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Related news

Immofinanz reports 3 pct rental income increase in H1 for Romanian properties

Austrian real estate company Immofinanz has seen its rental income increase by 2.9 percent in the first half of the abbreviated 2016 financial year, totaling EUR 22.9 million, according to company data. This represents a 14.9 percent share of the group’s total rental income, according to company data.

Immofinanz leases 16,000 sqm of its Bucharest office portfolio

Immofinanz, one of the important real estate investors in Romania, has signed since June 2016 new partnerships and extensions of agreements with tenants in the local office sector, accounting for a total of over 16,000 sqm. The company has attracted new tenants and expansions for 11,500 sqm and has prolonged existing contracts for another 4,500 sqm in seven of its class A office properties in Bucharest, according to a press release

Competition body authorizes take over by Immofinanz AG of office rental companies

The Competition Council has authorized the takeover by Immofinanz AG of several home rental companies. According to the regulatory body, the move does not infringe competition laws on the Romanian market and does not lead to the creation or consolidation of a dominant position.

IMMOFINANZ brings shopping center brand VIVO! to Romania

IMMOFINANZ, one of the real estate investors in Romania, introduces its retail brand VIVO! to the local market and starts the rebranding process for its four existing shopping centres.

Properties in Romania brought Immofinanz revenues of EUR 45.1 million

Real estate company Immofinanz, with properties in Romania of EUR 853 million, obtained in the period between 1st of May 2015 – 30th of April 2016, revenues of EUR 45.1 million from renting its assets on the Romanian market, representing 14.3 pct. from the total revenues of the group.

Immofinanz negotiates sale of real estate developer Adama

Real estate developer Immofinanz, one of the largest real estate players on the local market, is negotiating the sale of Adama, a company specialized in residential developments, according to ZF sources.

Immofinanz to bring two new retail brands on Romanian market

Sorin Vişoianu, country manager operations Immofinanz, says that this year the company will bring the brand VIVO! in the four malls in Romania and is looking for new spaces for a new retail concept, while focusing on Bucharest on the office segment.

IMMOFINANZ announces the acquisition of 26 pct. of shares in CA Immo and the beginning of the merger process between the two companies

With share purchase agreement dated 17 April 2016, IMMOFINANZ AG has agreed to acquire 25,690,163 bearer shares (corresponding to a participation of approximately 26%) in CA Immobilien Anlagen Aktiengesellschaft (“CA Immo”) from Terim Limited (Cyprus) and 4 registered shares in CA Immo from O1 Group Limited (Cyprus).

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