Immofinanz and its subsidiary Immoeast will safeguard liquidity in the current market climate by selling off portfolio assets and sharply reducing the number of development projects, the companies' new board spokesman Thomas Kleibl said on Monday. In addition, the companies will evaluate the advantages of a merger between Immofinanz and Immoeast. 'Should the evaluation come out in favour of a merger with respect to the interests of the respective shareholders and companies, we will pursue this option,' Kleibl said.
Premium subscriber content – please log in to read more or take a free trial.
