Modern, state-of-the-art office building, situated in the fastest growth area of Budapest, the 9th district. The landmark building is situated close to the river bank, neighboring the Millennium City Center. The 32,000 m2 myhive Haller Gardens office building is equipped with the highest technology and will contain 7 office floors and a 3-level parking garage for 603 cars. The project amenities include a restaurant, a cafeteria and a branch bank on the ground floor as well as a variety of restaurants, hotels and retail shopping within close proximity. On the upper floors offices will have exclusive access to roof gardens and terraces. In the underground garage, visitor parking and a car wash will widen the list of services we will provide our guests and clients.
Parking and rentable spaces will be available from August 2020.
Retail: 60 and 149 sqm
Office: 2nd floor (B) 581 sqm
Tram: 2, 4, 6, 24,30, 30A
Suburban train: Csepel direction
Bus lines: 23, 54, 55, 103, 212
Viktor Nagy, Country Operations Manager of IMMOFINANZ Hungary said that by reacting immediately to the changing real estate market situation, they gained a significant market advantage. Their tenants appreciate the flexibility of the myhive concept, so a real win-win situation has emerged.
Major upgrades are coming soon to the myhive Haller Gardens office building including new services for the tenants. The goal of IMMOFINANZ’s developments planned for 2020 is to raise the standards of modern work to a higher level.
IMMOFINANZ has standardised the marketing for its international STOP SHOP retail park brand, which covers nearly 70 locations in eight countries. The new claim “easy shopping“ summarises the central brand drivers: STOP SHOP is the appealing and practical local supplier with a diverse product offering that provides attractive value for money and can be easily reached through good traffic connections. All promotional campaigns will now be developed in the Vienna headquarters and used for STOP SHOP advertising in all countries. The current “back to school“ campaign marks the kick-off for this new marketing approach.
IMMOFINANZ generated net profit of EUR 101.7 million from continuing operations, i.e. excluding Russia, in Q1 2017 (Q1 2016: EUR -139.3 million). Rental income totalled EUR 57.1 million for the reporting period, compared with EUR 58.2 million in Q1 2016. The slight decline of 1.9% resulted primarily from portfolio adjustments involving the retail sector in Austria. After an adjustment for new acquisitions, completions and sales (like-for-like), rental income rose by 3.7% to EUR 49.7 million in the starting quarter of 2017. Results of operations equalled EUR 17.8 million (Q1 2016: EUR 57.2 million). Financial results improved substantially to EUR 93.0 million (Q1 2016: EUR -37.3 million), above all due to positive valuation effects from the investments in CA Immo and BUWOG.
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.
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