P R E S S R E L E A S E Warimpex selling share in angelo hotel Munich and adjacent development plot

Vienna/Munich, 9 January 2013 - Warimpex Finanz- und Beteiligungs AG is selling its half share in the angelo hotel Munich and an adjoining development plot to the 50 per cent joint venture partner UBM Realitätenentwicklung AG. The parties agreed that the purchase price would not be disclosed.

"The year 2013 is beginning with the sale of another successfully developed real estate project. This will have a positive effect on our earnings and liquidity, and makes us confident about the new financial year," said Franz Jurkowitsch, CEO of Warimpex.

Warimpex and UBM converted a former office building into the angelo hotel in Munich in a 50:50 joint venture. The four-star design hotel was opened in 2008 and has 146 rooms and suites, a restaurant, a bar and four state-of-the-art conference rooms on a total area of 250 square metres. Thanks to its good location, the hotel is popular with business travellers and tourists. The deal also includes the 50 per cent share in an adjacent development plot that is zoned for commercial use and that has a total area of 7,500 square metres.

Warimpex Finanz- und Beteiligungs AG at a glance

Warimpex Finanz- und Beteiligungs AG is a real estate investment and development company. The firm is headquartered in Vienna and is listed on the stock exchanges in Vienna and Warsaw (WXF). As one of the largest hotel investors in Central and Eastern Europe, Warimpex currently owns, partially owns or operates twenty business and luxury hotels with over 4,650 rooms in total as well as five commercial and office buildings with a total useable area of roughly 43,000 square metres. Over the past twenty-five years, Warimpex has developed properties worth over one billion euros. Warimpex believes in quality and sustainability as the basis for strong future growth.
The firm's top properties include the InterContinental hotel in Warsaw, andel's hotels in Berlin,