Welcome to IMMOFINANZ - Your Partner for Office and Retail Properties
In addition to the professional management of these properties, we focus on value-creating growth through our own development projects and acquisitions as well as the related optimisation of our portfolio structure. In doing so, we focus on our three brands: myhive for offices, STOP SHOP for retail parks and VIVO! for shopping centres – always with the goal of strengthening our standing investments and sustainable cash flow.
The strong earnings development recorded by IMMOFINANZ in the previous year continued during the first half of 2019. Rental income rose by 10.8% (including the effects from the initial application of IFRS 16) to EUR 131.8 million. After an adjustment for the IFRS 16 effects, the increase equalled 4.2%. The results of asset management increased 6.6% to EUR 101.0 million, the operating profit (EBIT) rose by 63.9% to EUR 203.4 million and sustainable FFO 1 (before tax) from the standing investment business improved by 22.0% to EUR 59.0 million. Net profit more than doubled to EUR 185.3 million.
Our myhive am Wienerberg has already become a landmark for the city. Many companies appreciate the office building because it has a lot to offer for it's tenants.