MIPIM 2019 (24.1 MB)

Basically I am entering the new year very positively, because the demand for living spaces has
remained unchanged and the marketing of our projects is going very well. Of course, the last few
months have seen the emergence of difficult conditions (e.g. land and construction costs). We have
already adjusted our business for these issues. We are eagerly and confidently awaiting the political
intervention (e.g. the Vienna building regulations).
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Housing will, of course, continue to be the asset class of the year. But specialized properties will also
establish themselves more and more.
Roland Pichler,
DWK
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The prices for condominiums and rental apartments have been rising for some time, but recently
at a very moderate level. This is more like stagnation or value adjustment. In my opinion, this will
also soon be the case in the investor market. I don't see a price decline or downward trend at the
moment. Nevertheless, we are keeping a close eye on the market and its saturation since the situation
can change quickly if the supply is too high, especially in moderate locations.
Lack of resources, digitalization, financial requirements.
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In the current year we want to complete around 400 apartments and hand them over to our customers.
Then we intend to build a further 400 apartments. Since we are pursuing a moderate
growth course, we want to increase our acquisition performance and fully exploit our advantages
of the enormous financial strength of the Group. The expansion of our activities into other provinces
is also connected with this.
IMMOFINANZ is optimistic about the new year. In January we received an investment grade rating,
making us the first Austrian property company to issue a rated bond with a volume of 500 million
Euros. This is an important seal of quality for our company. Our properties are very clearly positioned
in our three brands myhive, STOP SHOP and VIVO! and we have plans for further growth.
Retail parks. A few years ago, this asset class was not particularly interesting for many investors. We
have entered this segment at exactly the right time and with our 80 locations in nine countries, we
are already the leading player in this segment. The concept is successful with its decentralization
and an attractive range for price-conscious convenience shoppers. Online retailing is also not an
issue in the low-cost product classes. Further growth is planned.
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That would be desirable, but a cycle also comes to an end once in a while. We consider this real
estate cycle to be at an advanced stage, especially compared to the German market. It is important
to us that we are very well equipped for any market environment: Over the past few years, we have
invested in the quality of our product range, significantly increased the occupancy rate and created
a very comfortable liquidity situation. This puts us in a good position to successfully exploit opportunities
in a changing market environment.
More flexibility in office environments, digitization and finding new commercially-viable projects.
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Dietmar Reindl,
Immofinanz
In 2019, we will focus even more intensively on the wishes and needs of our customers. This pays
off with a high occupancy rate and desirable results. In addition, it provides the basis for sustainable
growth with new projects in our three brands.
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MIPIM 2019
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