Immofinanz Continues Sales in Austria

Professional ServicesReal Estate ♦ Published: May 8, 2012; 16:19 ♦ (Vindobona)

The Austrian real estate group continues its “portfolio optimization program”.

Immofinanz Continues Sales in Austria / Picture: ©

Since March 2012 Immofinanz Group has sold four properties in Austria: two office buildings, one commercial building and a hotel. These transactions reflect the company’s strategy to sell properties that do not match the target portfolio with respect to size, location, quality or use. The proceeds on these sales amounted to over € 12m and exceeded the carrying amount of the assets…