IMMOEAST Annual Report 2006/07

Subsequent Events
— TriGránit Urban Development Projects in St. Petersburg (Russia)
The property developer TriGránit (IMMOEAST stake 25%) and the city government of
St. Petersburg have signed a framework agreement covering a number of major urban
development projects. This makes TriGránit the most important developer in this
second largest city in Russia.
— STOP.SHOP. Offensive (Czech Republic)
IMMOEAST has started an extensive investment programme in the retail sector of the Czech
Republic. Beginning in autumn of this year, 18 new specialty shopping centres will be opened
at a rate of nearly one each month up to the end of 2009. Construction has started on nearly
all objects. The letable space in all properties amounts to roughly 115,000 sqm and a total of
EUR 137 million will be invested.
— S-Park (Romania)
In the booming northern district of Bucharest, IMMOEAST acquired the S-park office development
project with 45,000 sqm. The object was fully let before its completion in August 2007.
A detailed list of investments made after the end of the reporting period is provided on page 254f.
Report by the Executive Board 61
Highlights 2006/07
Business Model and Strategy
Portfolio Structure
Corporate Governance and Outlook
Property Portfolio
Development of Business
Consolidated Financial Statements
Service and Glossary
Second listing of IMMOEAST on the Warsaw Stock Exchange
IMMOEAST combined its most recent capital increase with a second listing on the Warsaw Stock
Exchange, and trading began on 25 May 2007. Prior to this date, IMMOEAST shares were tendered to
private investors in Poland through a public subscription offer. This issue drew substantial interest
and was heavy oversubscribed, with the banks unable to fill all orders by Polish investors.
The start of trading on the Warsaw Stock Exchange represents an important step by IMMOEAST to
broaden the international structure of its shareholder base. In addition to numerous institutional
investors that hold stakes in the company, there are now a larger number of private shareholders
outside Austria. IMMOEAST was also able to add numerous shareholders through public subscription
offerings in the Czech Republic and Slovakia during 2006/07.
The listing in Warsaw is also of major importance for institutional investors. IMMOEAST has always
been an “eastern company” from a business standpoint, but its listing in Vienna as an Austrian
corporation marked it as a “western company” – and, for this reason, some institutional investors
were unable to purchase IMMOEAST shares based on their investment guidelines. That problem has
now been eliminated with the start of trading in Warsaw. IMMOEAST management has confirmed
that there are no plans to apply for further stock exchange listings at the present time.