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Immofinanz Continues Sale Program in Austria
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: © Vindobona.org
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…
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