Immofinanz

Two of Austrian Biggest Commercial Real Estate Companies Could Turn to One

The Austrian commercial real estate company Immofinanz AG has decided to make a voluntary public takeover offer for the s Immo AG. The two companies have considered a merger in the past, but the intentions never succeeded. Whether or not the public takeover offer will be going through this time depends on the General Meeting of s Immo and antitrust approvals.

March 18, 2021

Financier Ronny Pecik Appointed Chief Executive Officer of Immofinanz

Croatian-Austrian star investor and largest single investor becomes CEO of commercial real estate group Immofinanz AG.

April 23, 2020

Immofinanz Acquires Eight Shopping Centres in Slovenia, Serbia and Croatia

The real estate company Immofinanz has purchased eight retail parks in Slovenia, Serbia and Croatia. The aim is to drive forward the expansion of their retail park brand Stop Shop. The purchase price totals approximately EUR 90.5 million.

November 15, 2018

Immofinanz Files Lawsuit Against CA Immo

Immofinanz CEO Eduard Zehetner fulfilled his threat that the company would file a lawsuit against CA Immo and its subsidiary PHI. The complaint was filed with the commercial court in Vienna last Thursday, news magazine ‘profil’ reports in its Monday issue.

April 13, 2015

Stock Exchange Index ATX five: Immofinanz Replaces RBI, Composition Unchanged

At a decision making index committee meeting the Vienna Stock Exchange reached a decision on changes to the leading Austrian index, ATX, as well as on further Austrian indices. In the ATX five Raiffeisen Bank International AG will be replaced by Immofinanz AG due to its higher market capitalization.

March 5, 2015

Immofinanz: Net Profit for 2013/14 at EUR 180 Mln, Property Sales Top EUR 1 Bln

Immofinanz Group announces net profit totalling EUR 180.4 million for 2013/14, for a year-on-year increase of 62.8%. Rental income was lower as a result of the extensive, planned property sales. The delayed completion of the GOODZONE shopping center in Moscow prevented the full recovery of this decline during the past year. Rental income amounted to EUR 506.7 million (-7.2%) and results of operations totalled EUR 319.2 million (-19.5%). In like-for-like comparison (i.e. after an adjustment for new acquisitions, completions and sales), rental income was generally stable (-1.3% to EUR 472.7 million). Property sales set a new record at roughly EUR 1 billion.

August 4, 2014

Event: 21st Austria & Advantage Austria: Re-Think Central and Eastern Europe - An Austrian Perspective

On September 23, 2014, 21st Austria and Advantage Austria UK will host a panel discussion at the City of London's Gherkin skyscraper. Herbert Stepic, former CEO of RBI Raiffeisen Bank International and Georg Karabaczek, Austrian Trade Commissioner for the UK will focuse on the topic "Re-Think Central and Eastern Europe: An Austrian Perspective on Diversity in Performance, Challenges and Avenues of Growth". Panellists also include Pasquale Diana, Mario Holzner and Eduard Zehetner.

August 1, 2014

Immofinanz Sells Two Logistics Properties in Poland and the Czech Republic

Immofinanz Group sold two logistics properties – the Bokserska Distribution Park in Warsaw and the Westpoint Distribution Park in Prague. Both transactions took place above book value, with the combined proceeds totalling approx. EUR 33.2 million. The Westpoint Distribution Park was sold to Central Group, a Czech investor, while the Bokserska Distribution Park was sold to “UK & European Investments“, a well-known family office from Great Britain.

July 28, 2014

Immofinanz: Changes at Executive Board

Immofinanz – Dietmar Reindl appointed to the Executive Board

April 30, 2014

Real Estate: Buwog Shares Taking Off

The highly anticipated primary listing of residential real estate affiliate of listed Immofinanz, Buwog, will be completed on Monday.

April 28, 2014

Buwog Soon to be Listed at Three Stock Exchanges

Immofinanz‘ residential real estate affiliate Buwog will celebrate its IPO at the stock exchanges in Frankfurt and Vienna on Monday, April 28 and in Warsaw on Tuesday, April 29.

April 24, 2014

Immofinanz: Ownership Problems in Romania

According to a court decision Immofinanz has took over not legitimately acquired property in Transsylvania.

April 17, 2014

Austria: Immofinanz to Remain in ATX Five

As announced on 4 March 2014, the ATX committee discussed about the future membership of Immofinanz AG in the ATX five.

April 10, 2014

Immofinanz: Substantial Increase in Profits

In the first nine months of 2013/14, the Vienna-listed group registered an increase in net income by 7.1%. For the time being, Immofinanz is not affected by the Crimea crisis.

March 19, 2014

Immofinanz: Buwog’s Spin-Off Approved

In an extraordinary shareholder meeting, the spin-off of residential real estate affiliate of Immofinanz was approved by the shareholders.

March 14, 2014

Austria: Changes Ahead of Buwog’s IPO

Buwog, residential builiding affiliate of real estate company Immofinanz, will be listed from April 28 on and is supposed to become a candidate for the leading Austrian index ATX at the Vienna Stock Exchange (VSE).

February 14, 2014

Immofinanz Kicking Off IPO of Buwog

Listed real estate company Immofinanz is kicking off its inital puplic offering of residential real estate affiliate Buwog.

February 13, 2014

London Roadshow with Austrian Companies

Austrian Companies with Erste Group and the Vienna Stock Exchange on Road Show to London

January 27, 2014

Immofinanz Group Expands Further into Slovenia and the Czech Republic

The Austrian real estate group continues to implement its “STOP.SHOP.” retail warehouse chain concept.

January 21, 2014

Immofinanz: Good Prospects for 2014

Immofinanz is one of the major real estate enterprises in both Austria and Europe.

January 16, 2014

Austria: Personnel Changes at Immofinanz

Daniel Riedl succeeds Alexander Hoff as spokesman of the BUWOG Management Board.

January 3, 2014

Buwog's Spin Off More Likely than IPO

Immofinanz plans on increasing the portfolio of its affiliate Buwog, which focuses on residential real estate, by acquiring a volume of 18,000 apartments in Northern Germany.

December 19, 2013

Immofinanz Increases Net Profit by More than 50 Percent

Immofinanz Group increases net profit by more than 50% – five-year sales programme nearly completed.

December 18, 2013

Immofinanz to Enlarge Buwog’s Portfolio

Austrian real estate company Immofinanz plans on acquiring a large portfolio in Germany. The purchase price of around € 900m is supposed to be raised by the company itself.

November 26, 2013

Germany: Austrian Real Estate Enterprises under Pressure

Austrian real estate companies have invested hundreds of millions Euros in apartments in Germany since yields are around 30 percent higher; however the German government plans on putting a hold to the upward trend.

November 25, 2013

Buwog Aquires Portfolio in Berlin

Buwog has once more acquired apartments at the German real estate market.

November 20, 2013

Buwog to Expand Massively in Germany

Buwog, wholly-owned subsidiary of Vienna-listed Immofinanz, prepares the acquisition of a large real estate portfolio in Germany.

November 7, 2013

Immofinanz to Build Shopping Center in Poland

With Warbud SA, the general contractor, listed real estate company Immofinanz will establish a shopping center for around € 95m in Poland.

October 30, 2013

Immofinanz: Zehetner Quits in 2014

The Austrian real estate group faces a change in leadership.

October 18, 2013

COO Daniel Riedl appointed CEO of BUWOG

The 20th Annual General Meeting (AGM) of IMMOFINANZ AG, Daniel Riedl was appointed as CEO of the subsidiary Buwog. Riedl will prepare Buwog´s IPO.

October 3, 2013

Immofinanz: Satisfying Results in Q1 2013/14

The Austrian real estate group registered a moderate increase in operating profits in the first quarter of the 2013/14 financial year.

September 25, 2013

Austria: Immofinanz Group Sells Hilton Vienna Danube

Immofinanz Group sells Hilton Vienna Danube above the carrying amount of the property.

September 2, 2013

Immofinanz Prepares for BUWOG Sale

The Austrian real estate company plans a going-public for Buwog in 2014. Above all, Immofinanz wants to complete Buwog´s German portfolio.

August 3, 2013

Immofinanz Posts Lower Net Income

The Austrian real estate company has published the results for the financial year 2012/13. Property sales at record high, net profit lower due to decline in positive valuation effects.

August 2, 2013

Immofinanz Postpones Buwog’s Going Public

Austrian real estate company Immofinanz has put off the initial public offering of its affiliate Buwog. The reason for the postponement is the unstable market environment. The new date for an IPO is 2014.

July 24, 2013

Poland: Immofinanz Group Sells Silesia City Center

Large property in Eastern Europe to be sold.

May 28, 2013

Immofinanz: First Office Project in Warsaw

Immofinanz Group lays foundation stone for the Nimbus office building in Warsaw

May 22, 2013

Immofinanz: Secondary Listing in Warsaw Starts Today

Today the first Immofinanz shares will be traded at the Warsaw stock exchange. CEO Eduard Zehetner will be giving a press conference in Poland’s capital.

May 7, 2013

Real Estate Industry: Major Losses for Properties In CESEE

According to Manfred Wiltschnigg, CEO of Austrian Real Estate Agency Immofinanz until the end of March, investments in Poland are becoming more risky.

May 6, 2013

Immofinanz Share Soon to Be Listed in Warsaw

The Immofinanz share will in all probability be listed in the Main Market of the Warsaw Stock Exchange starting on 7 May 2013.

April 29, 2013

Austria: Immofinanz Group Acquires Berlin Residential Portfolio

Buwog, a wholly owned subsidiary of Immofinanz Group, has acquired a residential portfolio in Germany.

April 22, 2013

Austria: Three Convictions at Immofinanz Process

Former head of Immofinanz, Petrikovics, was sentenced to six years in prison. Co-defendants Schwager and Thornton were sentenced as well.

April 12, 2013

Immofinanz to List in Warsaw

Real state corporation Immofinanz wants to list their shares on the Warsaw stock exchange.

April 9, 2013

Immofinanz Group Reveals Less Profit

Operating profit (EBIT) reduced by € 47.9m to € 444.7m. Decline in net profit from € 269.4m to € 210.1m. Cash flow rose by 8.9% y/y to € 315.3m.

March 21, 2013

Immofinanz Withdrawsfrom Swiss Hotel Market

The Austrian real estate group sells Kempinski Residences and Hotel as well as the Grand Hotel in St. Moritz.

February 18, 2013

Immofinanz Withdraws from the Tender for GBW AG

The Austrian real estate group has withdrawn its non-binding offer for the purchase of the tendered shares in GBW AG, Munich, and informed the seller, Bayerische Landesbank, of this decision on 13 February 2013.

February 13, 2013

Immofinanz Continues Sales in Vienna

The Austrian real estate company continues the implementation of its real estate sales programme. Besides that, Immofinanz decides to leave France.

February 4, 2013

Immofinanz: New Projects in Berlin

Purchase of a 3,000 sqm property for the realisation of 100 flats in the Charlottenburg-Wilmersdorf district of Berlin. 1,500 new flats in Berlin in construction or in planning.

January 21, 2013

BUWOG to Strongly Expand Business in Berlin

Germany remains motor of growth for the Austrian real estate company. The subsidiary of Austrian Immofinanz acquires properties with 34,500 m² total space for 520 flats.

January 10, 2013

Immofinanz Sells Offices in Prague

As of 31 December 2012 Immofinanz Group sold the office building BB Centrum Building C located in Prague to the VIG FUND.

January 7, 2013