ARTICLES LABELLED WITH TAG Immofinanz

News Immofinanz sells office properties in Warsaw
13
Jun
2024

Immofinanz sells office properties in Warsaw

by Property Forum
Immofinanz has completed the sale of three office buildings in Warsaw to Echo Investment Group. The transaction price amounts to €28.5 million.
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News Immofinanz records 11.5% rental growth in Q1 2024
28
May
2024

Immofinanz records 11.5% rental growth in Q1 2024

by Property Forum
Immofinanz Group generated sound growth in rental income and earnings in the first quarter of 2024. Rental income rose by 11.5% year-on-year to €143.2 million. After an adjustment for new acquisitions, completions and sales, the like-for-like rental income recorded by Immofinanz (excluding S Immo) rose by 6.4%. The results of asset management increased by 14.3% over the previous year to €120.0 million and the results of operations improved by a strong 26.4% to €104.3 million. FFO 1 after tax was 23.5% higher at €69.7 million (Q1 2023: €56.4 million).
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News Immofinanz starts preparations for squeeze-out of S Immo
24
May
2024

Immofinanz starts preparations for squeeze-out of S Immo

by Property Forum
The Supervisory Board of Immofinanz has approved the commencement of preparations for a squeeze-out of S Immo in accordance with the Austrian Squeeze-out Act. In the course of the squeeze-out, shares in S Immo held by minority shareholders shall be transferred to Immofinanz as the main shareholder in exchange for appropriate cash compensation.
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News Immofinanz reports negative net profit for 2023
28
Mar
2024

Immofinanz reports negative net profit for 2023

by Property Forum
Immofinanz Group generated strong growth in rental income during the 2023 financial year. This development was based primarily on the full consolidation of S Immo, the purchase of retail properties, and solid growth in like-for-like rental income. However, due to revaluation effects, the company recorded a decline in net profit to €-229.5 million in 2023.
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News Immofinanz sells office properties in Vienna
18
Mar
2024

Immofinanz sells office properties in Vienna

by Property Forum
Immofinanz is taking another step in optimising its portfolio by selling two office properties in Vienna. The properties in the 20th district of Vienna have been sold to an Austrian real estate investor. This sale follows several others executed by CPI Property Group, Immofinanz' majority owner, in a bid to raise cash for repaying debts.
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News Immofinanz sells office asset in Zagreb
08
Feb
2024

Immofinanz sells office asset in Zagreb

by Property Forum
Immofinanz has successfully closed the sale of the Grand Center Zagreb office property to a Croatian real estate company. This transaction represents a further step in the optimisation of the portfolio.
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News Immofinanz explores partial sale of Bucharest office complex
05
Feb
2024

Immofinanz explores partial sale of Bucharest office complex

by Property Forum
Immofinanz Romania, part of CPI Property Group (CPIPG), is reportedly negotiating a partial sale of its Iride Business Park office complex located in northern Bucharest.
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News CPIPG hands over two Czech retail assets to Immofinanz
21
Dec
2023

CPIPG hands over two Czech retail assets to Immofinanz

by Property Forum
After an acquisition of complementary retail assets this year, Immofinanz is again expanding its retail portfolio in the Czech Republic with the acquisition of two properties from CPI Property Group. As the CPIPG holds roughly 77% of Immofinanz shares, this acquisition legally represents a transaction with related parties.
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News Immofinanz reports 79% rise in rental income
29
Nov
2023

Immofinanz reports 79% rise in rental income

by Property Forum
Immofinanz Group recorded strong growth in both rental income and operating results in the first three quarters of 2023 due to acquisitions, the full consolidation of S Immo and successful asset management. Rental income rose by 79.4% year-on-year to €389.2 million; the results of asset management, at €323.7 million, were even 92.2% higher than in the previous year. The results of operations increased to €209.1 million and sustainable FFO 1 from the standing investment business more than doubled to €214.4 million.
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News CPIPG reports rising rental income for H1 2023
01
Sep
2023

CPIPG reports rising rental income for H1 2023

by Property Forum
According to CPI Property Group's financial results for H1 2023, the group's rental income continues to rise, even as it works on its disposal and deleveraging plans. The group's CEO expects a similar trend for the rest of the year.
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Latest news


New leases

  • ATEM-Polska and a freight forwarding company in the road transportation industry have chosen Gdynia's 3T Office Park office building to locate their branches. They occupy the entire third floor in tower A with a total area of 1,245 sqm.
  • ArchiDoc, a company offering services in the areas of business process digitization BPO, document management and back-office services, has expanded its leased space in the Hillwood Janki Sokołów warehouse centre by 2.9 thousand square meters to 12.6 thousand square meters.
  • Clothing brand Naree is opening its store in Bonarka shopping centre. This is the second store of the Polish brand in Kraków. It occupies an area of 127 sqm.

New appointments

  • Anna Staniszewska has taken the position of Associate Director in the strategic consulting team at CBRE. She has many years of experience in real estate development consulting and analysis of all sectors of the property market in Poland.
  • The Management Board of Answear.com notified that on July 16, 2024, the Supervisory Board elected Wojciech Chabasiewicz as chairman and Arkadiusz Bajołek as vice-chairman of the Supervisory Board.
  • The Board of Directors of Unibep S.A. announced that on July 17, 2024, the company's Supervisory Board passed a resolution to appoint Marcin Hutyra as vice chairman of the company's Management Board for the current seventh joint term, effective July 18, 2024.

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