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Sparkassen Immobilien AG

EANS-Adhoc: Sparkassen Immobilien AG opens second part of Gemini office building in Prague

  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.
22.04.2009
- Investment worth EUR 68 million now completed - Advance lease 
agreements for 96 per cent of phase one and 77 per cent of phase two
Sparkassen Immobilien AG (Bloomberg: SPI.AV, Reuters: SIAG.VI) opened
the second phase of its Gemini office and commercial complex in 
Pankrác, Prague´s fourth district.
The office complex comprises two towers with a total of 38,600 square
metres of modern office and retail space and 430 parking spaces in 
underground parking garages. The complex is at a particularly 
advantageous location in the city, close to the C metro line and only
four stops from Wenceslas Square. The D1 motorway, which runs from 
Prague over Brno to Olomouc, can also be accessed conveniently from 
the complex. IMMORENT AG, a 100 per cent real estate subsidiary of 
Erste Group, was a development partner in the project and completed 
the construction work on schedule at the end of 2008.
In total, EUR 68 million was invested in the project. With the Gemini
complex, Sparkassen Immobilien AG´s Czech portfolio has grown to a 
total value of EUR 142 million (including properties under 
construction).
96 per cent of the first phase and 77 percent of the second phase 
have already either been leased or advance lease agreements 
concluded. Existing tenants include national and international firms 
such as Unipetrol, Volksbank, Barclays, Agro Bohemia and Ceska 
Sporitelna.
end of announcement                               euro adhoc

Further inquiry note:

Investor Relations:
Rebecca Reichmann
Tel.: +43(0)50100-27402
Fax: +43(0)05100-927402
mailto:rebecca.reichmann@s-immoag.at
wwww.sparkassenimmobilienag.at

Corporate Communications:
Bosko Skoko
Tel.: +43(0)50100-27522
Fax: +43(0)05100-927522
mailto:bosko.skoko@s-immoag.at
wwww.sparkassenimmobilienag.at

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

Plus de actualités: Sparkassen Immobilien AG
Plus de actualités: Sparkassen Immobilien AG