IMMOFINANZ AG
IMMOFINANZ rents more than 80,000 sqm of office space in Bucharest in the abbreviated 2016 financial year
DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Miscellaneous 28.02.2017 / 11:42 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- IMMOFINANZ rented approx. 80,000 sqm of office space in Bucharest during the abbreviated 2016 financial year. That represents more than 40% of the total standing office portfolio in the core market Romania. These transactions are expected to increase the occupancy rate in the office sector in Romania from roughly 88% to more than 94%. New rentals and expansions accounted for roughly 47,000 sqm or 60% of the rented space, while the remainder represents contract extensions. The largest new rental was signed for the recently completed myhive Metroffice project. The US company HARMAN, which produces integrated products and solutions for automobile manufacturers, end customers and companies, signed a long-term lease for 7,700 sqm. New contracts were also concluded, among others, with the media corporation Ringier (2,400 sqm), Kaufland (2,000 sqm) and Regus (1,500 sqm). IMMOFINANZ is currently rolling out its international office brand - myhive - to five office properties in Bucharest. The conversion has already been completed in the myhive Iride 20 and the myhive S-Park. On IMMOFINANZ IMMOFINANZ is a commercial real estate group whose activities are focused on the retail and office segments of eight core markets in Europe: Austria, Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Moscow. The core business covers the management and development of properties, whereby the STOP SHOP (retail), VIVO! (retail) and myhive (office) brands represent strong focal points that stand for quality and service. The real estate portfolio has a value of approx. EUR 5.2 billion and covers more than 350 properties. IMMOFINANZ is listed on the stock exchanges in Vienna (leading ATX index) and Warsaw. Further information under: http://www.immofinanz.com For additional information contact: Bettina Schragl Head of Corporate Communications and Investor Relations IMMOFINANZ T +43 (0)1 88 090 2290 M +43 (0)699 1685 7290 communications@immofinanz.com investor@immofinanz.com --------------------------------------------------------------------------- 28.02.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: IMMOFINANZ AG Wienerbergstraße 11 1100 Wien Austria Phone: +43 (0) 1 88090 - 2290 Fax: +43 (0) 1 88090 - 8290 E-mail: investor@immofinanz.com Internet: http://www.immofinanz.com ISIN: AT0000809058 WKN: 911064 Listed: Regulated Unofficial Market in Berlin, Munich, Stuttgart; Open Market in Frankfurt ; Warschau, Wien (Amtlicher Handel / Official Market) End of News DGAP News Service
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