euro adhoc: Sparkassen Immobilien AG / other / OMV to remain Sparkassen Immobilien AG's largest tenant

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
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09.03.2009

Sparkassen Immobilien AG acquires OMV AG's new head office and sells
OMV's existing premises on Otto-Wagner-Platz

Stock exchange listed Sparkassen Immobilien AG (Bloomberg: SPI.AV,
Reuters: SIAG.VI) has acquired OMV AG's new head office, developed by
IC Projektentwicklung, as well as the Hotel Courtyard Marriott, which
is located on the same site. Sparkassen Immobilien AG has expanded
its portfolio with an outstanding property benefiting from a strong,
sustainable tenant with an excellent reputation.

The new corporate head office of OMV AG, one the largest listed
industrial companies in Austria, and Central Europe's leading oil and
gas group, is on the VIERTEL ZWEI site, located between Krieau and
the Exhibition Centre. The site is situated in one of Vienna's most
promising office locations and benefits from immediate access to the
U2 underground line as well as convenient access to the Handelskai
and the motorways A4, A22 and A23. The project, with a total of
47,000 m2 of lettable space, was completed in January 2009 and won
the DIVA Award in 2008. OMV AG has already taken over its new
corporate head office, and will transfer its operations and employees
over the coming months.

At the same time, Sparkassen Immobilien AG has acquired the Hotel
Courtyard Marriott, a four-star hotel located on the same site, with
251 rooms and suites. The hotel benefits from its proximity to
surrounding office buildings as well as the Vienna Exhibition Centre.

In parallel to the purchase of the new OMV head office, agreement was
reached for the completion of the sale of the current OMV head office
to BLM-IG Bauträger GmbH in the first half of 2009. The building is
located at Otto- Wagner-Platz 5 in Vienna's Ninth District, close to
the Altes AKH university campus and the Austrian National Bank
complex.

Details of the transactions, including purchase prices, were not
disclosed.

Management Board member Ernst Vejdovszky summarises the latest
transactions: "We retain the well reputed tenant OMV on a long-term
basis, in a new, outstanding and top quality property, and by selling
the old OMV head office are avoiding the resulting vacancy. This is
absolutely in line with our conservative strategy - creation of
long-term, stable values for our shareholders."

end of announcement euro adhoc
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ots Originaltext: Sparkassen Immobilien AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Investor Relations:

Rebecca Reichmann

Tel.: +43(0)50100-27402

Fax: +43(0)05100-927402

mailto:rebecca.reichmann@s-immoag.at

wwww.sparkassenimmobilienag.at

Corporate Communications:

Bosko Skoko

Tel.: +43(0)50100-27522

Fax: +43(0)05100-927522

mailto:bosko.skoko@s-immoag.at

wwww.sparkassenimmobilienag.at

Branche: Real Estate
ISIN: AT0000652250
WKN: 065225
Index: ATX Prime, Immobilien-ATX
Börsen: Wiener Börse AG / official market