IMMOEAST AG
IMMOEAST AG: IMMOEAST AG concludes refinancing of EUR 250 m for three properties in Poland
IMMOEAST AG / Miscellaneous 11.03.2010 10:00 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 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 additional space 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@immofinanz.com m.hermentin@immoeast.com www.immofinanz.com www.immoeast.com Press Officer: Christoph Edelmann ACCEDO Austria GmbH T +43 1 533 87 00 christoph.edelmann@accedogroup.com 11.03.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.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@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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