EANS-Adhoc: Sparkassen Immobilien AG opens second part of Gemini office building in Prague

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22.04.2009

- Investment worth EUR 68 million now completed - Advance lease
agreements for 96 per cent of phase one and 77 per cent of phase two

Sparkassen Immobilien AG (Bloomberg: SPI.AV, Reuters: SIAG.VI) opened
the second phase of its Gemini office and commercial complex in
Pankrác, Prague´s fourth district.

The office complex comprises two towers with a total of 38,600 square
metres of modern office and retail space and 430 parking spaces in
underground parking garages. The complex is at a particularly
advantageous location in the city, close to the C metro line and only
four stops from Wenceslas Square. The D1 motorway, which runs from
Prague over Brno to Olomouc, can also be accessed conveniently from
the complex. IMMORENT AG, a 100 per cent real estate subsidiary of
Erste Group, was a development partner in the project and completed
the construction work on schedule at the end of 2008.

In total, EUR 68 million was invested in the project. With the Gemini
complex, Sparkassen Immobilien AG´s Czech portfolio has grown to a
total value of EUR 142 million (including properties under
construction).

96 per cent of the first phase and 77 percent of the second phase
have already either been leased or advance lease agreements
concluded. Existing tenants include national and international firms
such as Unipetrol, Volksbank, Barclays, Agro Bohemia and Ceska
Sporitelna.

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