United Benefits Holding acquires City Tower Vienna for EURO REAL ESTATE from
IMMOFINANZ

EQS-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal
United Benefits Holding acquires City Tower Vienna for EURO REAL ESTATE from
IMMOFINANZ

06.05.2024 / 08:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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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 CO2
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


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06.05.2024 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; Warschau, Vienna Stock Exchange
                   (Official Market)
   EQS News ID:    1895659

End of News EQS News Service
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1895659 06.05.2024 CET/CEST