Key Developments: Immofinanz AG (IMFI.VI)
3.28EUR
24 May 2013
€0.02 (+0.71%)
€3.26
€3.27
€3.31
€3.27
1,201,672
1,964,776
€3.43
€2.21
Latest Key Developments (Source: Significant Developments)
Immofinanz AG Debuts on Warsaw Stock Exchange-Reuters
Reuters reported that Immofinanz AG debuted on May 7, 2013 on the Warsaw Stock Exchange at the value of PLN 13.31 per share. Listing of the Company was not accompanied by the offering of shares. Full Article
Immofinanz AG Acquires Tenant in Hungary
Immofinanz AG announced that it has acquired a new tenant in the Hungarian retail market with H&M and concluded two new long-term leases. This international fashion chain will open outlets on approximately 3,000 square meters of usable space in two Hungarian STOP.SHOP. retail parks. The leases cover two floors in Budapest Obuda (1,650 square meters) and Erd (1,419 square meters), with the opening of both H&M shops scheduled for March 2013. Further H&M branches in the Hungarian STOP.SHOP. portfolio are planned by autumn 2014. Full Article
Immofinanz AG Sells 100% Shares in Swiss Les Bains de St. Moritz Holding AG
Immofinanz AG announced that it has completed the sale of 100% of the shares in the Swiss Les Bains de St. Moritz Holding AG, the owner of the Kempinski Grand Hotel des Bains. The closing took place on February 22, 2013. The new owner of this 7.5 hectare property, which is the site for the Grand Hotel, the Casino St. Moritz, the Kempinski Hotel Residences, the spa and various annexes, is an international investor. The sale price for the transaction exceeded the carrying amount, but has not been disclosed. Full Article
Immofinanz AG Sells Kempinski Residences and Hotel in St. Moritz
Immofinanz AG announced the signing of a purchase contract for 100% of the shares in Les Bains de St. Moritz Holding AG. The transaction is expected to close in March 2013, and the parties have agreed not to reveal any information on the buyer or the purchase price. The property in St. Moritz comprises a five-star hotel that is operated by Kempinski, the Casino St. Moritz and the Kempinski Hotel Residences as well as various annexes. It has approximately 34,000 square meters of usable space. Full Article
Immofinanz AG Announces Disposal of Real Estate
Immofinanz AG announced that it has completed six sales transactions in recent weeks. The Office Cube, a 5,200 square meters office property at Gaudenzdorfer Guertel 67, was sold to the German aik Immobilien-Kapitalanlagegesellschaft mbH. The retail and office building at Josefstaedter Strasse 78 will be used for operations by the new buyer. The buyer of the 2,600 square meters building will be using it for company related own business operations. Both sales were brokered by EHL Immobilien. In Germany Deutsche Lagerhaus, a wholly owned subsidiary of Immofinanz AG, sold logistics properties: one building in Kirchheim (Bavaria) with over 20,000 square meters of usable space; a building in Dormagen (North-Rhine Westphalia) with almost 45,000 square meters of usable space and a building in Heusenstamm (Hessen) close to Frankfurt Airport with approximately 15,400 square meters of usable space. All three properties were purchased by BEOS Corporate Real Estate Fund Germany II, which is managed by BEOS AG. With the sale of a property in Parc D'Activites Logistiques de Nice to a local private investor, Immofinanz AG divested its only asset in France and ended its activities on the French market. The logistics park comprises 12 separate buildings with different owners; the three sections previously held and recently sold by Immofinanz AG have approximately 17,000 square meters of usable space. The sales had a combined volume of approximately EUR 81 million. Full Article
Immofinanz AG Sells Office Building BB Centrum Building C in Prague
Immofinanz AG announced that it has sold the office building BB Centrum Building C located in Prague to the VIG FUND. The two partners to the contract have agreed not to disclose any information on the purchase price. The property is part of the business park BB Centrum comprising a total of ten office buildings in Prague 4. Of these, three others are owned by IMMOFINANZ Group: the properties 'A', 'B' and 'Gamma'. BB Centrum Building C offers its tenants approximately 13,000 square meters of space and comprises seven floors as well as two lower levels with 207 parking spaces in the underground garage. Full Article
Immofinanz AG Lowers FY 2013 EBITDA Guidance-Conference Call
Immofinanz AG announced that it will not reach the guidance figure of EUR600 million EBITDA in fiscal 2013. Full Article
Immofinanz AG to Develop Plus-Energy Building Casa Stupenda in Joint Venture with capricorn DEVELOPMENT
Immofinanz AG announced that with the Casa Stupenda, a plus-energy house is under construction in Duesseldorf's MediaHarbor. This project is being developed and realized by the Company in an 80:20 joint venture with the Duesseldorf project developer capricorn DEVELOPMENT. The construction costs total approximately EUR 100 million, and completion is scheduled for 2015. The Casa Stupenda is a prime office building that offers approximately 28,000 square meters of rentable office space as well as approximately 3,500 square meters for retailers and 480 underground parking spaces. The Casa Stupenda comprises seven individual buildings that are combined into an ensemble. Full Article
Immofinanz AG Extends Three Leases in Atrium Park in Budapest
Immofinanz AG announced that it has recently signed contracts to extend three leases in the Atrium Park, one of its showcase office properties in Budapest. Three tenants decided in favor of extending their leases, in part with an increase in space, and will occupy approximately 18,000 square meters in the Atrium Park up to the middle or the end of 2017, respectively. Full Article
Immofinanz AG Leases Wins Long-Term Lease Tenant for Its DH Logistik Storage Building in Dunaharaszti
Immofinanz AG announced that with Toerley Pezsgopinceszet (Toerley) the Company has won a long-term lease tenant for its DH Logistik storage building in Dunaharaszti in the south of Budapest. The building is fully let by Toerley. The company has leased 12,500 square meters of warehouse space plus 760 square meters of office and service areas and will move into the building in 2013. Financial details were not disclosed. Full Article
UPDATE 1-Immofinanz sees secondary Warsaw listing on May 7
VIENNA, April 29 - Austrian real-estate group Immofinanz expects a secondary listing of its shares on Warsaw's main market to take place on May 7, it said on Monday.
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