Press Releases
You can find our current press releases here. For press enquiries, please contact us directly by e-mail and we will get back to you as soon as possible.
2026
Warimpex: 2025 delivers significantly improved results
Vienna/Warsaw, 29 April 2026 – Warimpex saw a clear upward trend in the 2025 financial year, with the consolidated result improving from EUR -16.5 million to EUR -2.4 million, supported by an increase in office letting income (from EUR 13.2 million to EUR 14.3 million) and a positive property remeasurement result (from EUR -8.3 million to EUR 4.2 million)…
Main tenant at Mogilska 43 Office in Kraków renews lease
Kraków/Vienna, 12 March 2026 – The main tenant of the Mogilska 43 Office Building – an international company that is a leader in the chemical industry – has decided to extend its lease for another term. The company’s office occupies approximately 5,000 sqm of modern office space that is fully tailored to the needs of their personnel…
Start of construction for the MOG31 residential building in Kraków
Kraków/Vienna, 4 March 2026 – Warimpex has begun construction of the MOG31 residential building in Kraków. Located at 31 Mogilska Street, this investment is the company's first residential project in Poland. Completion is scheduled for mid-2028…
Warimpex launches sales of apartments in the MOG31 residential building on 31 Mogilska Street in Kraków
Kraków/Vienna, 13 January 2026 – Warimpex, an international real estate development company with more than 60 years’ experience in developing property projects across Europe, has launched the sales of apartments in its MOG31 development in Kraków. This marks the company’s first residential project in Poland, designed in response to current market needs: comfortable living in well-connected, modern spaces, as well as capital investment in the most attractive urban locations…
2025
Warimpex obtains building permit for its first residential development in Poland
Vienna/Kraków, 27 October 2025 – Warimpex has obtained a building permit for its latest project, and at the same time, its first residential development in Poland – MOG31, located at 31 Mogilska Street in Kraków, with a total area exceeding 8,000m2. This marks a key milestone in the implementation of an investment that will soon enrich one of the city’s main arteries with a modern, multifunctional residential building constructed at the highest standards and in line with the principles of sustainable development…
EUR 4.9 million bond successfully placed in Poland
Vienna, 29 September 2025 – Warimpex Financing PL Sp.z.o.o., a wholly owned subsidiary of Warimpex Finanz- und Beteiligungs AG, which is listed on the stock exchanges in Vienna and Warsaw, has successfully issued an unsecured bond in Poland with a total volume of roughly EUR 4.9 million (PLN 21 million). The bond has a term of three years, a margin of 5.5 per cent, and will primarily be used to finance ongoing project developments in Poland…
Improved result for the period and revenue jump for offices
Vienna/Warsaw, 29 August 2025 – Warimpex increased its revenues from offices by 14 per cent in the first half of 2025, and EBITDA also remained solidly in positive territory at EUR 0.6 million. The result for the period improved significantly from minus EUR 8.8 million in the previous year to minus EUR 3.0 million. The market conditions continued to be shaped by stagnation in the EU and geopolitical uncertainties…
Cowork by Memos expands in Łódź and Kraków
Vienna, 11 June 2025 - Cowork by Memos, a network of flexible office spaces owned by the Warimpex Group, is expanding its locations in Poland. Responding to rising demand, the company will add 1,500 sqm of coworking space across Kraków and Łódź by the end of the year…
New tenant will occupy 3,000 sqm at Warimpex's Mogilska 35
Vienna, 4 June 2025 - Warimpex announces the signing of a lease with a new U.S.-based tenant at the Mogilska 35 Office building in Krakow. The financial services company, which specialises in international money transfers, will move into the approximately 3,000 sqm office later this year…
Warimpex 2024: Positive revenue trend; result impacted by exit from Russia
Vienna/Warsaw, 29 April 2025 – The Warimpex Group achieved a positive operational performance in line with expectations in 2024, with revenues improving by 14 per cent to EUR 21.5 million and EBITDA remaining clearly positive at EUR 1.1 million. However…
2024
Warimpex Q1–Q3: Stable operating performance, but exit from Russia impacts result
Vienna/Warsaw, 29 November 2024 – In the first three quarters of 2024, the Warimpex Group increased its total revenues excluding Russia by 13 per cent to EUR 15.7 million and achieved a positive operating result (EBITDA). However, measurement losses in connection with the sale of the Russian subsidiaries and property valuations outside of Russia as well as the negative financial result had a negative impact on the profit or loss for the period: All in all,…
Warimpex withdraws from Russia
Vienna/Warsaw, October 31 2024 – Warimpex Finanz- und Beteiligungs AG has sold its last remaining project in Russia, the AIRPORTCITY St. Petersburg, and is therefore no longer active in the Russian market. Most recently, Warimpex held 100% of the AIRPORTCITY St. Petersburg with three office properties, a multifunctional building, a hotel, and land reserves via various Russian companies. Contracts were signed…
Warimpex: Impairments weigh down half-year results despite stable revenues
Vienna/Warsaw, 30 August 2024 – The first half of 2024 continued to be shaped by difficult market conditions, with high interest rates, elevated prices, and in part lower property valuations. On the whole, this resulted in a loss for the period of EUR 8.8 million for Warimpex despite stable revenues. An initial turning point was seen when the ECB lowered the key rate in June 2024. “Despite the continuing challenges,…
Warimpex office buildings with WELL Health-Safety certification
Lodz, August 6, 2024 - Today's office tenants attach great importance to comfort and health-promoting solutions in buildings. These needs are noted by Warimpex, which has achieved WELL Health-Safety certification in the Mogilska 35 Office building in Krakow, as well as renovated it in the Mogilska 43 Office building in Krakow and the Ogrodowa 8 Office building in Lodz.
The smell of fresh bread and coffee at Ogrodowa 8
Lodz, July 12, 2024 - The chain GORĄCO POLECAM. SMAKI Z PIEKARNI has opened a bakery in the Warimpex-owned Ogrodowa 8 Office building, in the heart of Lodz. Since the beginning of the vacations, residents of Lodz can enjoy the new establishment's wide menu of healthy baked goods, including breads, baguettes, sandwiches, sweet and savoury snacks, as well as coffee and cool drinks.
Cowork by Memos opens another floor in Lodz's Red Tower
Lodz, June 3, 2024 - Today's office space tenants prioritize flexibility. Due to the ever-increasing demand for renting small serviced offices and hot desks, the owner of the Red Tower office building in Lodz, Warimpex, has decided to expand its coworking offer. Since May, there has been a coworking space on the eleventh floor, which, like the others, is managed by Memos.
Warimpex starts off 2024 with stable operating results
Vienna/Warsaw, 29 May 2024 – Warimpex is starting off the year 2024 in a persistently challenging market environment characterised by high interest rates and elevated prices. This is reflected in a weaker profit for the first quarter compared with the same period of the prior year, moving slightly into negative territory (Q1 2024: EUR -0.8 million, Q1 2023: EUR 1.4 million)…
Warimpex in 2023: Positive operating result, but significant measurement losses
Vienna/Warsaw, 29 April 2024 – The high interest rate levels and elevated construction costs posed a tremendous challenge for the entire real estate sector last year, and Warimpex was no exception to this trend. Nevertheless, the company generated a clearly positive operating result, with a 10 per cent increase in revenues to EUR 49.7 million. This success is contrasted by significant property valuation losses totalling EUR 38.3 million, which can be attributed above all to the development of interest rates and the effects of the conflict in Ukraine. Thus, the result for the period fell from EUR 42.9 million in the previous year to minus EUR 23.8 million.
Red Tower office building in Lodz with BREEAM certificate
Łódź, April 22, 2024 - The Red Tower, a Lodz office building that has been on the city's map since the 1970s and has been owned by Warimpex since June 2022, has obtained BREEAM environmental certification. The certificate is a testimony to the fact that the measures taken by Warimpex have contributed to the investment's compliance with the high requirements for sustainable development in construction.
Warimpex successfully closes sale of Palais Hansen stake
Vienna, 13 March 2024 – After holding an interest in the project company for Palais Hansen located on Vienna’s Ringstrasse boulevard for over ten years, Warimpex Finanz- und Beteiligungs AG announces the sale of its 9.88 per cent stake to Wiener Städtische Versicherung, which is now the 100% owner of the property. The sale was concluded together with the consortium partner UBM Development AG. The parties agreed that the purchase price would not be disclosed.
Mogilska 35 Office with BREEAM certificate on Excellent level
Krakow, 7 February, 2024 - Warimpex's latest development, an office building located in Krakow at Mogilska 35, has been awarded the BREEAM In-Use certificate at the Excellent level. It is a certificate of compliance with the high requirements for sustainable development in construction.
2023
Clearly positive result for Warimpex after three quarters
Higher occupancy rates lead to 16 per cent increase in revenue, 5 per cent improvement in EBITDA
Mogilska 35 Office in Krakow completed according to plan after reporting date
Future project in Darmstadt: new zoning plan in force...
Mogilska 35 Offices in Krakow officially opened
Kraków/Vienna, 24 November 2023 – Yesterday Warimpex celebrated the opening of its third office building in Kraków, the Mogilska 35 Offices. The taxonomy-compliant property has 11,900 m² of space, is located in the immediate vicinity of the city centre and is named after its address on Mogilska Street...
Warimpex Group sees revenue growth in first half of 2023
For Warimpex, the first half of 2023 was characterised by a further improvement in revenues and EBITDA and the progression of the construction activities in Krakow as planned. While a recovery is evident in the Hotels segment, interest rates remain high, property valuations are subject to high volatility, and the Russian rouble is being impacted by currency fluctuations. The currency has depreciated compared with the first half of 2022. Nevertheless, the Warimpex Group is reporting a slight profit of EUR 0.2 million.
Warimpex starts 2023 off with good operating metrics
The business operations of the Warimpex Group expanded noticeably in the first quarter of 2023 with revenue growth of 52%. Particularly the performance of the hotels improved following a weaker prior-year period due to the pandemic, and revenues in the office segment also increased significantly thanks to the higher occupancy rates in Poland and newly let spaces in St. Petersburg. At the same time,...
Warimpex generates profit of EUR 42.9 million in 2022
Vienna/Warsaw, 27 April 2023 – The Warimpex Group achieved a positive operational performance in 2022. A look at the financial metrics shows that nearly every key indicator improved significantly versus the prior year. The profit for the period for the Warimpex Group increased from EUR 12.0 million to EUR 42.9 million. The positive development can be attributed primarily to higher occupancy at the office properties in Poland and the first-time full consolidation of an office property in St. Petersburg.
Topping out ceremony at the Mogilska 35 Office building in Kraków
On 22 February the topping-out ceremony for the latest Warimpex development, Mogilska 35 Office, took place in Kraków. The shell construction of the office building, named after its address at 35 Mogilska Street, has now been finished. Final completion of the building is planned for later this year. A total of 11,900 square metres of rentable space will be created, which will meet the highest standards in terms of sustainable design and ecological construction. Warimpex is currently in negotiations regarding the leasing of the office space.
2022
Warimpex improves result for first three quarters of 2022 significantly
In the first three quarters of the year, the Warimpex Group improved all of its key financial metrics versus the prior-year period. The profit for the period increased from EUR 2.6 million to EUR 13.6 million. These developments can primarily be attributed to the following factors: higher occupancy at the office properties in Poland; the full consolidation of an additional office property in St. Petersburg; an improvement in occupancy rates at hotels, particularly in comparison to the previous year, which was still significantly impacted by COVID-19; and not least the strength of the Russian rouble.
Warimpex posts profit of EUR 13.4 million for the first half of 2022
The Warimpex Group is pleased to report positive operating performance for our office properties and hotels in the first half of 2022. Revenues from office property rental and from hotel operations improved in annual comparison. Two transactions were also successfully closed in June, one being the sale of the B52 office building in Budapest with over 5,200 square metres of net floor space under a share deal.
Warimpex acquires office building in Łódź
Warimpex has acquired the Red Tower office building with a total area of more than 12,000 square metres in the Polish city of Łódź. The transaction was closed at the end of June 2022. This is Warimpex’s third investment in Łódź, following the andel’s hotel and Ogrodowa Office.
Warimpex sells B52 Office in Budapest
Warimpex announces the sale of B52 Office in Budapest to Semmelweis University. The contracting parties have agreed on a purchase price of EUR 12.575 million for the fully occupied office building with a total area of more than 5,200 square metres. The transaction was successfully completed on 29 June 2022.
Negative result for the first quarter of 2022
The business operations of the Warimpex Group developed positively in the first quarter of 2022. Particularly the performance of the hotels improved following a weaker prior-year period due to the pandemic, and revenues in the office segment also increased significantly. Nevertheless, measurement losses on Russian properties and losses from changes in the foreign exchange rate for the rouble led to a loss of EUR 4.4 million for the first quarter of 2022, compared with a loss of EUR 0.5 million in the previous year.
Warimpex generates positive result for 2021
Vienna/Warsaw, 27 April 2022 – The Warimpex Group achieved a positive operational performance in 2021. The hotel segment saw a particularly solid recovery compared with the weak year caused by the pandemic in 2020 and in the office segment, properties with long-term leases that are contractually assured generated ongoing cash flows. Along with obtaining important building permits for development projects in Poland, the company started the construction of Mogilska 35 Office in Krakow. New leases were concluded in Budapest and Krakow, so B52 Office and Mogilska 43 Office are both fully occupied now. The overall occupancy rate for the office properties is 96 per cent. The Warimpex Group’s result for the period improved significantly, going from a loss of EUR 31.1 million to a gain of EUR 12.0 million.
Warimpex holds 100 per cent of Jupiter Towers at AIRPORTCITY St. Petersburg after acquisition of additional shares
Vienna/Warsaw, 13 January 2022 – Warimpex Finanz- und Beteiligungs AG is pleased to announce the acquisition of a 56 per cent stake in the two Jupiter Towers at AIRPORTCITY St. Petersburg. All of the prerequisites for the closing were satisfied and the transaction was closed on 28 December 2021. As a result, Warimpex not only holds a 100 per cent stake in AVIELEN, which developed AIRPORTCITY St. Petersburg, but now 100 per cent of all the buildings at AIRPORTCITY St. Petersburg, as well. The project generates an operating cash flow of roughly EUR 8 million per year.
2021
Warimpex starts construction of Mogilska 35 Office in Krakow
The real estate development and investment company Warimpex has started the construction of another office building in the Polish city of Krakow, Mogilska 35 Office, with approximately 11,000 sqm of space and a completion date set for the first half of 2023.
After acquisition of shares: Warimpex holds 100 per cent of AIRPORTCITY St. Petersburg
Warimpex Finanz- und Beteiligungs AG is pleased to announce the acquisition of a 10 per cent stake in the project company AO AVIELEN A.G. The seller is UBM Development AG, which has now fully withdrawn from the project. The parties involved agreed not to disclose the price. Warimpex now holds a stake of 100 per cent in AVIELEN, the project company responsible for the development and operation of AIRPORTCITY St. Petersburg.
Warimpex generates positive result for third quarter
The Warimpex Group achieved a solid operational performance in the first three quarters of 2021. The hotel segment in particular recovered versus the previous year and there are also successes to report on the office and development side, with two new lease agreements and the start of construction on a property.