ARTICLES LABELLED WITH TAG Immofinanz

News Immofinanz to sell Hungarian office portfolio to S Immo
28
Sep
2022

Immofinanz to sell Hungarian office portfolio to S Immo

by Property Forum
Immofinanz has signed a letter of intent for the sale of its Hungarian office properties to S Immo. This transaction is taking place through close cooperation within the CPI Property Group to realise synergy effects and can be used to extend Immofinanz’s myhive office solutions to the entire group. The Hungarian portfolio includes six buildings in Budapest with roughly 124,000 sqm of rentable space. The closing of the transaction could take place before the end of 2022.
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News Immofinananz opens Stop Shop in Zielona Góra
28
Sep
2022

Immofinananz opens Stop Shop in Zielona Góra

by Property Forum
Immofinanz has opened its eleventh Stop Shop strip mall in Poland. It is located in Zielona Góra, close to the German border.
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News Magdalena Kowalewska joins CPIPG Polska as COO
28
Sep
2022

Magdalena Kowalewska joins CPIPG Polska as COO

by Property Forum
Magdalena Kowalewska joined CPI Property Group (CPIPG) Polska, taking the position of Chief Operations Officer.
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News Immofinanz acquires €324 million retail portfolio from CPIPG
19
Sep
2022

Immofinanz acquires €324 million retail portfolio from CPIPG

by Property Forum
As part of its value-creating growth strategy with a focus on high-return properties, Immofinanz is acquiring 53 retail properties in the Czech Republic, Poland, Slovakia and Hungary from its majority shareholder CPI Property Group (CPIPG). The acquired portfolio has roughly 217,000 sqm of rentable space and is fully let with an occupancy rate of 99%. The purchase price totals €324.2 million. The purchase contract was signed today, together with the closing for 36 retail properties in the Czech Republic and Poland which have 108,000 sqm of rentable space. The purchase price of €191 million for those properties was financed from existing funds. The closing for the remaining 17 properties in Hungary and Slovakia is expected to take place by the end of this year.
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News Immofinanz sells Prague office building to Passerinvest Group
06
Sep
2022

Immofinanz sells Prague office building to Passerinvest Group

by Property Forum
Immofinanz has successfully closed the sale of the BBC Gamma office building in Prague to Passerinvest Group. The transaction was concluded at a premium to the book value as of 30 June 2022, the seller announced.
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News CPIPG increases portfolio value to €20.9 billion
01
Sep
2022

CPIPG increases portfolio value to €20.9 billion

by Property Forum
CPI Property Group's real estate portfolio increased to €20.9 billion in the first half of 2022. It was the result of two large acquisitions of Immofinanz and S Immo and therefore also the net rental income reached the level of €263 million and net business income went up to €276 million, CPIPG reported in the latest press release on half-year financial results for 2022.
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News Immofinanz’s net profit reaches €163 million in H1 2022
25
Aug
2022

Immofinanz’s net profit reaches €163 million in H1 2022

by Property Forum
In H1 2022, Immofinanz's rental income reached a high level of €144.2 million, the results of asset management improved by 3.0% to €110.0 million, and sustainable FFO 1 from the standing investment business rose by 6.1% to €78.7 million. Net profit equalled €162.7 million, whereby the first half of the previous year was influenced, above all, by a substantial revaluation of the investment in S Immo. With an equity ratio of 57.3% and conservative debt with a net LTV of 32.5%, Immofinanz has a strong capital base.
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News CPI Property Group to provide asset management services to Immofinanz
28
Jul
2022

CPI Property Group to provide asset management services to Immofinanz

by Property Forum
Following the majority takeover of Immofinanz by CPI Property Group (CPIPG), resulting in the shareholding of app. 77%, Immofinanz announced an update strategy, including close cooperation with CPIPG and the related synergy effects. CPIPG and Immofinanz now agreed that CPIPG will provide asset management services to local Immofinanz companies.
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News Immofinanz signs 25-year office lease deal in Bucharest
04
Jul
2022

Immofinanz signs 25-year office lease deal in Bucharest

by Property Forum
Property group Immofinanz has signed a 25-year lease for 6,500 sqm in Bucharest-based myhive Victoria Park to Leventer Medical Group. The leased area will host Leventer Hospital, the country's first private dermatology and surgical oncology hospital that will open in 2024 following an investment of around €10 million. 
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News Immofinanz to sell assets worth €1 billion in line with new strategy
24
Jun
2022

Immofinanz to sell assets worth €1 billion in line with new strategy

by Property Forum
Immofinanz is presenting an updated strategy following the majority takeover by CPI Property Group. The company plans to continue its value-creating growth strategy with a strong focus on retail properties and office solutions. As part of an active portfolio management, properties with a value of approximately €1 billion will be sold and the proceeds invested in higher-yielding assets. The successful course of the company will be continued on Immofinanz’s robust financial base together with the strengthening of ESG activities. Immofinanz will benefit in pursuing this strategy from close cooperation with the CPI Property Group and the related synergy effects.
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Latest news


New leases

  • On 12th October, a new service office will open in the historic Stary Dworzec building in Katowice. The Cluster Stary Dworzec spaces will occupy 2,000 sqm of space.
  • A supermarket chain Dealz has joined the tenants of Galeria Bemowo in Warsaw. The new tenant occupies a unit of approximately 480 sq m, on the ground floor of the shopping centre.
  • Polish interior design brand Dekoria has concluded a lease agreement for premises at Homepark Janki near Warsaw. The space occupied by the company is 133 sqm.

New appointments

  • Rafał Bochenek has been appointed to the position of Associate Director, Land Acquisition Manager at the Polish branch of Savills. He will work closely with the firm’s industrial agency and investment advisory team to strengthen its Industrial Services Hub, which delivers services to tenants, investors and developers of logistics properties
  • Robert Skládal joins Cushman & Wakefield as a partner in the retail leasing team and will lead the team focused on shopping centres.
  • JLL in Prague announces the appointment of Milan Kilik as its new Head of Office Agency for the Czech Republic as of beginning of October 2022.


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