Tag: Immofinanz

IMMOFINANZ Group reports extraordinary growth in the first half of 2023, marked by a substantial surge in both rental income and operating results.

IMMOFINANZ: Strong operating performance in challenging times drives portfolio growth and robust balance sheet structure.

Immofinanz opens its 7th Stop Shop retail park in Croatia in the town of Gospić, expanding its total network to 123 retail parks across Europe.

IMMOFINANZ is installing high-performance electric car chargers in all of their STOP SHOP retail parks across Serbia.

IMMOFINANZ closed the first half of 2022 with a very strong performance. Rental income reached a high level of EUR 144.2 million, the results of asset management improved by 3.0% to EUR 110.0 million, and sustainable FFO 1 from the standing investment business rose by 6.1% to EUR 78.7 million.

IMMOFINANZ successfully completed a solid start into the 2022 financial year. Like-for-like rental income rose by 4.3% in the first quarter, the occupancy rate remained high at 94.4%, and FFO 1 before tax was stable at a very good level of EUR 34.4 million

IMMOFINANZ will present a new residential brand of residential projects „On Top Living“ at MIPIM, the world's largest real estate fair in Cannes.

IMMOFINANZ again demonstrated its strong earning power in the first three quarters of 2021. The results of operations and net profit are clearly above the pre-crisis level!

VIVO! Baia Mare shopping center in Romania celebrated this month the reopening of one-third of its retail space, welcoming LIDL supermarket and more than ten new stores.

Serbian STOP SHOP retail park portfolio reached 100% occupancy! This means IMMOFINANZ has fully leased out all of its 14 retail parks in Serbia.

The popularity of retail parks in Serbia continues to grow. Last year we have seen the opening of four new retail parks across the country, acquisitions of six existing retail parks, and the announcement of new retail park developments for 2021.

Stop Shop retail parks have expanded their entertainment offer online, by launching an innovative educational and fun quiz for school children.

STOP SHOP is a retail park chain in Central and Eastern Europe, developed by IMMOFINANZ.

The government authorities in all countries where IMMOFINANZ owns and operates retail properties have recently imposed restrictions and implemented various measures to contain Covid-19. IMMOFINANZ gives us a break down on how these measures will affect their retail business and how they have implemented a cost savings programme. 

The Austrian company IMMOFINANZ celebrated 4 years of business in Serbia on the 20th of November in the presence of its partners, local officials and media representatives.

IMMOFINANZ has announced that they will expand their STOP SHOP retail park portfolio to 90 locations in nine countries by the end of 2019. With recent acquisitions and developments the portfolio will in total comprise of over 650,000 sqm of rentable space and will have a book value of approximately  900.0 million EUR.

The Belgrade office of the US based real estate consultancy company CBRE has successfully advised MID Group on the sale of five retail parks in Slovenia and Croatia to Austrian real estate company IMMOFINANZ, for a total of just under 50 million EUR.