Corporate | 9 March 2012 17:41
IMMOFINANZ AG / Key word(s): Real Estate
09.03.2012 / 17:41
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Speculation over this step was first heard last year: In its quarterly
meeting on 8 March, the committee of the European Public Real Estate
Association (EPRA) has now approved the inclusion of IMMOFINANZ AG in the
FTSE EPRA/NAREIT Emerging Europe Index. This step will serve as a further
impulse for the property company's share - only three days ago it was added
to the ATX five.
Yesterday evening, the EPRA index committee announced that IMMOFINANZ AG
had met the criteria for inclusion in the FTSE EPRA/NAREIT Emerging Europe
Index. The decisive factor is that a major component of EBITDA must be
generated in the so-called 'emerging markets'. This step represents the
latest milestone in the impressive development of the IMMOFINANZ share: It
was added to the leading index of the Vienna Stock Exchange in March 2011
and, with 100% free float market capitalisation, will now join the EPRA's
Emerging Index. The approval takes effect on 19 March, and the weighting
can therefore only be announced at that time. It is calculated by dividing
the free float market capitalisation of IMMOFINANZ AG by the free float
market capitalisation of all other index-relevant companies.
'Last year our share joined the ATX and this week inclusion in the ATX five
- yesterday's expected announcement by the EPRA committee represents a
further important step in the development of the IMMOFINANZ share',
commented Eduard Zehetner, Chairman of the Executive Board of IMMOFINANZ
AG. 'This step will give the IMMOFINANZ share not only greater
international visibility, but also higher liquidity. Additionally,
inclusion in the EPRA Emerging Index underscores our role as a key player
in Eastern Europe.'
The European Public Real Estate Association (EPRA) represents the interests
of the major European real estate companies in the public sphere and
supports the development and market presence of European real estate
corporations. The committee meetings are held quarterly at the beginning of
March, June, September and December. Together with the National Association
of Real Estate Investment Trusts (NAREIT) and the FTSE (a joint venture
between the Financial Times and the London Stock Exchange), the EPRA
develops the guidelines for a well-known group of indexes. These indexes
serve as a benchmark for listed real estate companies throughout the world.
On IMMOFINANZ Group
IMMOFINANZ Group is one of the five largest listed property companies in
Europe and is included in the leading ATX index of the Vienna Stock
Exchange. Since its founding in 1990, the company has compiled a
high-quality property portfolio that now comprises more than 1,600 standing
investment properties with a carrying amount of approx. EUR 8.7 billion.
The core business of IMMOFINANZ Group covers the acquisition and management
of investment properties, the realisation of development projects and the
sale of objects. IMMOFINANZ Group concentrates its activities in the
retail, office, logistics and residential segments of eight regional core
markets: Austria, Germany, Czech Republic, Slovakia, Hungary, Romania,
Poland and Russia. Further information under: www.immofinanz.com.
Contact:
For additional information contact:
INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance & Investor Relations
IMMOFINANZ AG
M +43 (0)699 1685 7312
investor@immofinanz.com
Simone Korbelius
Investor Relations
IMMOFINANZ AG
T +43 (0)5 7111 2291
investor@immofinanz.com
MEDIA INQUIRIES
Sandra Bauer
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ AG
T +43 (0)5 7111 2292
M +43 (0)699 1685 7292
communications@immofinanz.com
A-1100 Wien, Wienerbergstraße 11
www.immofinanz.com
End of Corporate News
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 5 7111 - 2291
Fax: +43 (0) 5 7111 - 8291
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
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