Immofinanz Continues Sale Program in Austria

Professional ServicesReal Estate ♦ Published: September 5, 2011; 19:17 ♦ (Vindobona)

The Austrian real estate company reported the successful implementation of its five-year sale program. By 31 July property sales had generated proceeds of € 665.4m.

Immofinanz Continues Sale Program in Austria / Picture: © Immofinanz

Immofinanz sold four office and retail properties in Austria during the first quarter of the 2011/12 financial year. At roughly € 17m, the proceeds from these transactions substantially exceeded the total carrying amount, the company stated.

In June 2011 Immofinanz Group sold a number of properties, including an office building at Wallgasse 3 in the sixth district of Vienna…