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Immofinanz closes Silesia sale

September 13, 2013 Katowice the City 0

Immofinanz Group closed the sale of Silesia City Center for EUR 412 million to an international consortium of investors led by Allianz with the involvement of Asian partners. The sale price exceeded the book value, as it had been previously reported.

„Cycle-optimised sales like the Silesia City Center generate the liquidity for investments in new properties and again confirm our valuation approach in Eastern Europe.

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UOKiK agreed for EUR 412 deal in Katowice

July 17, 2013 Katowice the City 0

An international investor consortium led by Allianz has been given a green light from the Office of Competition and Consumer Protection (UOKiK) to purchase the fifth biggest shopping mall in Poland – Silesia City Center.

The conditional contract between the consortium and the present owner Immofinanz Group was signed in May this year. The transaction was subject to suspensive conditions including the agreement of UOKiK.