IMMOFINANZ sells office properties in Warsaw

EQS-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal
IMMOFINANZ sells office properties in Warsaw

13.06.2024 / 13:54 CET/CEST
The issuer is solely responsible for the content of this announcement.

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IMMOFINANZ sells office properties in Warsaw

IMMOFINANZ is selling an office property complex in Warsaw to a Polish real
estate investor, thus taking another step in its strategic portfolio
optimisation.

IMMOFINANZ has successfully completed the sale of three office buildings in
Warsaw to the Polish ECHO Investment Group. The transaction price amounts to
EUR 28.5 million. Located in Warsaw's Mokotów Business District, the office
complex has approximately 43,000 sqm of usable space. The sale is in line
with the portfolio optimisation strategy of IMMOFINANZ and was carried out
at approximately carrying amount.

"We are pleased about the successful sale as part of our portfolio
optimisation programme and will reinvest the released liquidity in the
value-creating expansion of our innovative office and retail solutions,"
says Radka Doehring, member of the IMMOFINANZ Executive Board.

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 8.1 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

IMMOFINANZ
1100 Vienna, Wienerbergstraße 9, Austria
www.immofinanz.com


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13.06.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com

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   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, Tradegate Exchange; Warschau, Vienna
                   Stock Exchange (Official Market)
   EQS News ID:    1924725

End of News EQS News Service
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1924725 13.06.2024 CET/CEST