ARTICLES LABELLED WITH TAG Immofinanz

News Immofinanz reports strong results in H1 2023
31
Aug
2023

Immofinanz reports strong results in H1 2023

by Property Forum
Immofinanz Group recorded strong growth in both rental income and operating results in the first half of 2023. Rental income rose by nearly 80% year-on-year to €258.9 million and, at €216.8 million, the results of asset management were 97.1% higher than the first half of the previous year. The results of operations and sustainable FFO 1 from the standing investment business more than doubled to €118 million and €140.9 million, respectively.
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News Immofinanz extends mandate of Board Member
20
Jul
2023

Immofinanz extends mandate of Board Member

by Property Forum
Commercial real estate group Immofinanz has extended the appointment of Radka Doehring to the Executive Board for a period of five years. The mandate will run through to April 2027, according to a decision of the company’s Supervisory Board.
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News Immofinanz sells Vienna Twin Towers to S Immo
12
Jul
2023

Immofinanz sells Vienna Twin Towers to S Immo

by Property Forum
Immofinanz has announced the sale of the Twin Towers on Wienerbergstrasse in Vienna to S Immo.
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News Multi Corporation names new European Head of Leasing
05
Jul
2023

Multi Corporation names new European Head of Leasing

by Property Forum
Retail management and development company Multi Corporation has named Andrea Boris Hipeco as European Head of Leasing. He will also take on the Leasing Director role at the company’s newly established French division. 
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News Immofinanz adds new Executive Board member
19
Jun
2023

Immofinanz adds new Executive Board member

by Property Forum
The Supervisory Board of Immofinanz has appointed Pavel Měchura to the Executive Board, effective immediately. The Immofinanz Executive Board will now include two members: Radka Doehring and Pavel Měchura. Also effective 16 June, Radka Doehring has become a member of the Executive Board of S Immo.
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News Immofinanz reports strong results in Q1 2023
26
May
2023

Immofinanz reports strong results in Q1 2023

by Property Forum
Immofinanz Group recorded strong growth in both rental income and operating results for the first quarter of 2023, which was supported primarily by the full consolidation of S Immo and by property acquisitions. Rental income rose by roughly 83% to €128.4 million. The results of operations and sustainable FFO 1 from the standing investment business more than doubled to €82.5 million and €72.5 million, respectively.
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News CPI Property Group's portfolio value reaches €20.9 billion
04
Apr
2023

CPI Property Group's portfolio value reaches €20.9 billion

by Property Forum
In the year 2022, CPI Property Group became one of Europe's largest landlords. The CPIPG portfolio reached €20.9 billion, about €7.8 billion more than the year before due to several consolidations. Consolidated adjusted EBITDA was €608 million, while FFO1 was €355 million.
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News Immofinanz sells Vienna office building to Austrian investor
31
Mar
2023

Immofinanz sells Vienna office building to Austrian investor

by Property Forum
Immofinanz is taking another important step in optimising its portfolio by selling an office property in Vienna. The Bureau am Belvedere building, with nearly 9,000 sqm of space, was sold to an Austrian investor.
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News Immofinanz reports €142 million net profit for 2022
31
Mar
2023

Immofinanz reports €142 million net profit for 2022

by Property Forum
Immofinanz Group delivered very good operating performance in 2022 in spite of the challenging environment. Sustainable FFO 1 from the standing investment business rose by 21.7%. Rental income increased by 5.4% to €300.2 million and the results of asset management by 7.2% to €226.1 million. The Group also has a very solid capital base with an equity ratio of 47.9% and conservative debt with a net LTV of 40.7%.
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News Immofinanz and S Immo explore merger
23
Jan
2023

Immofinanz and S Immo explore merger

by Property Forum
Property groups Immofinanz and S Immo said they are reviewing further alignment, coordination, merger or other forms of integration, with CPI Property Group (CPIPG) as supporting shareholder. 
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Latest news


New leases

  • Hungarian startup Colossyan has leased 1,000 sqm at Academia Offices, in Budapest, at the end of May. The office project was opened six months ago and has already reached an occupancy rate of 80%.
  • PGD Sp. z o.o., a distributor of products for bakeries, confectioneries and ice-cream parlours, has leased approx. 2,000 sqm of production and warehouse space in Waimea Airport Logistics Park Szczecin-Goleniów investment. Axi Immo was the agent representing the tenant in negotiating and selecting a new location.
  • Tetra Pak, a global player in food processing and packaging industry, has leased approximately 1,200 sqm of space in Lakeside in Warsaw. JLL Poland is responsible for the exclusive commercialisation of the building, owned by Atenor.

New appointments

  • Robert Rogowski, former Vice President of the Management Board of Invest TDJ Estate, has been dismissed from his position. Magdalena Sierankiewicz has been appointed in his place.
  • Cushman & Wakefield Echinox appointed Cristina Lupașcu as Head of Marketing. She joined Cushman & Wakefield Echinox in 2021 as Director PR & Research, being responsible for assisting both the PR & Marketing and Research departments. Lupașcu has more than 20 years’ worth of experience in media and real estate.
  • Karolina Kunciak, an expert with experience in retail consultancy, has joined CBRE Poland. She will be responsible for high streets.

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