DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal
21.10.2014 / 07:30

---------------------------------------------------------------------
IMMOFINANZ Group has sold three logistics properties in Switzerland to a Credit Suisse AG real estate fund and completed its exit from the Swiss market. At roughly CHF 115 million (approx. EUR 95 million), the sale price exceeded the book value of the properties. The transaction, which has already closed, covered two properties in Bülach and one in Derendingen with approx. 140,000 sqm of rentable space.

"After the sale of the logistics property in Egerkingen, this step completes our exit from the secondary market Switzerland. We were also able to benefit from the high CHF exchange rate on this transaction", commented Eduard Zehetner, CEO of IMMOFINANZ Group. "The funds generated by these sales will be used, among others, for the development of logistics projects in Germany, where we want to further expand the position of our subsidiary Deutsche Lagerhaus (DLG) as a key logistics player."
IMMOFINANZ Group's business model calls for property sales averaging EUR 500 million to 600 million each year. The original plan to sell EUR 2.5 billion of real estate within five years was exceeded after only four years, with the transactions resulting in a double-digit margin over the book value.


On IMMOFINANZ Group 
IMMOFINANZ Group is one of the leading listed property companies in Europe. The company is included in the leading ATX index of the Vienna Stock Exchange and also trades on the Warsaw Stock Exchange. Since its founding in 1990, the company has compiled a high-quality property portfolio that now comprises more than 470 investment properties with a carrying amount of approx. EUR 6.9 billion. As a "real estate machine" the company concentrates on linking its three core business areas: the development of sustainable, specially designed prime properties in premium locations, the professional management of these properties and cycle-optimised sales. IMMOFINANZ Group concentrates its activities in the retail, office and logistics segments of eight regional core markets: Austria, Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Russia. Further information under: http://www.immofinanz.com / http://blog.immofinanz.com / http://properties.immofinanz.com


For additional information please contact:

MEDIA INQUIRIES
Bettina Schragl
Head of Corporate Communications | Press Spokesperson IMMOFINANZ Group 
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications@immofinanz.com

INVESTOR RELATIONS
Stefan Schönauer 
Head of Corporate Finance & Investor Relations 
IMMOFINANZ Group 
T +43 (0)1 88 090 2312 
M +43 (0)699 1685 7312 
investor@immofinanz.com 



---------------------------------------------------------------------
21.10.2014 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------

Language: English Company: IMMOFINANZ AG Wienerbergstraße 11 1100 Wien Austria Phone: +43 (0) 1 88090 - 2291 Fax: +43 (0) 1 88090 - 8291 E-mail: investor@immofinanz.com Internet: http://www.immofinanz.com ISIN: AT0000809058 WKN: 911064 Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in Open Market ; Wien (Amtlicher Handel / Official Market)  
 
End of News    DGAP News-Service  
--------------------------------------------------------------------- 292486 21.10.2014