IMMOFINANZ Group: Proceeds of over EUR 33 million on apartment house sale in Vienna

IMMOFINANZ Group: Proceeds of over EUR 33 million on apartment house sale in Vienna

Published at: 2012-08-22 13:50 | Author: CIJ Journal
Cycle-optimised sales represent a key element of the IMMOFINANZ real estate machine. With the sale of the Mariahilfer Strasse 53, an apartment building in Vienna, IMMOFINANZ Group recently completed such a transaction. This property is a revitalised structure that was built in the late 19th Century: the ground floor and first floor of the building, which has 4,000 sqm of usable space, contain retail areas that are leased to a well-known textile chain; the rest of the space includes offices and apartments. The selling price topped EUR 33 million, which is significantly higher than the current carrying amount.

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