Warimpex

What Warimpex does

Warimpex Finanz- und Beteiligungs AG is a Vienna-headquartered real estate development and investment company that develops, operates, and ultimately sells office, hotel, and—most recently—residential properties across Central and Eastern Europe. Founded in 1959 as a trading firm and listed on the Vienna and Warsaw Stock Exchanges since 2007 (ticker WXF), the company reports primary operations in Poland (Kraków, Łódź, Warsaw) and Germany (Darmstadt), with historical footprints in Hungary, the Czech Republic, and—until October 2024—Russia via the AIRPORTCITY St. Petersburg complex. The portfolio today comprises roughly nine office buildings (including Mogilska 35, Mogilska 43, Mogilska 41, Ogrodowa Office, Red Tower, and the planned West Yard 29), three branded hotels (ibis Styles Darmstadt, greet Hotel Darmstadt, Hotel InterContinental Warsaw), the MOG31 residential development in Kraków, and the Cowork by Memos coworking sub-brand. Asset quality is positioned around sustainability certifications (BREEAM In-Use Excellent, WELL Health-Safety, LEED Gold, Green Key), and the management team—led by CEO Franz Jurkowitsch since 1986—runs an explicit develop-operate-sell model intended to maximize value uplift before disposal.

The business generates revenue from three streams: property development and sale (one-time gains on disposal), recurring office letting income, and hotel operations. Disclosed FY2024 revenue was EUR 21.5 million, up 14% year-over-year, with 2025 office letting income of EUR 14.3 million (up from EUR 13.2M). The 2025 consolidated result improved to EUR -2.4 million from EUR -16.5 million in 2024, supported by a swing in property remeasurement from EUR -8.3 million to EUR +4.2 million. Capital structure includes a EUR 4.9 million Polish bond issued in September 2025 (5.5% margin, 3-year) and a small share buyback executed in 2019-2020. Distribution is direct to enterprise tenants via in-house local teams and to investors via direct property sales and broker partnerships (e.g., Leach & Lang Property Consultants for MOG31 apartments, Colliers and Cushman & Wakefield as tenant-side advisors on leasing transactions).

Name

Warimpex

Legal name

Warimpex Finanz- und Beteiligungs AG

Website

https://warimpex.com

Company type

Public

Founded year

1959

Operating status

Operating

Headcount range

51–100 employees

Short description

Warimpex is a Vienna-listed real estate developer and investor that develops, operates, and sells office, hotel, and residential properties—primarily in Poland and Germany—until optimal exit value is achieved.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Budget Hotel Chains & Franchises (THAGABAM)

Keywords

• Commercial real estate development
• Office property investment
• Hotel property development
• Sustainable building development
• Real estate asset management

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Property Development and Sale: Warimpex develops real estate properties (offices and hotels) and operates them until the highest value added can be achieved through sale. Revenue is generated from property sales, rental income from office properties, and hotel operations.
2. Office Property Rental: Office letting income from properties in Poland and Germany. In 2025, office letting income was EUR 14.3 million, up from EUR 13.2 million in 2024.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Warimpex is a Vienna-based real estate development and investment company that develops office and hotel properties in Central Europe (primarily Poland and Germany) and operates them until the highest value can be achieved through sale. The company also develops residential properties, manages a coworking brand (Cowork by Memos), and earns revenue from property sales, rental income, and hotel operations.

Product overview

Warimpex is a real estate development and investment company that develops and operates office buildings, hotels, and residential properties across Central and Eastern Europe, primarily in Poland and Germany. The portfolio includes office buildings (Mogilska 35, Mogilska 43, Mogilska 41, Ogrodowa Office, Red Tower, West Yard 29), hotels (ibis Styles Darmstadt, greet Hotel Darmstadt, InterContinental Warsaw), and its first residential project (MOG31). The company operates a coworking brand called Cowork by Memos. Warimpex develops properties to achieve optimal value before sale, while maintaining operational assets.

Differentiator

Problem solved

Functional benefit

Products and services

• Mogilska 35 Office Taxonomy-compliant office building in Kraków, Poland with 11,900 m² of rentable space near the city centre, achieving BREEAM In-Use certification at Excellent level and WELL Health-Safety certification.
• Mogilska 43 Office Office building in Kraków, Poland fully occupied by enterprise tenants including an international chemical industry leader (approximately 5,000 sqm). Features WELL Health-Safety certification and houses the Cowork by Memos coworking space.
• Mogilska 41 Office Office building development in Kraków, Poland, part of Warimpex's office portfolio in the city.
• Ogrodowa Office Modern office building in Łódź, Poland featuring BREEAM In-Use certification with Excellent rating and WELL Health-Safety certification. Tenants include T-Mobile (approximately 2,400 sqm), Intereko Energia, and Miele Experience Center.
• Red Tower Office building in Łódź, Poland acquired in 2022 with over 12,000 m² of space. Holds BREEAM environmental certification and hosts coworking spaces. Hosts Poland's first Credit Agricole Advisory Centre.
• West Yard 29 Office development project in Darmstadt, Germany as part of the Telekom City area, with potential for maximum 77,500 square metres under new zoning plans.
• ibis Styles Hotel Darmstadt Hotel property in Darmstadt, Germany operating under the Accor group's ibis Styles brand.
• greet Hotel Darmstadt Eco-lifestyle conference hotel in Darmstadt, Germany operated under Accor's greet brand — the first greet brand hotel in Northern Europe. Achieved Green Key certification. Managed by Cycas Hospitality for Warimpex.
• Hotel InterContinental Warsaw
• MOG31 Residential Building First residential development project in Poland, located at 31 Mogilska Street in Kraków with total area exceeding 8,000 m². Construction started March 2026, completion scheduled for mid-2028. Sales coordinated with Leach & Lang Property Consultants broker.
• Cowork by Memos Network of flexible office spaces and coworking locations owned by the Warimpex Group, operating in Kraków, Łódź, and Darmstadt with features including local art installations.

Quantifiable outcome

• Office letting income increased from EUR 13.2 million to EUR 14.3 million (8% increase)
• +2 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core.

• CollierscoreChannel Partner/ Reseller/ Distributor · 1 January 2025Colliers advised Avenga on its transaction at Mogilska 35 Office in Kraków.
• Cushman & WakefieldcoreChannel Partner/ Reseller/ Distributor · 1 January 2025Cushman & Wakefield experts supported T-Mobile in selecting the location and negotiating terms for its lease at Ogrodowa Office in Łódź.
• Leach & Lang Property ConsultantscoreChannel Partner/ Reseller/ Distributor · 1 January 2024Leach & Lang Property Consultants is the broker coordinating apartment sales at MOG31 residential project in Kraków.
• UBM Development AGcoreStrategic or Co-development Partner · 2 April 2019UBM Development AG was Warimpex's long-term consortium partner on various projects including Palais Hansen and AIRPORTCITY St. Petersburg. UBM has fully withdrawn from projects.
• Cycas HospitalitycoreChannel Partner/ Reseller/ Distributor · 1 April 2019Cycas Hospitality manages the greet Hotel Darmstadt for Warimpex.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Globe Trade Centre (GTC): GTC is a CEE commercial real estate developer and investor with a portfolio of office and retail properties across Poland, Hungary, Romania, and Serbia. Closely comparable to Warimpex given overlapping Polish office exposure and CEE investment strategy.
• Globalworth Real Estate Investments: Globalworth is a CEE-focused office real estate investor and developer with assets in Poland, Romania, and other regional markets. Comparable to Warimpex due to its office-focused portfolio concentrated in Polish cities.
• Immofinanz AG: Immofinanz is an Austrian commercial real estate company with a portfolio spanning Austria, Germany, Poland, Czech Republic, Hungary, and Romania. Direct peer due to its Vienna listing and overlapping CEE office portfolio.
• CA Immobilien Anlagen AG: CA Immobilien Anlagen AG is an Austrian listed real estate investment company focused on commercial properties in Germany, Austria, and CEE. It is a direct peer as a Vienna-based publicly listed commercial real estate investor with overlapping geography.
• UBM Development AG: UBM Development AG is an Austrian real estate developer that was Warimpex's long-term consortium partner on projects including Palais Hansen and AIRPORTCITY St. Petersburg. Both companies operate in the CEE hotel and office development space with comparable Central European project profiles.
• Echo Investment SA: Echo Investment is one of Poland's largest real estate developers with offices, residential, and hotel projects across the country. Comparable to Warimpex as a Polish real estate developer with mixed-use office and residential exposure.

Emerging players

• Atenor SA: Atenor is a Belgian real estate developer with growing operations in CEE countries including Hungary, Romania, and Poland. Emerging peer given its expanding footprint in similar secondary CEE markets as Warimpex.

Broad incumbents

• CPI Property Group: CPI Property Group is one of the largest CEE real estate owners with a diversified portfolio of offices, retail, hospitality, and residential across the region. Broader incumbent peer given its scale advantage versus Warimpex but similar geography.

Others

• Accor SA: Accor is the hotel operator whose ibis Styles and greet brands operate at Warimpex-owned properties in Darmstadt. Relevant as the operating partner for Warimpex's European hotel portfolio rather than as a direct property competitor.
• InterContinental Hotels Group: InterContinental Hotels Group operates the InterContinental brand at Warimpex's flagship Warsaw property. An adjacent ecosystem participant given its role as Warimpex's hotel brand operator.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/warimpex

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Warimpex