IMMOEAST AG
IMMOEAST AG re-lets 40,000 sqm in Hungary
IMMOEAST AG / Contract 13.10.2009 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, 13 October 2009 Press Notice IMMOEAST AG re-lets 40,000 sqm in Hungary: International tenants extend their lease contracts in Euro Business Park in Budapest IMMOEAST AG was able to extend existing lease contracts of approximately 40,000 sqm in the Euro Business Park in Budapest. The lease conditions are at market standard, the average maturity is 5 years. The Euro Business Park is situated in the west of Budapest and has direct access to the highway. 'The excellent locations and the high quality of our portfolio show that we can satisfy the needs of international tenants including General Motors, BAYER and Cemelog despite difficult market conditions, and that they are willing to renew their contracts', Dr. Eduard Zehetner, CEO of IMMOFINANZ group, said. 'These extended lease contracts ensure a stable cash-flow for IMMOEAST', he continues. Further information: Investor Relations & Corporate Communications: Mag. Margit Hermentin IMMOFINANZ AG & IMMOEAST AG t +43 (0)5 7111-2290 m.hermentin@immofinanz.com Press coordination: Mag. Christoph Edelmann ACCEDO Austria GmbH t +43 (0)1 533 87 00 christoph.edelmann@accedogroup.com 13.10.2009 financial News transmitted by DGAP --------------------------------------------------------------------------- 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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