IMMOFINANZ | Romania Feed

Deloitte Romania assisted real estate developer AFI Europe in acquiring office building Bucharest Financial Plaza from Immofinanz group.

Prima Development Group, a real estate developer of Oradea, signed for the acquisition of an over 6-ha land plot in Bucharest’s Soseaua Gheorghe Ionescu Sisesti, part of the portfolio of Austrian real estate developer Immofinanz.

CPI Property Group (CPIPG) will provide asset management services to IMMOFINANZ companies on the basis of a services agreement signed by the two parties.

IMMOFINANZ, one of the largest players on the local real estate market, announces the signing of a 25-year lease for 6,500 square meters in myhive Victoria Park to Leventer Medical Group, one of the most important  private skin health operators in Romania.   The leased area will host  Leventer Hospital, the country’s first private dermatology […]

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 […]

The 2021 financial year brought a massive increase in IMMOFINANZ’s earning power: The results of operations rose by roughly 46% to EUR 210.1 million and clearly topped the previous year as well as the pre-crisis period in 2019. Net profit improved significantly to EUR 345.8 million, compared with the crisis-related loss of EUR -165.9 million in the […]

IMMOFINANZ, one of the leading companies in the local real estate market, announces the launch of the successful mycowork, a myhive flexible office product offering customized workspaces for all types of companies in Romania. Internationally, the mycowork concept was first implemented in Vienna in 2020 and rolled out successfully in several European cities. The first […]

A speaker in Business Review’s recent re:FOCUS on eCommerce, Retail & Logistics 2022, Geanina Ungureanu, Senior Asset and Leasing Manager Retail at IMMOFINANZ, talked about the future of retail developments, but also about the latest trends that have emerged during the past year, such as the increased appetite for online displayed by most retailers. By […]

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 […]

IMMOFINANZ is consistently expanding its leading role as Europe’s largest retail park operator as part of its growth strategy. The number of STOP SHOPs will be increased by roughly 40% to 140 locations by 2024 based on selective acquisitions and new openings. In doing so, the company will also focus on Italy, where ten new […]

IMMOFINANZ, one of the most important companies active on the Romanian real estate market, announces the signing of a ten-year lease agreement with the retailer Profi. The contract applies to workspaces located on an area of over 4,000 square meters, equivalent to four floors of the Baneasa Airport Tower building.   “The deal comes on […]

IMMOFINANZ today received a request to convene an extraordinary general meeting, together with an agenda covering elections to the Supervisory Board. According to the convocation request, CPIPG holds an investment (directly and indirectly) of approximately 54.86% in IMMOFINANZ and recommends (via its subsidiary WXZ1 a.s.) two new members for election by the general meeting.   […]

The Executive Board and Supervisory Board welcome the intention of the CPI Property Group (CPIPG) to benefit from the company’s attractive growth potential and support the development and expansion of IMMOFINANZ as a long-term major shareholder. However, the price offered by CPIPG for the IMMOFINANZ share is significantly lower than the current value of the […]

Geanina Ungureanu, Senior Asset and Leasing Manager Retail at IMMOFINANZ, returns as a speaker at re:FOCUS on eCommerce, Retail & Logistics 2022 edition, after also being part of BR’s landmark retail & logistics conference in 2021. For this occasion, Business Review sat down with her for an exclusive talk previewing the topics which will be […]

Fulga Dinu, Country Manager Operations at IMMOFINANZ, sat down with Business Review to talk about the launch of the myhive flexible offices in Romania and discuss the company’s future projects on the retail segment. By Anda Sebesi   What does the concept of flexible offices look like and what can you tell us about the […]

IMMOFINANZ is making an important contribution to the fight against climate change with its new Net Zero Emission Strategy. Plans call for a reduction of 60% (below the 2019 level) in all greenhouse gas emissions by 2030 – and by 2040, this leading European commercial real estate company intends to be emission-free along the entire […]

IMMOFINANZ, one of the strongest real estate investors in Romania focusing on the retail and office segments, has sold the former Armonia Arad shopping centre to Oresa, a company controlled by Swedish investors with a strong presence in the local market. Oresa plans to develop a mixed-use project with an industrial and retail component. “The […]

IMMOFINANZ again demonstrated its strong earning power in the first three quarters of 2021. The results of operations rose by nearly 60% year-on-year to EUR 180.4 million and even substantially exceeded the comparable 2019 pre-crisis level (+29% versus Q1–3 2019). Net profit turned clearly positive at EUR 295.7 million and also surpassed the pre-crisis level in 2019 (Q1–3 2019: […]