News: Immofinanz AG (IMFI.VI)
9 Oct 2015
Mon, Oct 5 2015
VIENNA, Oct 5 - Austrian property firm Immofinanz is expanding in Germany as part of its strategy to reduce its exposure to the volatile Russian retail market, building offices costing 145 million euros ($163 million) in Duesseldorf, it said on Monday.
VIENNA, Oct 1 - Austrian property company Immofinanz said on Thursday it was buying back the remaining exchangeable bonds from an issue announced last month, adding that only a fraction of the paper was still outstanding.
VIENNA, Sept 18 - The Chief Executive of Austrian property group Immofinanz does not rule out a merger with smaller rival CA Immo, after a bitter dispute earlier this year as the two companies tried to build stakes in each other.
VIENNA, Sept 16 - Austrian property group Immofinanz's first-quarter results of operations fell more than 40 percent to 53.6 million euros ($60.6 million) compared with last year as it continued to offer cheaper rents to Russian tenants, it said on Wednesday.
* Immofinanz announces reaching 85% target in exchange offer for Buwog shares
* Immofinanz AG launches an incentivized exchange invitation to holders of eur 375 million bonds exchangeable into Buwog AG shares
VIENNA, Aug 26 - Austrian real estate group CA Immo said on Wednesday it wants to keep the 6.7 percent stake it holds with O1 Group in rival Immofinanz , adding that an eventual merger of the two property companies was still on the table.
VIENNA, Aug 7 - Austrian property group Immofinanz does not expect to get less than book value for its logistics portfolio, which it is selling as part of a shake-up under a new chief executive.
* Buwog stake to be sold in 2015/16 (Adds detail, background)
VIENNA, Aug 7 - Austrian property group Immofinanz will shift away from its Russia focus to funnel future investments into Austria, Germany and Poland using money from the planned sale of its logistics portfolio, it said on Friday.