PropertyEU

Immofinanz sells assets for EUR 130 mln

By A staff reporter 2008-12-09T00:00:00

Struggling real estate group Immofinanz has sold assets in its native Austria for EUR 130 mln to shore up its badly squeezed financial situation. The firm has to sell properties to meet the need to raise more than EUR 100 mln by the end of the year.

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