Warimpex Finanz- und Beteiligungs AG

EANS-Adhoc: Warimpex Finanz- und Beteiligungs AG
Warimpex sells andel's hotel in Krakow to DEKA Immobilien

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02.09.2009

Warimpex sells andel's hotel in Krakow to DEKA Immobilien

Krakow/Vienna, 2 September 2009 - Warimpex Finanz- und Beteiligungs AG has  sold its andel's design hotel in Krakow to DEKA Immobilien.   Warimpex  was  the  sole owner of this hotel from February 2008 to the date of the sale, and  will  lease it back under a 15-year fixed lease. According to the  purchase  agreement,  the sale price will not be disclosed. Vienna International Hotelmanagement  AG  will continue to manage the hotel.

The sale of the andel's in Krakow generated a very good return for   the  current market conditions and a net  profit.  The  lease   structure  also  provides  for future profit potential.

The four-star superior andel's hotel in Krakow was opened as  the   first  design hotel in Poland in May 2007. The project was realized as a 50:50  joint  venture of Warimpex and UBM Realitätenentwicklung AG.  The  andel's  boasts  a  central location in the city, close to Krakow's  world-famous  old  town  and  the  rail station, and is highly appreciated for  the  quality  of  its  service  and  its modern design.

The hotel in Krakow follows the  same  success  formula  as  all  of Warimpex' andel's-branded  design  hotels,  with  which  the     company    already    enjoyed considerable success in Prague in 2002. After this sale  and  the  sale  of  the andel's in Prague in 2005, Warimpex still  holds  two  further  hotels  of  this brand in its portfolio with its recently opened  establishments  in  Berlin  and Lodz.

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ots Originaltext: Warimpex Finanz- und Beteiligungs AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Warimpex Finanz- und Beteiligungs AG
Phone: +43 1 310 55 00
Christoph Salzer
mailto:presse@warimpex.com
Daniel Folian, mailto:investor.relations@warimpex.com
www.warimpex.com

Branche: Real Estate
ISIN:      AT0000827209
WKN:        
Index:    ATX Prime
Börsen:  Wien / official market



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