PropertyEU

Sparkassen divests stakes in Vienna department stores

By A staff reporter 2007-08-01T00:00:00

Austrian-listed property company Sparkassen Immobilien has divested its 75% stake in Vienna department store Steffl to Hans Schmid Private Trust, the owner of the other 25%. Both sides agreed not to disclose the financial details. Steffl provides 12,500 m[sup]2[/sup] of retail space, plus a further 1,400 m[sup]2[/sup] of restaurants and ...

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