ARTICLES LABELLED WITH TAG Immofinanz

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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News Immofinanz ends 2022 with significant retail portfolio expansion
30
Dec
2022

Immofinanz ends 2022 with significant retail portfolio expansion

by Property Forum
Immofinanz has significantly expanded its retail portfolio in the 2022 financial year. As a result of acquisitions and completions, the portfolio has grown from 111 to 169 locations in ten European countries over the course of the year, with a carrying amount of approximately €2.3 billion (excluding S Immo). Rentable space increased by nearly 30% to approximately 1.36 million sqm.
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News Immofinanz increases shareholding in S Immo to over 50%
20
Dec
2022

Immofinanz increases shareholding in S Immo to over 50%

by Property Forum
Immofinanz is acquiring 17,305,012 shares in S Immo AG from its core shareholder, CPI Property Group, thus obtaining a controlling stake in S Immo of 50% plus one share. The purchase price amounts to €337.5 million or €19.5 per S Immo share. The transaction will be financed through a long-term credit facility provided to Immofinanz by CPIPG. The share purchase agreement was signed on 19 December 2022. The closing of the transaction will take place before the end of 2022. Consequently, Immofinanz will fully consolidate S Immo in the 2022 annual financial statements.
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News Former Immofinanz exec takes over company’s affordable housing concept
25
Nov
2022

Former Immofinanz exec takes over company’s affordable housing concept

by Property Forum
Immofinanz is concentrating on the strategic growth areas of retail properties and myhive office solutions in the current market environment and has sold the rights for joint use of the development concept for sustainable and affordable housing over single-storey buildings to Dietmar Reindl. This innovative residential concept will now be expanded to include implementation by this former Immofinanz Executive Board member under his own flag outside the Immofinanz Group. Immofinanz retains the right to implement the concept on its own properties at any time and remains the owner of the On Top Living brand.
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Latest news


New leases

  • The company PKB Inwest Budowa has announced that the retail chain Lidl Polska will be a tenant of the newly developed Retail Park in Garwolin. The investment will include the construction of 3 buildings with a total area of 11,045 sqm. GLA. One of of them with an area of over 2,100 sqm will be occupied by a Lidl Polska shop.
  • Peek & Cloppenburg has chosen the Szczecin Galaxy shopping centre to make its debut in West Pomerania in Poland. The brand's only shop in this part of the country will be almost two thousand square metres in size.
  • The Enel-med clinic chain is opening two new outlets in Wrocław: 510 sqm in Sagittarius Business House and 1,374 sqm in the Infinity office building.

New appointments

  • Angelika Majkowska has taken up the position of HR director at Apsys Poland. Angelika, who has been with the company since 2013, will be responsible for complex HR policies in an organisation with a structure involving more than 19 teams in various locations.
  • Filip Krstičević is joining iO Partners in Zagreb as Regional Manager, focusing on leasing and land deals across the region. With a strong track record of acquiring land sites and developing residential and commercial properties in both Croatia and Australia, Filip is well placed to support international investors entering the Croatian market.
  • The Management Board of Globe Trade Centre S.A. has announced that on 18th of March, 2024 the company accepted Barbara Sikora's decision to resign from the company's authorities.

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