S IMMO AG acquires Vienna Twin Towers
Today, S IMMO AG (Bloomberg: SPI:AV, Reuters: SIAG.VI; ISIN: AT0000652250, the "Company") concluded the purchase of the Twin Towers on Wienerbergstrasse in Vienna from IMMOFINANZ AG.
Considered among Vienna's most renowned office towers, the Twin Towers comprise a gross lettable area of about 66,000 m², were recently valued at EUR 194m and generate rental income at EUR 12.6m per year.
Herwig Teufelsdorfer, member of the Management Board of S IMMO AG, commented: "We are proud to add these excellent office properties to S IMMO's portfolio in our home market of Vienna. This purchase will make a positive contribution to our earnings and is consistent with our portfolio optimisation strategy."
The transaction involves IMMOFINANZ, which is a related party of S IMMO AG within the meaning of section 95a (2) of the Austrian Stock Corporation Act (AktG). Further information on the transaction is available on the company's website at https://www.simmoag.at/fileadmin/redakteur/Investor_Relations/Corporate_Governance/Related-Party-Transaction-2023-07-EN.pdf.