Warimpex was founded in 1959 by Stefan Folian – grandfather of the current CFO Daniel Folian. What once began as a commodity trading company specialising in compensation transactions between Central and Eastern Europe has developed into a significant real estate development and investment company in this region.
In the beginning, Warimpex Handels GmbH consisted only of a small desk and a telephone in a rented room in Vienna's city centre. The name was derived from the original business purpose of importing and exporting goods (from the German words "WAren IMport und EXport". Warimpex's know-how in the respective markets and the excellent business contacts, which are still valuable today, also stem from these early days.
In 1979, 20 years after its founding, Warimpex began to focus increasingly on the development of hotel properties in the CEE region. The first hotel was developed in Budapest and sold three years later.
Warimpex Finanz- und Beteiligungs AG, which specialises in project development and investment, was founded in 1986. In the years that followed, the company grew rapidly by expanding its real estate portfolio and developing numerous new projects – mainly five- and four-star luxury and business hotels and office buildings.
The next important step followed in 2007: Warimpex went public and has since been listed on the Vienna and Warsaw stock exchanges.
Following the partial portfolio sale of eight hotel holdings in 2017, Warimpex is now once again focusing on building up its real estate portfolio and strengthening its earnings potential. This is on the one hand being done by completing ongoing development projects and driving forward new projects, and on the other hand by acquiring cash-flow generating assets with future potential.
To date, Warimpex has developed 44 real estate projects with a total value of more than one billion euros.