IVG cleans up 2012 balance sheet from legacies
Based on preliminary figures, IVG Immobilien AG is reporting a consolidated net loss of -€98.7 million for the 2012 financial year due to extraordinary non-cash expenses. These one-off effects, again,...
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IVG includes green clauses in a quarter of all leases in 2012
Last year, IVG Immobilien AG concluded nearly 25% of its new rental agreements as “green leases”. Green clauses commit lessees to sustainable use and lessors to sustainable management of the property....
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THE SQUAIRE honoured with MIPIM Award
The building ensemble THE SQUAIRE at Frankfurt Airport just won the MIPIM Award in the “Best Office & Business Development” category. “This trophy confirms the one-off status of THE SQUAIRE not...
View ArticleMunich’s Office Market once Again Takes Lead in IVG Office Market Scoring
• Halle an der Saale brings up the rear• IVG Research encourages investors to show more risk intelligence• Yield opportunities are on the rise in secondary locations of the “Big Seven” and in...
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Pre-existing problems impact IVG 2012 result – Management Board reviews...
Consolidated net loss for 2012 at €98.7 million (after €126.0 million in the previous year) due to extraordinary non-cash expensesDebt reduced again in 2012: repayments of €640 million Stable operating...
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IVG leases 51,000 m² to Allianz in Frankfurt
IVG has extended its lease with Allianz Deutschland for the office property at Theodor-Stern-Kai 1 in Frankfurt am Main by 16 years ahead of schedule and at normal market conditions. A total of...
View ArticleIVG Garbe Logistik fund acquires core properties in Hamburg and Stuttgart
The IVG Garbe Logistik fund has made its first real estate acquisitions in the shape of two logistics properties near Stuttgart and in Hamburg. The total transaction volume for the properties is around...
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IVG purchases Frankfurt retail property “Zeil 94” in a club deal
IVG has acquired the “Zeil 94” retail property in Frankfurt city centre for two specialised real estate funds of institutional investors. The core property with rental space of almost 7,800 m² was...
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IVG Survey: Sustainability an Integral Part of the Operative Day-to-Day Business
The sustainability drive in Europe’s real estate economy has become firmly embedded in the operative day-to-day business of corporates. This is the upshot of a survey that IVG recently conducted among...
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IVG closes first quarter of 2013 with consolidated net loss of €45.1 million
Unrealised changes in market value squeeze quarterly resultsKey operating figures virtually at same level as previous quarterLiquidity increased from previous quarter to over €200 millionBoard of...
View ArticleIVG Immobilien AG presents key points of refinancing plan
IVG Immobilien AG has made further progress in developing a comprehensive financing strategy, as announced on 27 March 2013, with the aim of reaching a mutually agreed solution in the interests of all...
View ArticleDr Michael F. Keppel designated successor of Stefan Jütte in the Supervisory...
Dr Michael F. Keppel, Managing Director of Keppel Managementpartners GmbH, Frankfurt, has been appointed as member of the Supervisory Board of IVG Immobilien AG as of 10.06.2013 and until the end of...
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IVG purchases office tower “Gallileo” in Frankfurt in a club deal
IVG investor base expanded to Asia IVG has acquired the office tower “Gallileo” in Frankfurt am Main in a club deal for a number of South Korean institutional investors. The core property with total...
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Changes in the Board of Management of IVG Immobilien AG
Guido Piñol appointed as member of the Board of Management and Chief Operating Officer (COO) from 1 October 2013Christian Kühni to join the management of IVG Institutional FundsGmbH as at 1 July 2013...
View ArticleIVG in advanced talks with creditors on financial restructuring
Selected creditors have already expressed ideas about reducing the company’s debtIVG has presented the Business Plan 2013 - 2018 with a consistent focus on its strengths as an integrated platform in...
View ArticleFurther progress regarding the comprehensive financing strategy: Key creditor...
Talks will be continued beyond 20 July 2013. The goal is to produce a mutually agreed plan that considers all stakeholder interests by 30 July 2013 at the latestProspect of arrangement for liquidity...
View ArticleBoard of Management reviews positive forecast for continuation of IVG...
Annual General Meeting will not be able to vote on a restructuring plan on 12 September 2013, because no joint plan taking into account the interests of all stakeholders was submitted by 30 July 2013...
View ArticleIVG Immobilien AG: Key elements of a restructuring concept
In the negotiations conducted by IVG Immobilien AG (IVG or Company) and the representatives of principal creditors affiliated in “Ad hoc-Committees” with regard to (i) a loan agreement in the amount of...
View ArticleCorrection: IVG Immobilien AG: Key elements of a restructuring concept
This is a correction of the announcement from 6:53pm CEST on 10.08.2013. Reason for the correction: Clarification of the position of the LBBW loan within the restructuring concept. In the negotiations...
View ArticleIVG pursues restructuring under protective shield proceedings...
IVG Immobilien AG as parent of the IVG Group will apply for protective shield proceedings (“Schutzschirmverfahren”)No overall agreement with all capital levels foundApplication relates exclusively to...
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