Eurobuild Awards
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IMMOFINANZ

CATEGORY
Investor of the Year, CEE
Our core business is the management and development of retail and office properties in selected countries in Western and Eastern European. In the office sector, we concentrate on the capital cities of the core countries and the major office locations in Germany with our international myhive brand. The office portfolio is responsible for approx. 63% of the total portfolio value. Our activities in the retail sector are based on the STOP SHOP brand for retail parks and VIVO! for shopping centers which are designed, above all, for secondary and tertiary cities. The retail portfolio is responsible for roughly 34% of the total portfolio value. In addition to the professional management of these properties, we focus on value-creating growth through our own development projects and acquisitions – always with the goal of strengthening our standing investments and sustainable cash flow. In total we have 333 employees all over Europe adding to our success.
Name of company
IMMOFINANZ
Name of President or Managing Director for the region
Dietmar Reindl, COO
President or Managing Director for the region profile
Dietmar Reindl has been the COO of IMMOFINANZ since 2014, with responsibility for property portfolio and marketing. In 2018/19 he played a big role in arranging the purchase of Warsaw Spire Tower- the biggest deal in Poland (2019). He also implemented the branding strategy (myhive for office, VIVO! and STOP SHOP for retail) which helped IMMOFINANZ become one of the leading European retail park operators, by reaching a total number of 90 properties under the umbrella brand STOP SHOP.
Regions active in (in which countries the company operates)
Seven core markets form the geographical focus of our business activities: Austria, Germany, Poland, Czech Republic, Slovakia, Romania and Hungary.
Portfolio of all properties currently held by your company
Our property portfolio had a carrying amount of EUR 4.5 billion and covered 214 properties as of 30 June 2019.
Office projects included in the portfolio
76 properties are part of our office portfolio.
The value of office properties held by investor (in EUR)
2,851.2 MEUR is the total value of our office property portfolio as of June 2019
Retail projects included in the portfolio
108 properties are part of our retail portfolio.
The value of retail properties held by investor (in EUR)
1,561.7 MEUR is the total value of our retail property portfolio as of June 2019
Warehouse projects included in the portfolio
NONE
The value of warehouse properties held by investor (in EUR)
NONE
The largest purchase transactions between October 2018 and September 2019 (subject of the transaction, its total take up area and value in EUR)
IMMOFINANZ has successfully purchased the Warsaw Spire Tower. The agreed property value for the office tower equals roughly EUR 386 million. The expected annual rental income based on invoiced rents totals approximately EUR 19.6 million. The Warsaw Spire Tower has approximately 71,600 sqm of rentable space in total.The Warsaw Spire Tower is the highest office tower in Warsaw and CEE and has 49 floors. The tower is situated in the rapidly growing City Center West district.
Future plans
Currently IMMOFINANZ strengthens its position as the leading European retail park operator, by reaching a total number of 90 properties under the umbrella brand of STOP SHOP around CEE. The company’s goal for the next two years is to keep on growing, to reach 100 locations in this field. In the office sector IMMOFINANZ plans to further optimize its portfolio as well as keep on focusing on further grow mainly on European capital cities and partially on big cities in Germany.
Acquisition activity across the CEE real estate markets between October 2018 and September 2019
Warsaw Spire (Poland) – EUR 386 mn Palmovka Open Park (Czech Republic-Prague), EUR 76.4 mn 50% interest in NaPrikope - now sole owner of the property (Czech Republic – Prague), transaction value not disclosed 14 Retail Parks (Slovenia & Poland) – transaction value not disclosed What’s more, following the further optimization of its portfolio in Poland, the company sold individual areas, including land reserves, being a part of the EMPARK office complex, for EUR 48.9 million
Why the company deserves the award (in a paragraph you can describe the specific achievements of the company)
This year has shown, that IMMOFINANZ´ long term strategy to focus on CEE and on the office and retail business has proven to be right. The company’s deal with the Warsaw Spire is a record transaction on the Warsaw office market – and literally, it is the highest/biggest office building in CEE. The list of activities in 2019 emphasize even more the role of IMMOFINANZ on the market as one of the key players and most serious investors. The company keeps on investing and growing all over the core markets. IMMOFINANZ believes that one of the success factors is its clear branding strategy (myhive for office, VIVO! and STOP SHOP for retail) which distinguishes the company from the competition and plays a big part of the solid performance and the significant level of occupancy rate.
Company website
www.immofinanz.com/en