Executive Board.

Management and leasing of these properties, most of which are operated under the innovative myhive brand, will continue to be carried out by IMMOFINANZ.

On IMMOFINANZ

IMMOFINANZ is a commercial real estate group whose activities are focused on the office and retail segments of eight core markets in Europe: Austria, Germany, Poland, Czech Republic, Slovakia, Hungary, Romania and the Adriatic region. The core business covers the management and development of properties, whereby IMMOFINANZ relies on its established real estate brands – STOP SHOP (retail), VIVO! (retail) and myhive (office) – and also on complementary products and portfolios that include S IMMO. IMMOFINANZ increased its investment in S IMMO to 50% plus one share at the end of 2022 and now consolidates this company in full. IMMOFINANZ Group holds roughly 520 properties with a combined value of approximately EUR 7.8 billion. IMMOFINANZ is listed on the stock exchanges in Vienna (leading ATX index) and Warsaw. Further information under: https://www.immofinanz.com

For additional information contact:

Simone Korbelius
Investor Relations and Corporate Communications
T +43 (0)1 88 090 2291
M +43 (0)699 1685 7291
communications@immofinanz.com
investor@immofinanz.com