Immofinanz Prepares for BUWOG Sale

Professional ServicesReal Estate ♦ Published: August 3, 2013; 14:48 ♦ (Vindobona)

The Austrian real estate company plans a going-public for Buwog in 2014. Above all, Immofinanz wants to complete Buwog´s German portfolio.

Immofinanz Prepares for BUWOG Sale / Picture: ©

After the going-public was postponed in 2014, Immofinanz´s CEO wants to make use of the time. In the next months, Immofinanz plans to buy about 900 apartments in Germany from the Israeli real estate group Tshuva (TGE). The apartments, which would complete Buwog´s property portfolio, are located in Lüneburg. In total, Immofinanz is said to acquire about 10,000 German apartments before…