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12.11.2009 – 07:54

Sparkassen Immobilien AG

EANS-Adhoc: Sparkassen Immobilien AG
sale of Gemini office building in Prague to Deka Immobilien

--------------------------------------------------------------------------------   ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide   distribution. The issuer is solely responsible for the content of this   announcement. --------------------------------------------------------------------------------


Ad hoc information                            Vienna, 12 November 2009

Sparkassen Immobilien AG: sale of Gemini office building in Prague to Deka Immobilien

Stock exchange listed Sparkassen Immobilien AG (Bloomberg: SPI:AV, Reuters: SIAG.VI) has announced the sale of Gemini - a commercial and office building in Prague´s Fourth District, Pankrác - to Deka Immobilien GmbH.

The building, which was completed last year, is a modern property with approximately 40,000 m² of lettable space and an underground garage with 430 parking spaces. It is situated close the centre of Prague in one of the best established office property locations in the Czech Republic´s capital.

Gemini is currently let to 29 Czech and international companies - the three largest of which are Hill´s Pet, Unipetrol and Novartis. The property has been bought by Deka Immobilien GmbH for Deka-Immobilien Europa, a public investment fund with a portfolio valued at more than EUR 10 billion. On full occupancy the purchase price amounts to some EUR 110 million.

end of announcement                                                 euro adhoc

ots Originaltext: Sparkassen Immobilien AG
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Further inquiry note:
Investor Relations:
Rebecca Reichmann
Tel.: +43(0)50100-27402
Fax:  +43(0)05100-927402

Corporate Communications:
Bosko Skoko
Tel.: +43(0)50100-27522
Fax:  +43(0)05100-927522

Branche: Real Estate
ISIN:      AT0000652250
WKN:        065225
Index:    ATX Prime, Immobilien-ATX
Börsen:  Wien / official market