EQS-News: IMMOFINANZ presents new brand On Top Living at MIPIM 2022
EQS-News: IMMOFINANZ AG / Key word(s): Real Estate/Expansion
IMMOFINANZ presents new brand On Top Living at MIPIM 2022
16.03.2022 / 09:19
The issuer is solely responsible for the content of this announcement.
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IMMOFINANZ presents new brand On Top Living at MIPIM 2022
IMMOFINANZ presents its new residential brand On Top Living at MIPIM, the
world’s biggest real estate fair in Cannes. Under this brand, IMMOFINANZ
will provide its tenants with up to 12,000 smart and sustainable
apartments at affordable prices in the medium term. This complements the
company’s portfolio with another strong brand, after its successes with
the flexible offices myhive, with the retail parks STOP SHOP, and with the
shopping centers of VIVO!
IMMOFINANZ expands its real estate portfolio to include affordable and
sustainable housing. The newly presented brand of On Top Living involves
the overbuilding of single-storey STOP SHOP retail parks to create
low-cost and environmentally friendly living spaces. „On Top Living
symbolises smart living. Our future tenants will benefit from flexible
space concepts, a comfortable living climate, highest degrees of energy
efficiency, alternative mobility concepts, and much more – and everything
at affordable rents and in immediate proximity to local suppliers and
leisure time facilities. This way, we fulfil the housing needs of many
people and at the same time contribute crucially to the fight against
climate change, soil sealing and exploding housing costs,“ explains
Dietmar Reindl, member of the Executive Board of IMMOFINANZ.
Smart living with highest social and environmental standards
On Top Living is a smart living concept created by IMMOFINANZ that sets
highest social and environmental standards for intelligent
redensification. Due to the modular wood construction, future tenants can
choose from a wide range of living concepts: mini lofts, family
apartments, and apartments including home office spaces or separate units
for guests or care. Numerous shared spaces like community rooms,
playgrounds, or rooftop gardens are meant to bring a lively spirit to the
living areas and promote social exchange.
The On Top Living apartments will not only offer a comfortable set-up
where tenants can enjoy life, but they will also be climate-neutral. The
units come with large-scale photovoltaics, heat recovery, and geothermal
energy, but the tenants will also have access to e-charging stations and
e-bikes. Leafy rooftops and façades complement the sustainable concept
while at the same time acting as natural air-conditioning system. The
modular wood construction also binds CO[2]. The wood is to come
exclusively from certified, sustainable forestry. Another smart benefit of
the On Top Living apartments is the fact that the prefabricated modules
reduce construction time and thus the resulting noise exposure and
emissions by a massive degree.
Sustainable finance to strengthen competitive position
Stefan Schönauer, member of the Executive Board of IMMOFINANZ: „On Top
Living is another excellent example of how we implement our sustainability
principles in concrete real estate projects. In total, we will invest
about EUR 1 billion in the expansion of On Top Living over the coming five
to seven years across our countries and thus add new earnings sources. In
doing so, we also want to resort to an increasing degree of sustainable
and social finance. Due to the massive increase in demand by banks and
debt investors for sustainable investments, this promotes quick expansion
and strengthens the competitive position of IMMOFINANZ.“
Up to 12,000 On Top Living apartments in the medium term
The STOP SHOP locations of IMMOFINANZ are an enormous resource for the
company as far as the construction of On Top Living apartment complexes is
concerned. With its 100 STOP SHOP retail parks across ten European
countries, the company is the leading retail park operator in Europe. The
company is planning to expand the portfolio to about 140 locations in the
coming years. „As announced previously, we are planning to overbuild
approx. 50% of our locations and want to create about 12,000 new
apartments that way. The pilot project in Vienna has completed the
planning stage, and another pilot project is earmarked for the Serbian
town of Borca,“ concludes Dietmar Reindl.
On IMMOFINANZ
IMMOFINANZ is a commercial real estate group whose activities are focused
on the office and retail segments of eight core markets in Europe:
Austria, Germany, Poland, Czech Republic, Slovakia, Hungary, Romania and
the Adriatic region. The core business covers the management and
development of properties, whereby the STOP SHOP (retail), VIVO! (retail)
and myhive (office) brands represent strong focal points that stand for
quality and service. The real estate portfolio has a value of approx. EUR
5.0 billion and covers roughly 210 properties. IMMOFINANZ is listed on the
stock exchanges in Vienna (leading ATX index) and Warsaw. Further
information under: [1]https://immofinanz.com
For enquiries, please contact:
Bettina Schragl
Head of Corporate Communications and Investor Relations
IMMOFINANZ
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
[2]communications@immofinanz.com
investor@immofinanz.com 1100 Vienna, Wienerbergstraße 9, Austria
www.immofinanz.com
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16.03.2022 This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 9
1100 Vienna
Austria
Phone: +43 (0) 1 88090 – 2290
Fax: +43 (0) 1 88090 – 8290
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000A21KS2
WKN: A2JN9W
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Munich,
Stuttgart; Warschau, Vienna Stock Exchange (Official Market)
EQS News ID: 1303609
End of News EQS News Service
1303609 16.03.2022
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2. communications@immofinanz.com
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