IMMOFINANZ


Associated tags: VIVO, ATX, Adriatic Sea

Locations: FAVORITEN, ZAGREB, ÖSTERREICH, SLOVAKIA, POLAND, CROATIA, AUSTRIA, EUROPE, HUNGARY, CZECH REPUBLIC, GERMANY, ROMANIA, ÖSTERREICH, WIEN, KROATIEN, EUROPA, DEUTSCHLAND, POLEN, TSCHECHIEN, SLOWAKEI, UNGARN, WARSCHAU

EQS-News: IMMOFINANZ sells office properties in Vienna

Retrieved on: 
Wednesday, April 10, 2024

IMMOFINANZ is taking another step in optimising its portfolio by selling two office properties in Vienna.

Key Points: 
  • 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 successfully sold to an Austrian real estate investor.
  • The two office properties in Dresdnerstraße in Vienna’s 20th district offer modern and flexible offices with approximately 13,000 sqm of usable space in the northern business district of Vienna.
  • The core business covers the management and development of properties, whereby IMMOFINANZ relies on its established real estate brands – STOP SHOP (retail), VIVO!

EQS-News: IMMOFINANZ 2023 with strong operating performance

Retrieved on: 
Wednesday, April 10, 2024

IMMOFINANZ Group generated strong growth in rental income and operating results during the 2023 financial year.

Key Points: 
  • IMMOFINANZ Group generated strong growth in rental income and operating results during the 2023 financial year.
  • “We achieved above-average operating results in 2023 in spite of the difficult macroeconomic environment.
  • This performance underscores the success of our strategy to invest in higher-yielding properties to strengthen our earning power“, explained Radka Doehring, Member of the Executive Board of IMMOFINANZ.
  • Revaluations (including development projects and property sales) totalled EUR -376.8 million in 2023, compared with EUR -105.7 million in the previous year.

EQS-News: IMMOFINANZ sells office property in Zagreb

Retrieved on: 
Thursday, February 8, 2024

IMMOFINANZ has successfully closed the sale of the Grand Center Zagreb office property to a Croatian real estate company.

Key Points: 
  • IMMOFINANZ has successfully closed the sale of the Grand Center Zagreb office property to a Croatian real estate company.
  • “The sale of this office property in Zagreb shows that we are also making very good progress in the optimisation of our portfolio in the current market environment.
  • The Grand Center Zagreb is a modern, high-quality office building with an unmistakable architectonic design and a distinctive, unique appearance.
  • The core business covers the management and development of properties, whereby IMMOFINANZ relies on its established real estate brands – STOP SHOP (retail), VIVO!

EQS-News: IMMOFINANZ delivers strong operating performance in Q1–3 2023

Retrieved on: 
Tuesday, December 26, 2023

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.

Key Points: 
  • 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.
  • “The results show that we are in a resilient position and are operating successfully with our strategy.
  • At the same time, IMMOFINANZ Group also recorded market-related property write-downs of EUR -219.5 million, which were primarily related to low-yielding properties.
  • Based on the results for the first three quarters of 2023, IMMOFINANZ Group expects FFO 1 from the standing investment business (before tax) to exceed EUR 275 million for the full year 2023.