S IMMO AG: S IMMO AG sells Zagrebtower

Vienna (pta030/21.03.2024/13:15 UTC+1)

S IMMO has signed the contract to sell the Zagrebtower to the OTP Group. The office building comprises a total net area of almost 26,000 m² and has a BREEAM International In-Use Excellent certificate. The transaction is expected to close in the third quarter of 2024, subject to the necessary regulatory approvals.

The disposal is in line with S IMMO's adjusted strategy of gradually withdrawing from the Croatian market. Tomáš Salajka, member of S IMMO's Management Board, comments: "We are pleased with this successful sale, which creates liquidity for investments in other core markets of S IMMO."

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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)