IMMOFINANZ Group: Silesia City Center extension receives award as “Extended/Refurbished Project of the Year“

Post by Mag. Stella Julia Hatzl, Corporate Communications - IMMOFINANZ AG on February 16th, 2012.
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On 9 February 2012 IMMOFINANZ Group received the “Extended/Refurbished Project of the Year“ award from EuropaProperty for the second phase of the Silesia City Center. This annex, which was developed directly by the Group, opened in October 2011 and has since enjoyed great popularity, with 300,000 visitors counted in the first week alone. With 86,000 sqm of selling space and a total of 310 shops, the Silesia City Center is one of the top five shopping centers in Poland.
The CEE Retail Real Estate Awards were presented this year for the fourth time by the portal EuropaProperty. On 9 February 2012 in Warsaw, well-known retailers and investors from nine countries were honoured in over 20 categories. The award for the “Extended/Refurbished Project of the Year“ went to IMMOFINANZ Group: the Silesia City Center extension convinced the jury of distinguished experts.   The ... read more

IMMOFINANZ Group sells inner city palace in Vienna

Post by Mag. Stella Julia Hatzl, Corporate Communications - IMMOFINANZ AG on February 13th, 2012.
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IMMOFINANZ Group, Austria’s largest real estate investor and developer, has sold a historical inner city office building in Vienna to a private asset management firm. This property was built in 1718 as the Batthyány Palace and is located at Bankgasse 2 in the first district. The EUR 22 million sale price for this property with over 3,300 sqm of rentable space exceeds the carrying amount by more than 30%.
“Vienna is currently experiencing an increase in the demand for prime properties at central locations, and selling prices are consequently attractive. In this case the offering price was significantly higher than the carrying amount, and we were happy to take advantage of this opportunity“, commented Eduard Zehetner, Chief Executive Officer of IMMOFINANZ Group, on this latest transaction. “The transaction ... read more

IMMOFINANZ Group subsidiary wins decisive Dragon FX lawsuit

Post by Mag. Sandra Bauer, Head of Corporate Communications - IMMOFINANZ AG on January 26th, 2012.
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In a long-awaited ruling (9 Ob 17/11g) on case 18 Cg 29/09t before the Vienna Commercial Court concerning the investment product “Dragon FX Garant“, the Austrian Supreme Court has clarified key legal issues in favour of the former Constantia Privatbank AG – now Aviso Zeta AG.   The previous standpoint of investors in these legal proceedings was that they had purchased a share in an investment fund ... read more