Immofinanz Sells Project in Germany

Published: December 12, 2011; 11:52 · (Vindobona)

The Austrian real estate group sells its stake in a project in Düsseldorf in order to grow in Russia and Poland.

Immofinanz Sells Project in Germany / Picture: © Immofinanz

For Immofinanz Group, the sale of its stake in the Andreas Quarter represents the next step in the steady implementation of the corporate strategy to sell projects with non-controlling interests or to transform them into majority holdings. The decision in favor of an exit reflected the fact that the Andreas Quarter, in the given joint venture structure, was not expected to generate the…

This article includes a total of 173 words.

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