DGAP-News: IMMOFINANZ Group launches Riverpark residential project in Poland
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate
IMMOFINANZ Group launches Riverpark residential project in Poland
04.09.2013 / 11:00
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IMMOFINANZ Group is starting construction on a residential project in
Pozna?, the fifth largest city in Poland. The Riverpark will have 189
apartments with 11,852 sqm of space, and completion is scheduled for the
first half of 2015. The investment is expected to total approx. EUR 18
million.
The site for this project is located south of the city center, close to the
Warta River, and offers excellent connections to the local infrastructure
(public transportation, schools, parks) as well as a direct view of the
river and green areas. The Riverpark will include two buildings with five
stories and an underground garage level as well as three town houses with
three stories each and an underground garage. All apartments will have a
balcony/terrace or garden access, and the complex will also include 198
garage spaces.
'Similar to other countries in Eastern Europe, there is substantial pent-up
demand on the housing market in Poland. We have been active on the
residential property markets in both the western and eastern regions of
Europe for many years and have developed the necessary structures. Our
projects are focused on large-volume condominium construction for the
emerging middle class', explained Daniel Riedl, COO of IMMOFINANZ Group.
Pozna?is the capital city of the Greater Poland Voivodeship, a university
and trade fair city that is one of the country's strongest commercial
locations. The Riverpark apartments are designed to meet the needs of
singles, young families, students and their parents as well as free lancers
and business people who would like to move from the suburbs closer to the
city center.
With the Debowe Tarasy Residential Estate, IMMOFINANZ Group is also
currently developing a project in Katowice, Poland. This prestigious
project will cover several construction phases: two have already been
completed, and construction on the third phase (317 apartments) will be
finished at year-end 2013. The purchase contract for the 100th apartment in
the Debowe Tarasy III was recently finalised by a notary. The Debowe Tarasy
III is the largest residential construction project in Katowice, where the
demand for home ownership is still high. In this city, 23% more housing
units were sold in 2012 than in the previous year.
IMMOFINANZ Group's residential construction activities in Eastern Europe
are bundled in the Residential East segment. The properties in this segment
had a carrying amount of EUR 250.1 million at the end of April 2013 (EUR
51.4 million in development projects and EUR 198.7 million in pipeline
projects).?On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading listed property companies in Europe.
The company is included in the leading ATX index of the Vienna Stock
Exchange and also trades on the Warsaw Stock Exchange. Since its founding
in 1990, the company has compiled a high-quality property portfolio that
now comprises more than 1,700 investment properties with a carrying amount
of approx. EUR 10.5 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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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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228966 04.09.2013
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Datum: 04.09.2013 - 11:00 Uhr
Sprache: Deutsch
News-ID 293223
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