Brief: IMMOFINANZ Signs Letter Of Intent For Sale Of Its Hungarian Office Properties To S IMMO

S IMMO AG

28/09/2022 11:53

Sept 28 (Reuters) - IMMOFINANZ AG  IMFI.VI :
    * LETTER OF INTENT FOR THE SALE OF THE HUNGARIAN OFFICE
PORTFOLIO
    * THIS TRANSACTION IS TAKING PLACE THROUGH CLOSE COOPERATION
WITHIN CPI PROPERTY GROUP TO REALISE SYNERGY EFFECTS AND CAN BE
USED TO EXTEND IMMOFINANZ'S SUCCESSFUL AND FLEXIBLE MYHIVE
OFFICE SOLUTIONS TO ENTIRE GROUP
    * CLOSING OF TRANSACTION COULD TAKE PLACE BEFORE END OF 2022
    * HUNGARIAN PORTFOLIO INCLUDES SIX BUILDINGS IN BUDAPEST
WITH
ROUGHLY 124,000 SQM OF RENTABLE SPACE
    * IMMOFINANZ HAS SIGNED A LETTER OF INTENT FOR SALE OF ITS
HUNGARIAN OFFICE PROPERTIES TO S IMMO

Source text for Eikon:  ID:nEQ7xLQ9ga 
Further company coverage:  IMFI.VI 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))