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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Thomson Reuters StreetEvents
Provider: Thomson Reuters StreetEvents

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Immofinanz AG Sells Silesia City Center, Poland; Starts Construction of Shopping Center in Stalowa Wola, Poland

Friday, 13 Sep 2013 04:00am EDT 

Immofinanz AG announced that it has closed the sale of the Silesia City Center in Poland for EUR 412 million to an international consortium of investors led by Allianz. The sale price exceeded the book value, as reported, but no further details on the transaction will be revealed. Parallel to the completion of this sale, IMMOFINANZ has started another retail development project on the Polish market. It involves the construction of a shopping center with approximately 30,000 square meters of rentable space in Stalowa Wola. The investment is expected to total EUR 50 million. Construction should start during the first half of 2014, and completion is scheduled for the first half of 2015. 

Company Quote

-0.047 -1.90%
11:35am EDT