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EQS-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal
United Benefits Holding acquires City Tower Vienna for EURO REAL ESTATE from IMMOFINANZ
2024-05-06 / 08:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
United Benefits Holding acquires
City Tower Vienna for EURO REAL ESTATE
from IMMOFINANZ

. Landmark property with 26,600 sqm of usable space at top location in Wien Mitte
. United Benefits Holding realises acquisition of the "Justizzentrum Wien Mitte" for EURO REAL ESTATE with
a transaction volume of more than 150 million Euros
. Transaction brokerage provided by EHL Investment Consulting

Vienna, 06.05.2024 - With a purchase price of more than 150 million Euros, this sale is the largest transaction in the
office segment of Austria's real estate market to date in 2024: EURO REAL ESTATE, a member company of the Wilhelm von
Finck Group, acquired the City Tower Vienna, one of the most prominent office properties in Vienna, from IMMOFINANZ.
United Benefits Holding realised the acquisition through an individual mandate and will now support asset management as
a local partner. Based on the early demonstration of taxonomy eligibility, United Benefits Holding was also able to
optimise the financing conditions with a major domestic bank. The tower has 24 upper and 4 underground floors with
roughly 26,600 sqm of usable space as well as 100 underground parking spaces. It is leased in its entirety to the
Republic of Austria and houses the judiciary center in Wien Mitte. The transaction was brokered by EHL Investment
Consulting.

This 87 meter complex comprises a high-rise tower with a rotated head structure and two partially elevated side
buildings, each with a height of 28 meters. It is located at a central site on the Marxergasse, directly near the
urbane Wien Mitte railway station, one of the most important inner city traffic hubs with stations for the U3 and U4
underground lines, the rapid transit railway, long-distance trains, the CAT and numerous tram and bus lines. Vienna
International Airport can be reached in 16 minutes, and the Main Railway Station and West Railway Station in ten
minutes.

Michael Klement, CEO of United Benefits Holding: "The City Tower Vienna is an iconic property that has become a
landmark on Vienna's skyline. The success of our efforts in identifying and realising an investment opportunity of this
size in the current difficult market phase underscores the confidence of institutional investors in our company. The
tower is a landmark property, which we plan to develop with a top tenant into a green asset over the coming years. From
the deal sourcing to transaction management and active asset management, this project is further proof of concept for
our integrated service portfolio."

Ralf Peter, Managing Director of EURO REAL ESTATE, on the transaction: "The acquisition of the City Tower Vienna by
EURO REAL ESTATE underscores our commitment to sustainable and stable value investments in first-class properties. We
are proud to work with United Benefits Holding as our transaction manager, whose expertise and extensive service
offering enabled the successful conclusion of this complex transaction. This acquisition demonstrates our confidence in
the Vienna market and our strategy to invest in trophy assets that create long-term value for the Wilhelm von Finck
Group."

"The successful sale of the City Tower Vienna shows that we are making very good progress with our strategic sales
programme. We were able to sell this landmark property at an attractive price around book value. The sale price of over
150 million Euros is the largest transaction to date this year on the Vienna office market and, in times where the
investment market is characterised by noticeable restraint on the part of buyers, it demonstrates the outstanding
quality of our properties and the high real estate expertise of our team. In line with our strategy, we plan to invest
the proceeds in higher yielding retail and office properties to create additional value", explained Radka Doehring,
Member of the IMMOFINANZ Executive Board.

"We are very proud to have brokered this trophy property to a sustainability oriented investor in these challenging
times. The long contract term with the Republic as an optimal tenant at one of the most attractive locations in Vienna
is the basis for this transaction", explained Franz Pöltl, Managing Partner of EHL Investment Consulting. "Investors
with strong equity resources are beginning to stretch out their feelers in the absolute top segment and anticipate the
expected recovery of the investment market."

United Benefits Holding and its subsidiaries were responsible for the deal sourcing, structuring and financing of the
transaction as well as the due diligence and contract negotiations. Professional support was provided by Schönherr
Rechtsanwälte (legal); TPA Unternehmensberatung (tax), United Climate (ESG check) and Salzmann Capital (financing).
On United Benefits Holding
United Benefits Holding is an independent real estate service provider with an integrated approach. Together with its
subsidiaries - INVESTER United Benefits (Development), EKAZENT Asset Management, United Climate (ESG-Full-Service) and
WEALTHCORE Investment Management - it initiates, develops, realises and manages real estate investments in the DACH
region and offers a full range of services and processes along the entire value chain for real estate investments. In
line with the company's clear ESG strategy, independence, transparency and social justice as well as CO[2] reduction
and the sustainable creation of value represent the focal points for all investments. The group employs roughly 90
employees and manages a volume of approximately two billion euros. www.ub-holding.com

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 500 properties with a combined value of
approximately EUR 8.2 billion. The company is listed on the stock exchanges in Vienna (leading ATX index) and
Warsaw. Further information under: https://www.immofinanz.com

On EHL Immobilien
EHL Immobilien is one of Austria's leading real estate service providers and is specialised in commercial, investment
and residential properties. Its activities range from property brokerage and appraisal, asset and portfolio management
to market research and investment advising. The exclusive partnership with the global real estate service provider BNP
Paribas Real Estate gives the EHL Group access to a global network and market know-how in 23 countries.
EHL Immobilien was founded in 1991 and has grown to become one of the leading brokers in all major segments of the
Austrian market, in particular the rental of offices (2023: approx. 60,000 sqm) and retail properties through its
subsidiary EHL Gewerbeimmobilien GmbH and the brokerage of apartments (2023: approx. 1,750 units rented/sold/invested)
by its subsidiary EHL Wohnen GmbH. The subsidiary EHL Investment Consulting GmbH is the market leader in Austria with a
brokered transaction volume of approximately EUR 700 million. In addition, EHL Immobilien Bewertung GmbH is the number
one for property appraisal. www.ehl.at

Press Contacts
United Benefits Holding GmbH
Agentur SCRIVO Public Relations
Tristan Thaller
T + 49 89 45 23 508 15, M +49 1512 1731447
tristan.thaller@scrivo-pr.de;
Website: scrivo-pr.de

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

EHL Immobilien
M&B PR, Thomas Brey
M +43 676 542 39 09, brey@mb-pr.at

2024-05-06 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com  
Language:     English 
Company:      IMMOFINANZ AG 

Wienerbergstraße 9
1100 Vienna
Austria

Phone:        +43 (0) 1 88090 - 2291 
Fax:          +43 1 88090 - 8291 
E-mail:       investor@immofinanz.com 
Internet:     http://www.immofinanz.com 
ISIN:         AT0000A21KS2 
WKN:          A2JN9W 
Listed:       Regulated Unofficial Market in Berlin, Frankfurt, Munich, Stuttgart; Warschau, Vienna Stock Exchange 

(Official Market)
EQS News ID: 1895659

End of News EQS News Service
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1895659 2024-05-06 CET/CEST

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May 06, 2024 02:30 ET (06:30 GMT)