IMMOFINANZ

At IMMOFINANZ, our strategy for value-creating growth revolves around expanding our retail portfolio. Our objective? To become even more resilient by further diversifying our portfolio, and to participate in the positive development of footfall and turnover in the retail sector.  Currently, we are actively investing in acquisitions and new developments of retail parks and shopping centres, as well as complementary products. We believe that this strategy not only strengthens our position but also unlocks new opportunities for sustainable growth. #IMMOFINANZ #Retail #GrowthStrategy #Diversification #RetailParks #ShoppingCenters

STOP SHOP focuses on green energy in Slovenia! 🍃 STOP SHOP, a leading European operator of retail parks, has successfully started operations with photovoltaic systems at six locations in Slovenia. The project marks an important step by this member company of the international IMMOFINANZ Group to support sustainable energy generation. The installed equipment has a combined capacity of more than 1,200 kWp and will produce over 1.3 GWh of green electricity per year. https://lnkd.in/dbiwRRRC

With our flexible and innovative office solutions, we are consciously addressing an area of tension that has been building up over the past years: Many people have the need to work from home. Conversely, employers would like their employees to come to the office on a regular basis. That's why our office concepts are deliberately designed to offer maximum flexibility, state-of-the-art infrastructure, and community building. #officesolutions #myhive #IMMOFINANZ

New Tenant in myhive Urban Garden: Welcome, Compax Software Development GmbH! We are delighted to welcome CompaxDigital as a new tenant in the myhive Urban Garden office oasis. Looking for a space to rent at short notice, our flexible myhive office concept proved to be the perfect solution for Compax. The area, leased for five years, covers approximately 4,000 sqm and also offers a spacious, 257 sqm green terrace – ideal for creative breaks and outdoor meetings. #Immofinanz #myhive #myhiveUrbanGarden #FlexibleWorking #Officeoasis

IMMOFINANZ is selling an office property complex in Warsaw to a Polish real estate investor, thus taking another step in its strategic portfolio optimisation. IMMOFINANZ has successfully completed the sale of three office buildings in Warsaw to the Polish ECHO Investment Group. https://lnkd.in/dFmYRy72

Who knows better what's trending and which places are popular in Düsseldorf than content creators with millions of followers? That's exactly why we invited 15 high-reach and opinion-shaping content creators from the Düsseldorf area to the Medienhafen this week. After a welcome drink with a skyline view on the 15th floor of the ALTO office building (where our in-house running track on the roof of the LARGO office attracted a lot of attention), a lunch from Bistro Essart followed, showcasing that our lunch offerings for our tenants are diverse and have little in common with traditional canteen meals. To wrap up the day, we headed to the Barista Bar, of course not without first presenting he benefits of our office and community spaces. Which office building has its own cinema 🎬 and two gyms🏋♀️ ?

IMMOFINANZ Group achieved a strong operating result of around EUR 104 million in Q1 2024, thanks to the expansion of our portfolio in the previous year and outstanding asset management!   Our FFO 1 after tax increased by 23.5% to approximately EUR 70 million. This not only highlights the strength of our portfolio but also the effectiveness of our strategy, as detailed in our Q1 2024 interim financial report https://lnkd.in/di8Jdvys #IMMOFINANZ #OperatingResult #AssetManagement #FFO

The rental income recorded by IMMOFINANZ Group increased by 11.5% year-on-year to EUR 143.2 million. This is mainly supported by the acquisitions of retail properties in the fourth quarter of 2023 and an increase in like-for-like rental income of 6.4%. This increase to EUR 76.7 million from EUR 72.1 million in the first quarter of the previous year was primarily due to the indexing of rents and the positive development of turnover-based rents. Find out more about our successful operating development in our Q1 2024 interim financial report:  https://lnkd.in/di8Jdvys #IMMOFINANZ #Rentalincome #Growth

IMMOFINANZ Group recorded successful operating development and generated sound growth in rental income and earnings in the first quarter of 2024. Rental income rose by 11.5% year-on-year to EUR 143.2 million. After an adjustment for new acquisitions, completions and sales, the like-for-like rental income recorded by IMMOFINANZ (excluding S IMMO) rose by a solid 6.4%. The results of asset management increased by 14.3% over the previous year to EUR 120.0 million and the results of operations improved by a strong 26.4% to EUR 104.3 million. FFO 1 after tax was 23.5% higher at EUR 69.7 million (Q1 2023: EUR 56.4 million). https://lnkd.in/dvTU2fdr

IMMOFINANZ starts preparations for a squeeze-out of S IMMO AG Today, the Supervisory Board of IMMOFINANZ AG (“IMMOFINANZ”) approved the commencement of preparations for a squeeze-out of S IMMO AG (“S IMMO”) in accordance with the Austrian Squeeze out Act (Gesellschafter-Ausschlussgesetz). https://lnkd.in/e4eXTSNP