IMMOFINANZ sells Vienna Twin Towers to S IMMO

IMMOFINANZ is pleased to announce the sale of the Twin Towers on Wienerbergstrasse in Vienna to S IMMO.

“This sale is consistent with our focused portfolio strategy,” said Pavel Měchura, member of the Executive Board of IMMOFINANZ. “We continue to capture synergies and efficiency gains along with S IMMO, which will ultimately benefit all stakeholders.”

Management and leasing of the property, which is 100% occupied and operates under the innovative myhive brand, will continue to be carried out by IMMOFINANZ. Because IMMOFINANZ fully consolidates S IMMO, the transaction will not have any impact on the Group’s financial position.