Name of company
IMMOFINANZ
Name of President or Managing Director for the region
Oliver Schumy
Regions active in (in which countries the company operates)
IMMOFINANZ activities are focused on the retail and office segments of eight core markets in Europe
Portfolio
The company has a real estate portfolio of approx. EUR 5.4 billion that covers more than 360 properties.
Standing investments represent the largest component at EUR 4,598.7 million or 85.1% of the total carrying amount and approx. 2.2 million sqm of rentable space. These properties generate steady rental income and are allocated to the Asset Management sector. Active development projects comprise EUR 422.8 million or 7.8% of the carrying amount and real estate inventories EUR 107.7 million or 2.0%. A carrying amount of EUR 275.9 million or 5.1% is attributable to pipeline projects, which include future planned development projects and undeveloped land.
Office projects included in the portfolio
IMMOFINANZ has a total of 72 office standing investments totaled EUR 2,163.4 million as of 31 July 2016. It represents 47.0% of the total standing investment portfolio. A regional analysis shows the focal points of these properties in the core markets of Austria (EUR 816.2 million), Poland (EUR 366.1 million) and Romania (EUR 326.3 million). The office standing investments have 1,053,531 sqm of rentable space.
The ten largest standing investments in the office portfolio based on the carrying amount (in declining order) are: the Business Park Vienna, Vienna Twin Tower and City Tower Vienna (Vienna), IRIDE incl. IRIDE 19 (Bucharest), BB Centrum Gamma (Prague), S-Park (Bucharest), Park Postępu (Warsaw), Atrium Park (Budapest), IO-1 (Warsaw) and Haller Gardens (Budapest)
The value of office properties held by investor (in EUR)
Office standing investments values EUR 2,163.4 million as of 31 July 2016.
Retail projects included in the portfolio
IMMOFINANZ has a carrying amount of 165 standing investments in the retail sector totaled EUR 2,420.6 million as of 31 July 2016 and represents 52.6% of the total standing investment portfolio. The largest regional markets are Russia with EUR 1,152.2 million, Romania with EUR 301.1 million and Poland with EUR 222.9 million.
The retail standing investments have 1,123,773 sqm of rentable space. The ten largest standing investments in the retail portfolio based on the carrying amount (in declining order) are: the Golden Babylon Rostokino (Moscow), Polus Center Cluj (Cluj-Napoca, Romania), GOODZONE (Moscow), Tarasy Zamkowe (Lublin, Poland), Golden Babylon I (Moscow), Polus City Center (Bratislava), Maritimo Shopping Center (Constanta, Romania), Fifth Avenue (Moscow), Gold Plaza Baia Mare (Romania) and VIVO! Stalowa Wola (Poland).
The value of retail properties held by investor (in EUR)
Retail standing investments values EUR 2,420.6 million as of 31 July 2016.
The value of warehouse properties held by investor (in EUR)
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The largest purchase transactions between October 2015 and September 2016 (subject of the transaction, its total take up area and value in EUR)
IMMOFINANZ has completed the purchase of 25,690,163 bearer shares (representing an investment of approx. 26%) of CA Immobilien Anlagen. The closing took place on Tuesday, 2 August 2016. The purchase price for the package totals approx. EUR 604 million.
Future plans
After finalizing the acquisition of roughly 26% plus four registered shares of CA Immobilien Anlagen AG and receiving the release of the transaction by the antitrust authorities in six countries within a very short time, IMMOFINANZ now works with CA Immo on the details of the planned merger. The company’s goal is to schedule the annual general meetings that will decide on the merger during in 2017.
On the operational side IMMOFINANZ is focusing on rapid expansion in Central and Eastern Europe with the STOP SHOP brand for retail parks and plans to continue to offer to retail customers broad market coverage in numerous countries. IMMOFINANZ plans call for a doubling of the STOP SHOP portfolio over roughly five years to more than 100 locations, which will make the company the leading retail park operator in the region.
What’s more, IMMOFINANZ will also develop the third VIVO! shopping center in Poland, this time in city Krosno. The opening of the property is scheduled for 4Q 2017.
The value of the funds for the investment, whether the investor is permanently established in countries in the region, the number of employees
0
Acquisition activity across the CEE real estate markets between October 2015 and September 2016
0
Why the company deserves the award (in a paragraph you can describe the specific achievements of the company)
IMMOFINANZ is one of the key players in the CEE real estate market. It has a clear strategy to focus on its two core assets, office and retail.
The company has launched two successful and recognized retail formats, STOP SHOP and VIVO! as well as is currently launching as a pioneer on the market a brand for offices, called myhive. First offices in that brand are to be opened still this year and the initial plan estimate opening of 20 myhive offices in six countries.
