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Immofinanz sells 30% stake to “MyPlace-SelfStorage“

Imbea Immoeast Beteiligungsverwaltung GmbH, a subsidiary of Immofinanz AG, today sold its 30% stake in “SelfStorage-Dein Lager“ Lagervermietungs GmbH to MyPlace SelfStorage Holding GmbH. The purchase price for this investment amounts to €34 million. The contract was signed today and the closing is scheduled for the end of July 2011."This sale marks a further step in the realisation of our strategy to either sell minority holdings or to develop these investments into majority interests“, explained Eduard Zehetner, Chief Executive Officer of the IMMOFINANZ Group, on the signing of this agreement. “The purchase price is also substantially higher than the carrying amount and the acquisition cost, which again confirms our Group’s abi...[…]