In addition to the traditional areas of business such as residential properties, offices, retail space and logistics facilities, IMMOFINANZ is developing market positions in the area of self-storage. This service involves the letting of warehouse space to private households, normally in very small units (beginning with 1 sqm).

The self-storage markets in the USA, Great Britain and Scandinavia have already reached impressive dimensions, but are still in the early stages of development in Continental Europe. The rising cost of apartments, lack of storage areas and space required to store household goods that are not used every day translate into high rates of growth.

IMMOFINANZ entered this area of business in 2005 with the purchase of a stake in SelfStorage – Dein Lagerraum, the Austrian market leader. This company is currently expanding at a rapid pace on the German market. In April 2007 IMMOFINANZ acquired a 90% stake in the Dutch selfstorage company City Box. Detailed information on SelfStorage – Dein Lagerraum and City Box is provided in the section “Subsidiaries and investments in other companies”.

IMMOFINANZ will continue to invest in the self-storage sectors of other European cities and thereby move beyond its geographical core market. In a next step, this business will be spun off from the three regional holding companies and combined into a separate sector holding company.

A, Vienna, SelfStorage – Dein Lagerraum, Grenzackerstrasse