DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Miscellaneous
2016-05-09 / 10:19
The issuer is solely responsible for the content of this announcement.

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IMMOFINANZ raised the occupancy level in its office standing investments by roughly seven percentage points to nearly 82% by the end of the 2015/16 financial year (as of 30 April 2016). Rentals in the office segment totalled approx. 388,000 sqm, or 29% of the total area, according to preliminary numbers. Of this total, 307,000 sqm are located in standing investments and 81,000 sqm in development projects. Roughly 40% of the standing investment rentals represent new contracts or contract expansions, while the remaining 60% are contract extensions with existing tenants.
"During the past year we implemented numerous measures to increase the occupancy rate in our office segment, including targeted investments to improve the quality of our offering. The successful results of these steps are now reflected, as announced, in the numbers", indicated Oliver Schumy, CEO of IMMOFINANZ. "Our strong customer orientation and further innovations in the office segment will lead to a further steady increase in occupancy over the coming quarters."

Preliminary data show the strongest office rentals during the 2015/16 financial year in Slovakia, where new contracts or contract extensions were signed for roughly 51% of the rentable space in this core market. This top ranking was followed by Hungary (48%), Germany (36%) and Romania (31%). Of the newly concluded rental contracts (based on volume), 61% have a term of five years or longer.

The largest single new rentals were the contracts covering the new corporate headquarters for trivago and Uniper in the Düsseldorfer Medienhafen with approx. 26,000 sqm and 28,000 sqm of space.

On IMMOFINANZ 
IMMOFINANZ is a commercial real estate company 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 includes the management and development of properties. The company has a real estate portfolio of approx. EUR 5.8 billion that covers more than 380 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 please contact:
Bettina Schragl
Head of Corporate Communications and Investor Relations T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications@immofinanz.com 
investor@immofinanz.com

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2016-05-09 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.
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: Regulated Unofficial Market in Berlin, Munich, Stuttgart; Open Market in Frankfurt ; Wien (Amtlicher Handel / Official Market)  
   
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