DGAP-News: IMMOFINANZ listed in Warsaw starting today - CEO Zehetner: 'We are an East European real estate company'
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate
IMMOFINANZ listed in Warsaw starting today - CEO Zehetner: 'We are an
East European real estate company'
07.05.2013 / 10:31
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Today, 7 May, marks the listing debut of IMMOFINANZ on the Warsaw Stock
Exchange (WSE). Trading in the shares of this Austrian real estate company
on the Main Market started at 9.00 am (CET). The shares will be listed in
the WIG Index (ticker symbol: IIAAV) starting on 21 June. This represents a
second listing by the largest Austrian real estate company and does not
involve the issue of new shares. The WSE listing will make it easier for
Polish investors, above all pension funds, to acquire an investment in
IMMOFINANZ. The share is now traded on the two most important stock
exchanges in the CEE region - Vienna and Warsaw - and is one of the most
liquid real estate stocks in the region. The Erste Group serves as the
market maker for IMMOFINANZ on the WSE. In the coming days, numerous road
show meetings are scheduled with institutional investors in Poland.
'This listing in Warsaw underscores our commitment to the CEE region.
IMMOFINANZ is an East European real estate company. Our portfolio has a
total carrying amount of EUR 10.5 billion, which is located in nearly equal
parts in Eastern and Western Europe. We now earn substantially more in
Eastern Europe than in the west', explains Eduard Zehetner, CEO of
IMMOFINANZ Group.
In addition to Austria and Germany, IMMOFINANZ Group's core markets include
Russia, Poland, Romania, the Czech Republic, Slovakia and Hungary. 'Eastern
Europe and the know-how of Austrian companies in these neighbouring markets
have frequently been underestimated or criticised in the Anglo-American
region since the start of the crisis. All too often, there is a lack of
motivation to examine the differences between the individual countries,
their size, national debt and economic policies. Many people therefore
overlook the fact that this region is still growing much stronger than
Western Europe and the economies have lower debt ratios', adds Zehetner.
'IMMOFINANZ believes in this long-term growth story and its future
potential and is investing in numerous major development projects
throughout CEE. The opportunities will become even greater with the growing
convergence of Europe and the EU's increasing awareness of its
responsibility for the region.'
IMMOFINANZ Group's activities in Poland are concentrated on the premium
retail and office sectors in Warsaw and on retail properties at top
regional locations. In the center of Lublin the company is currently
constructing the Tarasy Zamkowe, a spectacular facility for shopping,
entertainment, relaxation and recreation with up to 38,000 sqm of rentable
space. The Nimbus, a development project in Warsaw, will be a premium
office property in a prime location with green terraces and 19,000 sqm of
rentable space. In Katowice the third phase of the D?bowe Tarasy
residential project is currently in realisation.
IMMOFINANZ Group is also planning to expand in Poland with its STOP.SHOP.
retail brand. These retail parks are located close to major population
centers with catchment areas of 30,000 to 150,000 residents. Tenants can
therefore be certain of steady high visitor frequency. The STOP.SHOP
network currently covers 44 locations in Central Europe, including one in
Poland (Legnica). 'In addition, a contract for a location in Mlawa was
recently signed with the general contractor. The demand from tenants is
strong, which leads us to expect full occupancy when the STOP.SHOP. opens
at the end of 2013', commented CEO Eduard Zehetner, 'and we are now
evaluating other locations.'
On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading 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 1,810 investment properties
with a carrying amount of approx. EUR 10.49 billion. As a 'real estate
machine' the company concentrates on linking its three core business areas:
the development of sustainable, specially designed prime properties in
premium locations, the professional management of these properties and
cycle-optimised sales. 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: http://www.immofinanz.com |
http://blog.immofinanz.com | http://properties.immofinanz.com
For additional information please contact:
MEDIA INQUIRIES
Bettina Schragl
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ Group
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications(at)immofinanz.com
INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance&Investor Relations
IMMOFINANZ Group
T +43 (0)1 88 090 2312
M +43 (0)699 1685 7312
investor(at)immofinanz.com
End of Corporate News
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07.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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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(at)immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in
Open Market ; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
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209953 07.05.2013
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Datum: 07.05.2013 - 10:31 Uhr
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News-ID 256731
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