# Immofinanz

Immofinanz is an Asset Manager based in Vienna, Austria.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Vienna, Austria
- **Region:** Europe
- **Address:** Vienna, Austria
- **Founded:** 1990
- **Assets under management:** Undisclosed
- **Website:** www.immofinanz.com
- **LinkedIn:** https://www.linkedin.com/company/immofinanz-group
- **Wikidata:** Q71069640

## Regulatory record

- **Reports private funds:** No

## About

CPI Europe (formerly IMMOFINANZ AG) is a listed European real estate group focusing primarily on office, retail and residential properties in ten core markets. Its portfolio is geared towards the brands my hive for offices, STOP SHOP for retail parks and VIVO! for shopping centres, plus complementary portfolios including residential in the Czech Republic. The property portfolio (including S IMMO) has a value of approximately EUR 8.8 billion and covers over 350 properties. The firm pursues value-creating growth through selected development projects, opportunistic acquisitions and portfolio optimisation.

## Sectors

- Real Estate

## People

- Pavel Měchura — Executive Board Member
- Vít Urbanec — Executive Board Member
- Zdeněk Havelka — Executive Board Member

## Questions

### Who runs investment decisions at Immofinanz?

The executive board, led by CEO Pavel Měchura as of late 2022, sets capital allocation strategy under supervision of the supervisory board chaired by Kerstin Gelbmann. Major acquisitions, including the S Immo takeover and the Russia exit, required supervisory board approval. Day-to-day asset management operates through country-level subsidiaries in Austria, Germany, Poland, Czech Republic, and Hungary.

### How is Immofinanz structured — is it a REIT, a fund, or an operating company?

Immofinanz is an Austrian-listed property company, not a REIT. It pays corporate income tax at standard rates and does not distribute a fixed percentage of earnings to shareholders, so its dividend policy is discretionary. The structure gives management the flexibility to retain earnings for acquisitions or debt reduction without REIT payout requirements.

### Does Immofinanz participate in fund commitments or only direct deals?

Immofinanz operates exclusively through direct property ownership. It is not a fund-of-funds investor and does not commit capital to external real estate private equity vehicles. All investment activity takes the form of acquiring, developing, or disposing of standing commercial real estate on its own balance sheet.

### Which sectors does Immofinanz explicitly avoid?

Immofinanz does not invest in residential, logistics, data centers, or hotels. Its portfolio is deliberately concentrated in two sectors — office and retail — and it has publicly reduced exposure to non-core markets, most notably exiting Russia entirely by late 2023.

## Related profiles

- [IMM Investment](https://altss.com/profile/imm-investment)
- [IMM Private Equity](https://altss.com/profile/imm-private-equity)

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Last updated: 2026-08-11T15:07:05.535Z

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