Meinl European Land Group (Investment Fund)
Profile: acquisition, development, ownership, operation, leasing of retail properties in Central and Eastern Europe
Background: The company was established in 1997 as a spin off of Julius Meinl International’s retail properties. The Julius Meinl Group started its development and traditions in Real Estate sphere back in 1862. Listed on the Vienna Stock Exchange, 100% free-floated (more than 35,000 shareholders). In the following years, further objects were bought, developed and rented to international retail companies such as Rewe, Ahold or Tengelmann
Focus: commercial real estate in Eastern Europe and Russia.
Latest acquisitions: 2 real,- hypermarkets in Moscow (size of deal: 400 Mln EUR)
Key Data:
Base of Company: St Helier, Jersey
Stock Exchange: Vienna Stock Exchange, Official market
Market Capitalization: EUR 2,8bn
IPO: 21.November 2002
Operational Data including Commitments which will be completed until 2007:
Number of properties: 170
Fixed Assets: EUR 2,6bn
Lettable Area approx 1.500.000 m2
Revenue annually approx EUR 245m
Portfolio target until YE 2009: EUR 7bn