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Articles - Immofinanz

Immofinanz financial result

11/29/18

Results of the Q1-3 2018 in HUNGARY as of 30 September 2018

IMMOFINANZ expands STOP SHOP portfolio to 80 locations with eight new acquisitions

11/14/18

IMMOFINANZ is driving the expansion of its successful STOP SHOP retail park brand and has now purchased eight retail parks in Slovenia, Serbia and Croatia. The purchase price totals approximately EUR 90.5 million. The newly acquired properties are fully rented and generate annual rental income of roughly EUR 7.2 million, which represents a gross return of 8.0%

IMMOFINANZ rents more than 14,000 sqm of office space in Budapest

8/1/18

IMMOFINANZ, one of the leading players in the Hungarian office market, has signed various lease agreements in the first half of 2018 accounting for more than 14,000 sqm of its Hungarian portfolio. This is equivalent to 9% of its current overall leasable office space in Budapest. Of this figure, new and expanded leases sum up to 5,800 sqm and prolongations account for more than 9,000 sqm.

IMMOFINANZ with strong operating development in the first quarter of 2018 – cost savings take effect

5/30/18

Results of operations double to EUR 35.5 million

IMMOFINANZ opens two further retail parks – STOP SHOP portfolio now totals 72 locations

4/26/18

IMMOFINANZ has opened two further retail parks in its STOP SHOP brand. The STOP SHOP portfolio has now grown to 72 locations with roughly 500,000 sqm of rentable space in eight countries. The new properties are located in the Serbian cities of Požarevac (7,200 sqm) and Vršac (8,250 sqm). Both locations are 100% rented. The tenants include, among others, LC Waikiki, Reserved, Sinsay, CCC, Deichmann and DM.

IMMOFINANZ: net profit from continuing operations turns strongly positive at EUR 181 million – dividend recommendation raised to 7 cents per share

4/5/18

• Growth of 4.5% in like-for-like rental income • Increase of 44.4% in results of operations to EUR 107.6 million • Improvement of 34.0% in FFO 1 to EUR 71.4 million

IMMOFINANZ: more than 120 million visitors in the VIVO! and STOP SHOP retail properties during 2017

3/28/18

More than 120 million customers visited IMMOFINANZ’s retail properties in 2017. These properties are branded as STOP SHOP and VIVO! and have roughly 800,000 sqm of rentable space in total.

IMMOFINANZ: Discussions on the merger with CA Immo remain suspended for the time being – other strategic options are under evaluation, including the sale of the CA Immo shares

2/28/18

The Supervisory Board and Executive Board of IMMOFINANZ AG today decided to continue the suspension of detailed discussions over a possible merger between CA Immobilien Anlagen AG (CA Immo) and IMMOFINANZ for the time being and to also evaluate other strategic options.

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