Immofinanz Sells 2 Office Properties in Vienna's 20th DistrictImmofinanz Sells 2 Office Properties in Vienna's 20th District

Vienna, Austria — ATX stock Immofinanz said Friday it sold two office properties in Vienna’s 20th district to an Austrian real estate investor, optimizing its portfolio.

The two office properties in Dresdnerstraße in Vienna’s 20th district offer modern and flexible offices with approximately 13,000 sqm of usable space in the northern business district of Vienna.

The properties are fully rented and were sold above carrying amount.

Proceeds will be reinvested in higher yielding properties.

Radka Doehring, member of the Immofinanz Executive Board:

“The most recent sales in Austria and Croatia show that we are also making very good progress in optimising our portfolio in the current market environment. These successful deals confirm that thanks to the high quality of our properties and the excellent performance of our teams, we are able to generate added value for our company even in the currently challenging environment. In line with our strategy, we will invest the proceeds from the sale in value-creating purchases of higher yielding properties in our core markets.”

By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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