Warimpex was founded in the year 1959 by Stefan Folian – grandfather of today’s CFO Daniel Folian. At the beginning the company consisted of only a small desk and a telephone in a rented room in the centre of Vienna and focused mainly on barter trading with CEE. The origin of the name Warimpex derives from the German abbreviation of Ware (goods/wares) Import-Export. It’s from these early days that Warimpex’s know-how of the respective markets and the excellent business contacts arise and are still valuable today.
In 1979, 20 years after its foundation, Warimpex began to focus more on hotel properties and real estate in Central and Eastern Europe. The first hotel was developed in Budapest and sold three years later. Ever since then it has always been Warimpex’s business strategy to develop projects and operate them until the time at which the highest added value can be realized through sale.
In 1986 the foundation of Warimpex Finanz- und Beteiligungs AG specialized in project development and investment took place. Since then the company has grown rapidly through the expansion of its real estate portfolio and the development of numerous new projects – mainly five- and four-star luxury and business hotels as well as office buildings – with a total volume of more than one billion euros.
In the year 2007 the next important step followed: Warimpex went public and is since then listed on the Vienna and Warsaw stock exchanges.
Following the major sale of eight hotel holdings in 2017, Warimpex is now focusing on building up its property portfolio again by completing ongoing development projects, quickly getting new projects up and running and acquiring cash flow-generating assets with potential for the future. In 2019, the year of Warimpex’s 60th anniversary, there are still some important milestones on the company’s agenda, reaching from one or two sales and an important acquisition to the opening of a newly developed office property in Poland.