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Immofinanz AG (IMFI.VI)

IMFI.VI on Vienna Stock Exchange

2.01EUR
9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Immofinanz expand by eight retail parks acquisitions
Monday, 14 Nov 2016 04:22am EST 

Immofinanz AG : Immofinanz expands stop shop portfolio to 66 retail parks through eight acquisitions . Purchase price for these properties totals about 79.0 million euros ($84.90 million) . Newly acquired retail parks have an occupancy rate of roughly 98 percent and generate annual rental income of about 6.6 million euros . Transactions will close in several steps, presumably by the end of the first quarter of 2017 .Further locations in Serbia and Poland are currently in preparation phase for project development.  Full Article

Immofinanz to start construction on VIVO! shopping centre in Poland
Thursday, 20 Oct 2016 04:35am EDT 

Immofinanz AG : Will soon start construction on a further shopping center under its VIVO! brand in Polish City of Krosno .Investment costs will total approx. 34 million euros ($37.3 million), and opening is planned for Q4 of 2017.  Full Article

Immofinanz says is developing new headquarters for Trivago in Duesseldorf
Thursday, 8 Sep 2016 07:15am EDT 

Immofinanz AG : Trivago and Immofinanz lay the cornerstone for new headquarters in Duesseldorf's Medienhafen .Completion is scheduled for mid-2018.  Full Article

CA Immo says Q2 FFO I 22.9 mln eur, slightly better than expected
Wednesday, 24 Aug 2016 01:29pm EDT 

CA Immo : Net rental income increase by 19.2% to eur 72.1 m . FFO I per share at eur 0.46 up 21% yoy (2015: eur 0.38 per share) . FFO I, reported before taxes and adjusted for sales result and other non-permanent effects, totalled eur 43.8 m after first six months of 2016 (eur 37.7 m in 2015) . We hereby confirm an annual target for long-term revenue of a 10% increase in FFO I per share compared to previous year . Current share buyback programme will be continued, with current target for number of own shares acquired amounting to five million in second half of year . Spokeswoman says Q2 FFO I 22.9 million eur (average forecast in Reuters poll: 20.9 million eur) . In the second six months we will introduce key growth-promoting measures aimed at steadily raising the sustainable earnings of CA Immo over the long term . As regards the possible merger with Immofinanz, we are well prepared for negotiations. We will carefully examine the pros and cons of such a transaction in the interests of our shareholders. Further company coverage: [CAIV.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  Full Article

Immofinanz says plans to sell 1 bln eur in assets in mid term
Thursday, 28 Jul 2016 04:17am EDT 

Immofinanz : Says plans in mid term to sell assets worth 1 billion eur, includes 560 million in office assets, 320 million in retail, money to be used for development and portfolio growth . Says will take 12-18 months from closing of CA Immo stake acquisition for shareholders to decide about merger Further company coverage: [IMFI.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  Full Article

CA Immobilien Anlagen: executive board approves transfer of shares to Immofinanz
Wednesday, 27 Jul 2016 12:25pm EDT 

CA Immobilien Anlagen AG : Executive board approves transfer of 4 registered shares to Immofinanz AG .Management board also decided to mandate J.P. Morgan and Ithuba Capital as financial advisors for potential merger with Immofinanz.  Full Article

Immofinanz sells 18.5 mln Buwog shares to SAPINDA
Thursday, 9 Jun 2016 02:17am EDT 

Immofinanz AG : Sells 18.5 million Buwog shares to the strategic investor SAPINDA . Price of 19.00 euros ($21.65) per share - for a total of approx. 352 million euros - is 3.5 pct higher than Wednesday's closing price of 18.36 euros . Proceeds from sale will be used to finance acquisition of a 26 pct stake in CA Immobilien Anlagen AG . Sale reduces Buwog shares held by Immofinanz by approx. 18.5 percentage points to roughly 10 pct .Approx. 10 million remaining Buwog shares are intended to proportionally service convertible bonds issued by Immofinanz.  Full Article

Immofinanz office portfolio occupancy up at nearly 82 pct by end of 2015/16
Monday, 9 May 2016 04:19am EDT 

Immofinanz AG : Raised occupancy level in its office standing investments by roughly seven percentage points to nearly 82 pct by end of 2015/16 financial year .Rentals in office segment totalled approx. 388,000 sqm, or 29 pct of total area, according to preliminary numbers.  Full Article

Immofinanz to acquire 25,690,163 bearer shares and 4 registered shares in CA Immobilien Anlagen
Monday, 18 Apr 2016 01:57am EDT 

Immofinanz AG:Announces the acquisition of 25,690,163 bearer shares and 4 registered shares in CA Immobilien Anlagen AG.Purchase price amounts to 23.50 euros per share.Total value of transaction is approx. 604 million euros which is intended to be funded with additional debt and issuance of a convertible bond.Acquisition of the CA Immo stake is a first step towards a planned full combination of IMMOFINANZ and CA Immo by way of a statutory merger.  Full Article

Immofinanz says Stefan Schoenauer appointed Chief Financial Officer
Friday, 11 Mar 2016 05:22am EST 

Immofinanz AG:Appointed Stefan Schoenauer 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 Feb. 19.  Full Article

BRIEF-Immofinanz expand by eight retail parks acquisitions

* Immofinanz expands stop shop portfolio to 66 retail parks through eight acquisitions