DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal
15.12.2016 / 15:10
The issuer is solely responsible for the content of this announcement.

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IMMOFINANZ announces the sale of a smaller Austrian retail portfolio to an Austrian real estate investor and, with this transaction, continues its strategic withdrawal from properties that are not part of the core business. The portfolio covers 88 properties with approx. 108,000 sqm of rentable space in eight Austrian provinces. The parties to the transaction have agreed not to disclose any information on the purchase price. The closing will take place in several steps through the end of 2017.
"These sold properties are part of a complex specialised portfolio that is tailored to the needs of a single major tenant. This sale represents a further step in our portfolio optimisation, which calls for a concentration on our STOP SHOP retail parks and our VIVO! shopping centers in the retail sector. Both brands have a high degree of standardisation which allows for fast and cost-efficient growth", indicated Oliver Schumy, CEO of IMMOFINANZ.

The reduction in rental income resulting from this sale will be almost entirely offset by the recently announced acquisition of eight STOP SHOPs in Hungary and Slovakia.

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15.12.2016 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.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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   Language:    English
   Company:     IMMOFINANZ AG
                Wienerbergstraße 11
                1100 Wien
                Austria
   Phone:       +43 (0) 1 88090 - 2290
   Fax:         +43 (0) 1 88090 - 8290
   E-mail:      investor@immofinanz.com
   Internet:    http://www.immofinanz.com
   ISIN:        AT0000809058
   WKN:         911064
Listed: Regulated Unofficial Market in Berlin, Munich, Stuttgart; Open Market in Frankfurt ; Warschau, Wien (Amtlicher                 Handel / Official Market)



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