IMMOFINANZ with top performance in Q1-3 2021
Results of operations and net profit clearly above pre-crisis level
Results of operations and net profit clearly above pre-crisis level
IMMOFINANZ is not only on a growth course throughout Europe with its innovative office and retail solutions but is now expanding its real estate offering to also include affordable and sustainable housing. With Top on STOP, single-storey STOP SHOP retail parks will be overbuilt to create low-price, resource-friendly housing and to create up to 12,000 new apartments over the medium-term.
The expansion of the portfolio through acquisitions in Bucharest and Italy during recent months will be continued: The acquisition and development project pipeline has a volume of more than EUR 1 billion.
According to Viktor Nagy, country manager of IMMOFINANZ Hungary, having a good time at work is just as important for the employer as it is for the employee. We talked about how to do this, the magic of personalization and the 'secret' of a healthy yet labor-retaining environment.
IMMOFINANZ was awarded as “Office Branding of the Year Award" in 2020 at Office of the Year Competition. With this award the jury acknowledged the new, flexible office products which is still exceptional on the market. The myhive office brand was launched 4 years ago and has continued to grow and adapt to market needs.
The entire portfolio of the STOP SHOP retail network in Hungary, operating on 136,000 square metres in 14 locations and is almost fully leased. In the first quarter of 2021, IMMOFINANZ signed new and extended existing leases for roughly 2,800 sqm.
In IMMOFINANZ's Hungarian portfolio, several lease agreements and extensions of almost 21,000 m2 have recently been successfully completed. Thus, most of the company's local office buildings are currently fully leased
Major upgrades have launched recently in myhive Haller Gardens office building and a showroom has been completed in the first phase as planned.