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.
IMMOFINANZ significantly strengthened its earning power during the 2018 financial year: Results of operations rose by 42.3% to EUR 153.1 million (2017: EUR 107.6 million), and sustainable FFO 1 (before tax) from the standing investment business more than doubled to EUR 85.0 million (2017: EUR 36.9 million). Net profit turned positive with a significant increase to EUR 217.5 million, following a previous year that was negatively influenced, above all, by the sale of the Russian portfolio (2017: EUR -537.1 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.
We are a listed European commercial property group focussing on two asset classes: office and retail in seven core markets. Learn more!