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Articles - Portfolio

CPI Hungary is committed to making buildings accessible

It is the first to get certified by Access4You

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Regus: 4 new centres opening soon

According to Ms. Nikoletta Ispanki, Country Manager of IWG Hungary (known for brands like Regus and Spaces), as the office market is moving forward, they are looking ahead; expanding, thinking about the rural areas, and franchising-based expansion.

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S IMMO is in the fast lane

S IMMO started 2019 with large-scale transactions in the Budapest property market. Through purchasing a nearly 9,000 sqm plot, the company is preparing the development of a new office complex, while its existing buildings are still close to full occupancy.

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CBRE: It is a very good time to be a landlord

Mr. David M. Johnston MRICS, Senior Director, Head of Advisory and Transaction Services at CBRE Hungary says that market is enjoying one its strongest spells ever. What are the consequences? Rents are increasing and incentives are shortening. We also discussed changing occupiers’ needs and why the 76th place on Mercer’s Quality of Living list is a good one.

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Immofinanz financial result

Results of the Q1-3 2018 in HUNGARY as of 30 September 2018

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IMMOFINANZ expands STOP SHOP portfolio to 80 locations with eight new acquisitions

IMMOFINANZ is driving the expansion of its successful STOP SHOP retail park brand and has now purchased eight retail parks in Slovenia, Serbia and Croatia. The purchase price totals approximately EUR 90.5 million. The newly acquired properties are fully rented and generate annual rental income of roughly EUR 7.2 million, which represents a gross return of 8.0%

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IMMOFINANZ with strong operating development in the first quarter of 2018 – cost savings take effect

Results of operations double to EUR 35.5 million

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IMMOFINANZ grows stronger in the first half of 2017: Significant increase in Group net profit to EUR 105.3 million

IMMOFINANZ recorded a significant increase in net profit to EUR 105.3 million in the first half of 2017 (H1 2016: EUR -243.3 million). Net profit from continuing operations, i.e. excluding Russia, totalled EUR 113.1 million (H1 2016: EUR -123.9 million). Rental income remained stable at EUR 114.9 million (H1 2016: EUR 115.9 million) despite the continuing sale of non-strategic properties.

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