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IMMOFINANZ considers Hungary as a promising field for long-term investments

With its nearly EUR 6 billion real estate portfolio – which covers more than 380 properties – in eight core markets in Europe, IMMOFINANZ is a significant player on the market. The Group’s properties in Hungary represent nearly 8% of the company’s total portfolio, including 12 office buildings and 13 retail properties. The company’s Hungarian subsidiary is contributing to the overall success strongly. Viktor Nagy, Country Manager Asset Management Office, IMMOFINANZ Hungary, has been asked to answer a few questions about the company’s successes and plans.

IMMOFINANZ’s gift for your headquarters: ONE summer

Relocate in June, pay in September!

Immofinanz rental income in Romania stable

Immofinanz posted its financial results for the first three quarters of the 2015/16 financial year, with rental income in Romania standing stable at EUR 34 million. This represents 14.3 percent of the group’s total rental income.

Immofinanz: Stefan Schönauer Appointed Chief Financial Officer, Dietmar Reindl’s Executive Board Contract Extended

The IMMOFINANZ Supervisory Board recently appointed Stefan Schönauer as Chief Financial Officer for a period of three years, effectively immediately. He succeeds Birgit Noggler, who resigned from the Executive Board at her own request as of 19 February 2016. The Supervisory Board also approved a four-year extension in the term of office for Dietmar Reindl.

Romanian properties bring 14 pct of Immofinanz income in first half of financial year

In the first half of the 2015/16 financial year, rental income from the Romanian properties of the Immofinanz group reached EUR 22.2 million, accounting for 13.9 percent of the developer’s total rental income. The numbers were stable, with the previous period registering EUR 22.5 million in income, group representatives inform.

Immofinanz sells logistics portfolio to Blackstone

Immofinanz has signed a contract with Blackstone for the sale of its entire logistics portfolio. The transaction covers all 36 logistics standing investments with up to one million sqm of rentable space, which are located for the most part in Germany (24 properties) as well as in Hungary (5), Romania (3), Poland (2), Slovakia (1) and Russia (1).

Immofinanz to let a third of the first phase of LOG.IQ Bucharest

Immofinanz, one of the major real estate investors in Romania, announces pre-lease contracts in LOG.IQ Bucharest, the company’s newest logistic project in Mogosoaia.

The small city on the former Electronica factory plot in Bucharest

The transformation of the Electro­nica factory in Pipera into the office complex Iride represents, according to data from the real estate consultant Esop Con­sulting, the first large reconversion of a Bucharest factory, being at the same time the oldest and the most expanded in the future.
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