S IMMO AG: Ongoing sales of German commercial properties

Vienna (pta016/18.07.2023/11:45 UTC+2)

During 2023, S IMMO AG has made meaningful progress on sales of commercial properties in Germany.

Most recently, S IMMO completed the sale (via a share deal) of a mixed-use property, Gohlis-Arkaden, in Leipzig. In total, nearly EUR 70m of commercial property sales, involving 11 properties, have been completed in 2023. S IMMO believes that commercial property sales can reach the target of EUR 200m by late 2023 or early 2024.

S IMMO has been advised in an advisory and brokerage capacity by NAIapollo/BBI-Immobilien, who have been exclusively mandated with the marketing of the commercial portfolio.

"In the current environment, market knowledge and investor access are extremely important," said Herwig Teufelsdorfer, member of the S IMMO Management Board. "These successful transactions with NAIapollo/BBI-Immobilien are an important part of S IMMO's disposal and reinvestment strategy."

(end)

Emitter:	S IMMO AG Wienerbergstraße 9 / 7. Stock 1100 Wien Austria
Contact Person:	Elisabeth Wagerer
Phone:	+43 1 22795-1120
E-Mail:	elisabeth.wagerer@simmoag.at
Website:	www.simmoag.at
ISIN(s):	AT0000652250 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)