EANS-Adhoc: ECO Business-Immobilien AG sells Opernringhof in Vienna for EUR 101 million

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14.06.2010

ECO Business-Immobilien AG sells Opernringhof in Vienna for EUR 101
million

Vienna, 14 June 2010. ECO Business-Immobilien AG (Vienna Stock
Exchange / Prime Market: ECO) announces the upcoming sale of the
Opernringhof (Opernring 1, 3-5) in the first district of Vienna for
EUR 101 million. The object will be sold to an Austrian private
investor for a price significantly above the current carrying value
and nearly 19% over the total investment cost.

This office and commercial property has approx. 17,400 m² of rentable
space (incl. garage) and is located at one of the best sites in
Vienna directly opposite the State Opera House. ECO acquired the
object in 2005 in connection with the Allianz portfolio transaction.
Over the past five years the company has successively improved the
structure and thereby optimised the tenant mix. The current tenants
include numerous airlines, embassies, investment banks and consulting
firms.

A special success story Wolfgang Gössweiner, speaker of the
Management Board of ECO Business-Immobilien AG commented, "This sale
reflects our announced value creation strategy, which calls for the
profitable sale of individual properties. Depending on the market
environment and available opportunities, we will use the equity
generated by this transaction for reinvestment and/or distributions
to our shareholders."

The transaction is scheduled to close during the second quarter of
2010.

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

Further inquiry note:

ECO Business-Immobilien AG

Wolfgang Gössweiner, CFO

Tel.: +43(1)580 88 0

mailto:goessweiner@eco-immo.at

Peter Pechar

Head of Investor Relations

Tel.: +43(1)580 88 35

mailto:pechar@eco-immo.at

Metrum Communications

Roland Mayrl

Tel.: +43(1) 504 69 87-331

mailto:r.mayrl@metrum.at

Branche: Real Estate
ISIN: AT0000617907
WKN: A0D8RY
Index: Prime Market
Börsen: Wien / Regulated free trade