Immofinanz Group has announced the completion of the minority shareholders of S Immo, at a price of €22.05 per share, as of December 3.
Following the completion of the transaction, Immofinanz fully controls S Immo.
“We are thus taking another step towards optimizing our Group structure and reducing costs. At the same time, we are strengthening our strategic orientation and creating flexibility for future investments,” says Pavel Měchura, member of the Executive Board of Immofinanz.
The group concentrates on its core business as a growth-oriented property owner of a high-quality real estate portfolio focusing on office and retail properties in its core markets in Europe.
Immofinanz added that active portfolio management further includes strategic property sales, which provide the basis for growth.
The group holds roughly 470 properties with a combined value of approximately €8.0 billion.
