Corporate | 28 February 2017 11:42
DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Miscellaneous
28.02.2017 / 11:42
The issuer is solely responsible for the content of this announcement.
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IMMOFINANZ rented approx. 80,000 sqm of office space in Bucharest during
the abbreviated 2016 financial year. That represents more than 40% of the
total standing office portfolio in the core market Romania. These
transactions are expected to increase the occupancy rate in the office
sector in Romania from roughly 88% to more than 94%. New rentals and
expansions accounted for roughly 47,000 sqm or 60% of the rented space,
while the remainder represents contract extensions.
The largest new rental was signed for the recently completed myhive
Metroffice project. The US company HARMAN, which produces integrated
products and solutions for automobile manufacturers, end customers and
companies, signed a long-term lease for 7,700 sqm. New contracts were also
concluded, among others, with the media corporation Ringier (2,400 sqm),
Kaufland (2,000 sqm) and Regus (1,500 sqm).
IMMOFINANZ is currently rolling out its international office brand - myhive
- to five office properties in Bucharest. The conversion has already been
completed in the myhive Iride 20 and the myhive S-Park.
On IMMOFINANZ
IMMOFINANZ is a commercial real estate group 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 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 5.2 billion and covers more than 350
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 contact:
Bettina Schragl
Head of Corporate Communications and Investor Relations
IMMOFINANZ
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications@immofinanz.com
investor@immofinanz.com
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28.02.2017 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.
Archive at www.dgap.de
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 1 88090 - 2290
Fax: +43 (0) 1 88090 - 8290
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 ; Warschau, Wien (Amtlicher
Handel / Official Market)
End of News DGAP News Service