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11.08.2008

Bank Austria sells properties in Vienna's city centre to Signa Holding

  • Vordere Zollamtsstrasse and Am Hof properties to be sold to Signa as a package
  • Austrian investor René Benko offers the best overall package

Bank Austria and Signa Holding announce that they have reached agreement – and signed a preliminary contract – on the sale of the two Bank Austria properties at Am Hof and in Vordere Zollamtsstrasse.

"Mr Benko has made the best offer in the international bidding process. As an investor, he comes closest to meeting our intentions and therefore we have decided to sell the properties to him. In addition to an adequate purchase price, we have always attached importance to the buyer of the two properties presenting a plan that should be convincing and attractive for Vienna", said Robert Zadrazil, Chief Operating Officer of Bank Austria, when the decision was announced.

René Benko, managing director of SIGNA Holding, is pleased with Bank Austria's decision, "The acquisition of the BAWAG portfolio at the end of 2007 was a big success for our group of companies. And now I am delighted with Bank Austria's decision to sell Länderbank's former head office building at Am Hof to my group of companies. This decision is a great opportunity for me as a businessman and also for the development of the city centre in Vienna."

Both parties have agreed not to disclose any details of the purchase price and any contract details.

Am Hof 2: The former head office building of Österreichische Länderbank is located in one of the most attractive squares in Vienna's city centre. The property measures 4,054 m², the building has a total floor space of about 21,720 m² and was completely renovated in 1995. The building is classified as a historical monument.

Vordere Zollamtsstrasse 13: The former head office building of Bank Austria, originally designed by the architects Arthur Perotti and Anton Potyka as the new head office of Zentralsparkasse der Gemeinde Wien, a savings bank, replaced the Wiener Bürgertheater in 1965 and was redesigned in 1992. On an area of 2,345 m², the building's total floor space is about 23,100 m², with underground parking for 78 cars.

Enquiries: Bank Austria Communications Austria
 Martin Halama, tel. +43 (0) 50505 - 52371
 e-mail: martin.halama@unicreditgroup.at

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