IMMOEAST AG
IMMOEAST AG: IMMOEAST AG sells WIPARK Garagen AG
IMMOEAST AG / Disposal Release of an Ad hoc announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Ad-hoc IMMOEAST AG IMMOEAST AG sells WIPARK Garagen AG Vienna, 27 March 2009 IMMOEAST AG sold WIPARK Garagen AG today to STPM Städtische Parkraummanagement GmbH and Parkraum Wien Management GmbH, two companies belonging to the municipal utility firm WIENER STADTWERKE. The buyer was the best bidder to emerge from the tendering process. WIPARK Garagen AG as a subsidiary of IMMOAUSTRIA, is an Austrian garage owner and operator with 10,600 parking places at 30 locations in Vienna, Graz and Budapest. The sale is part of the IMMOFINANZ Group's new strategy of focusing on the office, retail, logistics and residential segments. At the same time, the sale makes a substantial contribution to the necessary stabilisation of liquidity in the IMMOFINANZ Group. Confidentiality was agreed concerning the purchase price and other conditions of the transaction. The acquisition is subject to approval by the competent competition authority. Contact: Margit Hermentin Head of Investor Relations IMMOFINANZ & IMMOEAST AG A-1120 Wien, Gaudenzdorfer Gürtel 67 Tel.: + 43/1/532 06 39 - 0 Fax: +43/1/532 06 39-790 e-mail: m.hermentin@immofinanz.com m.hermentin@immoeast.com www.immofinanz.com www.immoeast.com 27.03.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: IMMOEAST AG Gaudenzdorfer Gürtel 67 1120 Wien Österreich Phone: 0043 1 536 16-419 Fax: 0043 1 536 16-491 E-mail: investor@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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