S IMMO AG (WBAG:SPI) signed a letter of intent to acquire Hungarian office Porfolio from IMMOFINANZ AG (WBAG:IIA) on September 28, 2022. This transaction is taking place through close cooperation within the CPI Property Group to realise synergy effects and can be used to extend IMMOFINANZ?s successful and flexible myhive office solutions to the entire group. The transaction is expected to close by the end of 2022.

S IMMO AG (WBAG:SPI) completed the acquisition of Hungarian office Porfolio from IMMOFINANZ AG (WBAG:IIA) for approximately ?240 million on December 29, 2022.