DGAP-News: IMMOEAST AG: IMMOEAST AG concludes refinancing of EUR 250 m for three properties in Poland
(firmenpresse) - IMMOEAST AG / Miscellaneous
11.03.2010 10:00
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Vienna, 11 March 2010
Press Release
IMMOEAST AG concludes refinancing of EUR 250 m for three properties in
Poland
Financing partner is Helaba (Landesbank Hessen-Thüringen)
Expansion of attractive 'Sliesia City Center' in Katowice starts 2010
Helaba Landesbank Hessen-Thüringen has agreed to refinance EUR 250 m in a
property-backed deal involving IMMOEAST properties 'Silesia City Center', a
shopping centre in Katowice, and two office buildings in Warsaw.
IMMOEAST AG acquired 'Silesia City Center', the largest cutting edge
shopping centre in Upper Silesia in 2005. Katowice is at the centre of the
booming region of Upper Silesia, and is one of Poland's leading economic
centres. The attractive 'Silesia City Center' encompasses a total of
110,000 sqm with a net rentable area of 65,800 sqm, room for 240 outlets,
and 3,000 parking spaces. 100 percent of the available space in the
shopping centre has been leased on long-term contracts since its opening,
underlining the success of the site. High footfall and demand from
potential tenants for additionalspace have led to the decision to begin
expanding the shopping centre in 2010 with an additional 18,500 sqm over
two floors. Completion is scheduled for March 2011, with a total of around
EUR 48 m to be invested in the expansion.
The refinanced portfolio also includes two first class office buildings in
Warsaw, 'Brama Zachodnia' and 'IO-1'. Completed in 2001, 'Brama Zachodnia'
has a net rentable area of around 24,000 sqm. 'IO-1' is a modern building,
completed in 2007, and offers a net rentable area of 23,500 sqm. Both
properties are distinguished by ideal traffic connections and an
above-average standard of facilities.
'Due to our portfolio's long-term earning power and stable development, we
were able to secure refinancing for our properties despite such a difficult
economic climate', says Dr Eduard Zehetner, CEO of IMMOFINANZ Group.
Contact:
Margit Hermentin
Head of Investor Relations
IMMOFINANZ&IMMOEAST AG
A-1120 Wien, Gaudenzdorfer Gürtel 67
Tel.: +43 (0) 5 7111 - 2290
Fax: +43 (0) 5 7111 - 8290
e-mail:
m.hermentin(at)immofinanz.com
m.hermentin(at)immoeast.com
www.immofinanz.com
www.immoeast.com
Press Officer:
Christoph Edelmann
ACCEDO Austria GmbH
T +43 1 533 87 00
christoph.edelmann(at)accedogroup.com
11.03.2010 10:00 Adhoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: IMMOEAST AG
Gaudenzdorfer Gürtel 67
1120 Wien
Österreich
Phone: +43 (0) 5 7111 - 2290
Fax: +43 (0) 5 7111 - 8290
E-mail: investor(at)immoeast.com
Internet: http://www.immoeast.at
ISIN: AT0000642806
WKN: A0BLUL
Listed: Freiverkehr in Berlin, München,Stuttgart; Open Market in
Frankfurt; Foreign Exchange(s) Wien
End of News DGAP News-Service
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