ARTICLES LABELLED WITH TAG Immofinanz

28
Mar
2018

Immofinanz rejects Starwood’s bid

by Property Forum
Last week an affiliate of U.S. private equity firm Starwood Capital Group (SOF-11 Starlight 10 EUR) announced that it intends to make a voluntary partial public takeover offer for the acquisition of up to 5% in Immofinanz. The Executive Board of Immofinanz determined that the offer price is too low.
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27
Mar
2018

Immofinanz sells Brno Busuiness Park

by Property Forum
Immofinanz has sold the Brno Business Park office buildings via a share deal to Infond investment fund. The transaction was closed on March 9, 2018. bpv Braun Partners advised Immofinanz on the sale. Infond has been advised by Hladky Legal, Knight Frank and Redbaenk.
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23
Mar
2018

Starwood seeks stakes in Immofinanz and CA Immo

by Property Forum
An affiliate of U.S. private equity firm Starwood Capital Group (SOF-11 Starlight 10 EUR) announced the launch of a voluntary partial public takeover offer for approximately 26% of CA Immo and 5% of Immofinanz shares.
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28
Feb
2018

Immofinanz and CA IMMO halt merger

by Property Forum
The Supervisory Board and Executive Board of Immofinanz AG 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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22
Feb
2018

Sorin Visoianu leaves Immofinanz management

by Property Forum
Sorin Visoianu, Country Manager of Operations for Romania and Bulgaria at Immofinanz has left this position after eight years with the company, zf.ro reports.
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28
Dec
2017

Immofinanz secures financing for Warsaw office portfolio

by Property Forum
Berlin Hyp and Erste Group Bank have jointly provided Immofinanz a five year secured loan in the amount of €205 million. The syndicate is providing Immofinanz a “one stop” portfolio-refinancing for their office portfolio in Warsaw and is thus replacing seven existing, individual real estate loans. Agent for this transaction is Berlin Hyp.
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20
Dec
2017

Immofinanz reaches refinancing volume of €1.6 billion in FY 2017

by Property Forum
Immofinanz refinanced approximately €1.6 billion of financial liabilities during the 2017 financial year. This volume represents roughly 60% of the group’s financial liabilities as of 30 September 2017 and covers extensions as well as new borrowings. The transactions will reduce future interest expense by roughly €18.3 million per year.
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29
Nov
2017

Immofinanz posts increase in net profit

by Property Forum
Immofinanz posted a significant increase in net profit from continuing operations (excl. Russia) for the first three quarters of 2017, to €116.3 million (Q1-Q3 2016: €-217.8 million). Rental income remained stable at €174.1 million despite the ongoing sale of non-strategic properties (Q1-Q3 2016: €174.0 million). Adjusted for new acquisitions, completions and sales (like-for-like), rental income rose significantly, by 3.9% to €138.4 million. The results from Asset Management grew 11.3% to €122.6 million; financial results moved strongly into positive territory at €88.6 million (Q1-Q3 2016: €-143.9 million). This was primarily a result of positive valuation effects from the CA Immo and BUWOG shareholdings, and lower financing costs. Overall, net profit (incl. Russia) improved to €-59.1 million (Q1-Q3 2016: €-409.5 million).
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03
Nov
2017

Immofinanz sells two land plots in Bucharest

by Property Forum
Immofinanz started selling land plots from the portfolio of Adama, a residential developer part of the Immofinanz Group. Two land plots located in the Bucharest area have already been sold, while the transaction for another piece of land is set to be finalised in November. The three assets have a total surface area of almost 36,000 sqm. The parties have agreed not to disclose further details.
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02
Oct
2017

Immofinanz expands its Vivo! portfolio

by Property Forum
Immofinanz has completed and opened a further shopping centre under its Vivo! retail brand in the Polish city of Krosno. Vivo! Krosno has approx. 21,000 sqm of rentable space and is fully occupied. This shopping centre expands Immofinanz‘s Vivo! portfolio to ten locations in four countries with more than 314,000 sqm of rentable space.
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Latest news


New leases

  • 108 Agency has mediated a lease of 7,700 sqm for the company DSV Solutions in Prologis Park Prague-Airport. DSV Solutions provides and manages supply chain solutions.
  • TECH LIGHT, a manufacturer and designer of LED lighting profiles, has relocated to Panattoni A2 Warsaw East Park, situated next to Stary Konik junction near Warsaw. The tenant moved into 1,200 sqm of warehouse and office space already in August. AXI IMMO provided comprehensive advisory services for TECH LIGHT.
  • Eli Lilly has extended its office lease of 900 sqm in Bucharest Business Park. The pharmaceutical company has been a tenant in the project since 2006. The office complex is owned by CA Immo. Real estate consultancy CBRE worked on the lease extension.

New appointments

  • From mid-October this year, Kornél Kalapács is taking up the position of Managing Director of Codic Hungary, the company announced. With around 30 years of experience in real estate development and construction, he will strengthen Codic's Hungarian subsidiary, which will hand over the Green Court Office A building under his management next month.
  • Mateusz Gołembiewski will head up JLL's HR organisation in the CEE and Russia region. He has 15 years of experience in developing company strategies and operations in this field, and will lead the HR teams in Poland, the Czech Republic, Romania, Slovakia, Hungary and Russia.
  • The Urban Land Institute (ULI) has announced the appointment of Søren Rodian Olsen, managing director of Logicenters at NREP as chair of ULI Poland. He succeeds Dorota Wysokińska-Kuzdra, senior partner at Colliers, and officially began his voluntary two-year term on 1 October 2021.


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