Corporate | 9 May 2016 10:19
DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Miscellaneous
2016-05-09 / 10:19
The issuer is solely responsible for the content of this announcement.
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IMMOFINANZ raised the occupancy level in its office standing investments by
roughly seven percentage points to nearly 82% by the end of the 2015/16
financial year (as of 30 April 2016). Rentals in the office segment
totalled approx. 388,000 sqm, or 29% of the total area, according to
preliminary numbers. Of this total, 307,000 sqm are located in standing
investments and 81,000 sqm in development projects. Roughly 40% of the
standing investment rentals represent new contracts or contract expansions,
while the remaining 60% are contract extensions with existing tenants.
"During the past year we implemented numerous measures to increase the
occupancy rate in our office segment, including targeted investments to
improve the quality of our offering. The successful results of these steps
are now reflected, as announced, in the numbers", indicated Oliver Schumy,
CEO of IMMOFINANZ. "Our strong customer orientation and further innovations
in the office segment will lead to a further steady increase in occupancy
over the coming quarters."
Preliminary data show the strongest office rentals during the 2015/16
financial year in Slovakia, where new contracts or contract extensions were
signed for roughly 51% of the rentable space in this core market. This top
ranking was followed by Hungary (48%), Germany (36%) and Romania (31%). Of
the newly concluded rental contracts (based on volume), 61% have a term of
five years or longer.
The largest single new rentals were the contracts covering the new
corporate headquarters for trivago and Uniper in the Düsseldorfer
Medienhafen with approx. 26,000 sqm and 28,000 sqm of space.
On IMMOFINANZ
IMMOFINANZ is a commercial real estate company whose activities are focused
on the retail and office segments of eight core markets in Europe: Austria,
Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Moscow. The
core business includes the management and development of properties. The
company has a real estate portfolio of approx. EUR 5.8 billion that covers
more than 380 properties. IMMOFINANZ is listed on the stock exchanges in
Vienna (leading ATX index) and Warsaw. Further information under:
http://www.immofinanz.com
For additional information please contact:
Bettina Schragl
Head of Corporate Communications and Investor Relations
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications@immofinanz.com
investor@immofinanz.com
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2016-05-09 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 1 88090 - 2291
Fax: +43 (0) 1 88090 - 8291
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Regulated Unofficial Market in Berlin, Munich, Stuttgart;
Open Market in Frankfurt ; Wien (Amtlicher Handel /
Official Market)
End of News DGAP News Service