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IMMOFINANZ CEE portfolio ranked number one for return by IPD
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0 KommentareDGAP-News: IMMOFINANZ AG / Key word(s): Real Estate
IMMOFINANZ CEE portfolio ranked number one for return by IPD
24.05.2013 / 11:18
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With its CEE portfolio, IMMOFINANZ Group was rated first for return in the
annual benchmark comparison by Investment Property Database (IPD). The
total return on the East European properties owned by IMMOFINANZ equalled
10.2% in 2012. This IPD study covered 49 portfolios in the CEE region.
For the overall return on its CEE properties from 2010 to 2012, IMMOFINANZ
also received the 'IPD Property Investment Award in Central & Eastern
Europe for balanced funds'. The IMMOFINANZ portfolio generated an average
return of 10.9% over this three-year period. The IPD calculation for the
total portfolio return includes rental income (net cash flow return) and
the increase in the value of the properties.
'We see these results and the recognition by IPD as confirmation of our
progress in optimising our CEE portfolio. The value increase component in
this three-year return calculation documents our realistic-conservative
valuation during the crisis, while the rental return underscores the
success of our active asset management and intensive local customer
service. Both factors point out the correctness of our strategy to continue
and increase our focus on the emerging markets in Eastern Europe', comments
Eduard Zehetner, CEO of IMMOFINANZ Group. The Group's real estate portfolio
of approx. EUR 10.5 billion is located nearly one-half each in Eastern and
Western Europe.
IPD, an MSCI brand, produces performance analyses for real estate and
prepares related indexes for national real estate markets. These indexes
are based on reports by the individual real estate companies and are
updated each year. In the CEE region, the IPD Index covers roughly
one-third of the total real estate market.
On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading listed property companies in Europe.
The company is included in the leading ATX index of the Vienna Stock
Exchange and listed on the Warsaw Stock Exchange. Since its founding in
1990, the company has compiled a high-quality property portfolio that now
comprises more than 1,810 investment properties with a carrying amount of
approx. EUR 10.49 billion. As a 'real estate machine' the company
concentrates on linking its three core business areas: the development of
sustainable, specially designed prime properties in premium locations, the
professional management of these properties and cycle-optimised sales.
IMMOFINANZ Group concentrates its activities in the retail, office,
logistics and residential segments of eight regional core markets: Austria,
Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Russia.
Further information under: http://www.immofinanz.com |
http://blog.immofinanz.com | http://properties.immofinanz.com
For additional information please contact:
MEDIA INQUIRIES
Bettina Schragl
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ Group
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications@immofinanz.com
INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance & Investor Relations
IMMOFINANZ Group
T +43 (0)1 88 090 2312
M +43 (0)699 1685 7312
investor@immofinanz.com
End of Corporate News
---------------------------------------------------------------------
24.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 1 88090 - 2291
Fax: +43 (0) 1 88090 - 8291
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in
Open Market ; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
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212931 24.05.2013
annual benchmark comparison by Investment Property Database (IPD). The
total return on the East European properties owned by IMMOFINANZ equalled
10.2% in 2012. This IPD study covered 49 portfolios in the CEE region.
For the overall return on its CEE properties from 2010 to 2012, IMMOFINANZ
also received the 'IPD Property Investment Award in Central & Eastern
Europe for balanced funds'. The IMMOFINANZ portfolio generated an average
return of 10.9% over this three-year period. The IPD calculation for the
total portfolio return includes rental income (net cash flow return) and
the increase in the value of the properties.
'We see these results and the recognition by IPD as confirmation of our
progress in optimising our CEE portfolio. The value increase component in
this three-year return calculation documents our realistic-conservative
valuation during the crisis, while the rental return underscores the
success of our active asset management and intensive local customer
service. Both factors point out the correctness of our strategy to continue
and increase our focus on the emerging markets in Eastern Europe', comments
Eduard Zehetner, CEO of IMMOFINANZ Group. The Group's real estate portfolio
of approx. EUR 10.5 billion is located nearly one-half each in Eastern and
Western Europe.
IPD, an MSCI brand, produces performance analyses for real estate and
prepares related indexes for national real estate markets. These indexes
are based on reports by the individual real estate companies and are
updated each year. In the CEE region, the IPD Index covers roughly
one-third of the total real estate market.
On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading listed property companies in Europe.
The company is included in the leading ATX index of the Vienna Stock
Exchange and listed on the Warsaw Stock Exchange. Since its founding in
1990, the company has compiled a high-quality property portfolio that now
comprises more than 1,810 investment properties with a carrying amount of
approx. EUR 10.49 billion. As a 'real estate machine' the company
concentrates on linking its three core business areas: the development of
sustainable, specially designed prime properties in premium locations, the
professional management of these properties and cycle-optimised sales.
IMMOFINANZ Group concentrates its activities in the retail, office,
logistics and residential segments of eight regional core markets: Austria,
Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Russia.
Further information under: http://www.immofinanz.com |
http://blog.immofinanz.com | http://properties.immofinanz.com
For additional information please contact:
MEDIA INQUIRIES
Bettina Schragl
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ Group
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications@immofinanz.com
INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance & Investor Relations
IMMOFINANZ Group
T +43 (0)1 88 090 2312
M +43 (0)699 1685 7312
investor@immofinanz.com
End of Corporate News
---------------------------------------------------------------------
24.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 1 88090 - 2291
Fax: +43 (0) 1 88090 - 8291
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in
Open Market ; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
---------------------------------------------------------------------
212931 24.05.2013
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