ARTICLES LABELLED WITH TAG Immofinanz

News Immofinanz buys 29% stake in S Immo
24
Sep
2018

Immofinanz buys 29% stake in S Immo

by Property Forum
Immofinanz AG signed agreements for the purchase of 19,499,437 bearer shares in S Immo AG, which represent an investment of roughly 29.14%, on 18 April 2018. Following the receipt of the relevant anti-trust approvals, the closing of the transaction took place on 21 September 2018 and the acquired S IMMO shares were formally transferred to Immofinanz.
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News Immofinanz cancels plans for Braşov retail park
18
Sep
2018

Immofinanz cancels plans for Braşov retail park

by Property Forum
Immofinanz has renounced its plans for the construction of a Stop Shop retail park in Braşov citing the lengthy process of obtaining a construction permit. The developer is considering selling the land.
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News Immofinanz leases over 15,000 sqm in Bucharest
18
Jul
2018

Immofinanz leases over 15,000 sqm in Bucharest

by Property Forum
Immofinanz has leased a total of over 15,000 sqm in Bucharest in the first half of this year. This is equivalent to 8% of its current overall leasable office space in Romania. The company has attracted new tenants for 8,300 sqm of office space and extended contracts for an additional 7,500 sqm in six of its office properties.
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News Immofinanz approves sale of CA Immo shares to Starwood
02
Jul
2018

Immofinanz approves sale of CA Immo shares to Starwood

by Property Forum
The Supervisory Board of Immofinanz AG approved the package sale of the approximately 26% investment in CA Immo. The 25,690,163 bearer shares and four registered shares in CA Immo will be purchased by SOF-11 Starlight 10 €S.à r.l., a member company of the Starwood Capital Group (Starwood). The selling price for all shares covered by the package transaction totals €757.9 million,
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News Immofinanz sells plots of land in Bucharest
19
Jun
2018

Immofinanz sells plots of land in Bucharest

by Property Forum
Immofinanz has sold two plots of land managed by Adama, a developer part of theImmofinanz group, to Speedwell Real Estate Development. The buyer plans to expand its residential and office development portfolio in the northern part of Bucharest. The purchase price has not been disclosed.
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News Immofinanz doubles results of operations
31
May
2018

Immofinanz doubles results of operations

by Property Forum
Immofinanz doubled the results of operations to €35.5 million in the first quarter of 2018 (Q1 2017: €17.8 million). Rental income rose by 3.3% to €59.0 million. The results of asset management increased by a sound 14.1% to €45.0 million following a substantial reduction in property expenses. Both the results of property sales and the results of property development turned clearly positive: the results of property sales improved to €3.5 million (€-6.0 million) and the results of property development to €1.8 million (€-5.8 million).
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News CA Immo rejects Starwood offer
31
May
2018

CA Immo rejects Starwood offer

by Property Forum
The Management Board with the consent of the Supervisory Board of CA Immo has decided that neither the CA Immo treasury shares nor the Immofinanz shares held by CA Immo will be tendered into the respective voluntary partial offer of SOF-11 Starlight 10 EUR S.à.r.l., Luxembourg.
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News Immofinanz’s board recommends rejection of Starwood offer
27
Apr
2018

Immofinanz’s board recommends rejection of Starwood offer

by Import Sys
Immofinanz issued the legally required statement by the Executive Board on the voluntary partial public takeover offer by SOF-11 Starlight 10 EUR S.à.r.l. (Starwood Capital Group). In this statement, the Executive Board recommends that shareholders do not accept the partial public takeover offer of €2.10 per share for up to 5% of Immofinanz.
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News Immofinanz opens two retail parks in Serbia
27
Apr
2018

Immofinanz opens two retail parks in Serbia

by Import Sys
Immofinanz has opened two further retail parks in its Stop Shop brand. The Stop Shop portfolio has now grown to 72 locations with roughly 500,000 sqm of rentable space in eight countries. The new properties are located in the Serbian cities of Požarevac (7,200 sqm) and Vršac (8,250 sqm). Both locations are 100% rented. The tenants include, among others, LC Waikiki, Reserved, Sinsay, CCC, Deichmann and DM.
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News JLL to manage myhive Park Postępu in Warsaw
26
Apr
2018

JLL to manage myhive Park Postępu in Warsaw

by Import Sys
JLL has been selected by Immofinanz as the property manager of the Park Postępu office complex in Warsaw. JLL took over management of the building on 1st April 2018.
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Latest news


New leases

  • Borg Automotive Group will move into new premises at HI Piotrkowska office building in Łódź in February 2025. It will occupy approximately 300 sqm. Brookfield Partners supported the tenant in the negotiation process.
  • TK Maxx shop will be opened at Ferio Konin (central Poland). The brand will occupy 2,000 sqm of space in the extended part of the shopping centre.
  • In November, RTV Euro AGD will open four new shops in four Polish cities: Wrocław, Mikołów, Bydgoszcz and Szczecin. Shops will be opened in Galeria Dominikańska in Wrocław (sales floor area of 950 sqm), Park Handlowy in Mikołów (570 sqm), CH Focus in Bydgoszcz (555 sqm) and Vendo Park in Szczecin (480 sqm).

New appointments

  • From November 1st 2024, Izabela Potrykus is to take on the role of head of the leasing team at CPI Property Group (CPIPG) and take on responsibility for 20 office buildings with a combined area of 516,000 sqm.
  • Knight Frank continues to strengthen its European management team with the appointment of Charles Taylor as CEO of Knight Frank Poland. He is a former Managing Director of Cushman & Wakefield Poland.
  • Immo lab, a consultancy specialising in strategic investment advice in the real estate sector, announces that Bartłomiej Ciemała is joining its team to take up the position of director of investment development.

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