Brief: S IMMO Signs Letter Of Intent For Purchase Of Office Properties In Budapest

S IMMO AG

28/09/2022 11:50

Sept 28 (Reuters) - S IMMO AG  SIAG.VI :
    * LETTER OF INTENT FOR PURCHASE OF OFFICE PROPERTIES IN
BUDAPEST
SIGNED
    * TODAY S IMMO AG HAS SIGNED A LETTER OF INTENT WITH
RESPECTIVE
HUNGARIAN SUBSIDIARIES OF CPI PROPERTY GROUP S.A. AND IMMOFINANZ
AG. REGARDING ACQUISITION OF THEIR RESPECTIVE BUDAPEST OFFICE
PORTFOLIOS
    * POTENTIAL PURCHASE IS IN LINE WITH RECENTLY PUBLISHED
CORPORATE
STRATEGY AND, IF FULLY IMPLEMENTED, WOULD LEAD TO AN INCREASE IN
ANNUAL RENTAL INCOME OF MORE THAN EUR 30M PER YEAR
    * PURCHASE WOULD COMPRISE A TOTAL OF 15 PROPERTIES IN
BUDAPEST
WITH A TOTAL LETTABLE AREA OF ALMOST 250,000 M²

Source text for Eikon:  ID:nPexQtb1Ma 
Further company coverage:  SIAG.VI 
 (Gdansk Newsroom)
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