EQS-Adhoc: IMMOFINANZ announces strategy update
EQS-Ad-hoc: IMMOFINANZ AG / Key word(s): Real Estate/Strategic Company
IMMOFINANZ announces strategy update
24-Jun-2022 / 10:48 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS – a service of EQS Group
The issuer is solely responsible for the content of this announcement.
IMMOFINANZ announces strategy update
IMMOFINANZ is presenting an updated strategy following the majority
takeover by CPI Property Group. The company plans to continue its
value-creating growth strategy with a strong focus on retail properties
and office solutions. As part of an active portfolio management,
properties with a value of approximately EUR 1 billion will be sold and
the proceeds invested in higher yielding assets. The successful course of
the company will be continued on IMMOFINANZ’s robust financial base
together with the strengthening of ESG activities. IMMOFINANZ will benefit
in pursuing this strategy from close cooperation with the CPI Property
Group and the related synergy effects.
IMMOFINANZ intends to further expand its retail portfolio as part of the
updated strategy. Further strengthening of the retail park segment in
Europe will be reinforced by acquisitions and the development of the
successful, crisis-resilient STOP SHOPs. Given the latest positive
development in tenants turnover and visitor footfall, the expansion of the
retail portfolio will be supported by investments in local shopping
centres, that are in line with the VIVO! brand. The current growth course
for the myhive office solutions will be continued, whereby the focus will
remain on expansion in the core markets of IMMOFINANZ.
“With STOP SHOP, VIVO! and myhive, we have first-rate, innovative brands
and real estate solutions to optimally meet the wishes and requirements of
our tenants and customers. Our goal is now to further expand this strong
position: We want to become the leading provider of retail properties in
our core markets. And we will also expand our myhive portfolio to convince
an increasing number of tenants of the advantages of our innovative,
flexible and sustainable real estate concept“, explained Radka Doehring,
member of the Executive Board of IMMOFINANZ.
New investments in the current market environment will focus on retail and
office assets. As part of its active portfolio management, IMMOFINANZ
plans to sell properties with a value of approximately EUR 1 billion.
These sales will concentrate, above all, on properties with a lower yield
and single tenant assets. The sales proceeds will be invested in
higher-yielding retail and office properties in the core markets of the
company or used to repay debt. In the course of a closer integration of
the entire group, IMMOFINANZ is pursuing a retail and office focussed
strategy in the core markets, and targeted acquisitions will involve
properties from CPI Property Group matching the strategy. In pursuing the
strategy, IMMOFINANZ will benefit from close cooperation with the CPI
Property Group and the related synergy effects.
IMMOFINANZ also intends to continue its ambitious ESG strategy in the
future. The net zero emission strategy, which is designed to make the
company emission-free along the entire value chain, remains unchanged.
IMMOFINANZ will also coordinate its ESG goals and ESG reporting with the
CPI Property Group to give investors and other stakeholders a better
understanding of ESG performance and goals in the entire group.
The company’s growth course will be supported by a robust financial base.
The focus for new financing in the current market environment will be
placed, above all, on long-term bank financing.
The Executive Board expects to announce a more detailed guidance on the
expected development of business in the financial year 2022 in the second
half of this year.
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. With the new On Top Living brand, IMMOFINANZ is
expanding into sustainable and affordable living. The real estate
portfolio has a value of approximately EUR 5.2 billion and covers more
than 220 properties. IMMOFINANZ is listed on the stock exchanges in Vienna
(leading ATX index) and Warsaw. Further information under:
For additional information contact:
Head of Corporate Communications and Investor Relations
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
1100 Vienna, Wienerbergstraße 9, Austria
24-Jun-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com
Company: IMMOFINANZ AG
Phone: +43 (0) 1 88090 – 2290
Fax: +43 (0) 1 88090 – 8290
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Munich,
Stuttgart; Warschau, Vienna Stock Exchange (Official Market)
EQS News ID: 1382917
End of Announcement EQS News Service
1382917 24-Jun-2022 CET/CEST
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