IMFARR is a family business, owned by Nemat Farrokhnia, which specialises in real estate development and investment.
Since its founding in 2007 the company has focused on developing unique real estate projects in major Austrian and German cities, such as Vienna, Leipzig, Frankfurt and Munich.
The company structure and the particular expertise of the founders and the core team, enable IMFARR to realise complex projects and to adapt appropriately to changing market conditions.
IMFARR acquired the Omegahaus in the course of an international bidding process that took several months.
The remarkable building, which consists of four parts, will be refurbished in close cooperation with the City of Offenbach/Main. The project offers up to 82,000 m² gross floor area and will be developed for a broad range of potential tenants.
Completion is planned for spring 2023.
Under the title “Leipzig 416”, the City of Leipzig is working together with the company Leipzig 416 GmbH on the development of a new part of the city, in which a GFA of 350,000 m² is to be created.
In the next few years, a green quarter is to be built on the area along Delitzscher Straße / Eutritzscher Straße. As well as a residential development the aim is also to provide commercial space. To realise this ambitious project we are working together with local engineers and many other regional businesses.
IMFARR is developing the two properties, which are located close to the city center and have convenient transit connections. The buildings will be extensively refurbished, creating high-quality office space. The roof-top level of Lassallestraße 1 will also be extended to provide an additional 3,000 m². The original facades by internationally acclaimed architect Wilhelm Holzbauer are to be preserved.
With a gross floor area of around 120,000 m², the two properties offer intelligent office concepts and excellent connections to the urban infrastructure.
The location at the beginning of the Mariahilfer Straße, Austrias longest shopping street, benefits the property in terms of a lively neighborhood, modern retail and optimal connections to public transportation (U3 and the planned U5). The building is characterized by its representative, historical appearance dating back to the start of the 20th century, in the typical Viennese architecture style of that time. The high frequency and its central location make the project an attractive spot for a wide range of tenants.
The property offers a total lettable area of ca. 16,000 m² and is almost fully let. On reaching full occupancy, MH 47 will achieve an annual rent of ca. €5.5m.
Nemat Farrokhnia, the owner of the IMFARR Group, began his career in a London investment bank where he advised on various M&A transactions in the real estate sector. In 2007, Mr Farrokhnia founded IMFARR Beteiligungs GmbH, in which, as Managing Partner, he is responsible for the group’s strategy.
Nematollah Farrokhnia held leading positions in the Austrian construction company STRABAG for over 30 years and made an important contribution to the company’s development. He was Global CEO of the Renaissance Group and also served on the PORR Group’s Supervisory Board. He contributes his immense knowledge and wide-ranging experience as Senior Technical Advisor.
Ernst Gassner, Managing Director of the IMFARR Group, has more than 24 years of experience in real estate finance, development and management. He started his career in the banking sector, later moving to the real estate sector. His work at UBM, where he spent over 10 years in leading positions, also deserves mention.
Matthias Euler-Rolle is a shareholder in IMFARR Beteiligungs GmbH. After working for almost 20 years in media & communications, in 2013 he switched to politics, where he was a spokesman for Austria’s Federal Chancellery. Since 2016 he has been running various types of companies together with Austria’s former prime minister, Werner Faymann.
Michael Koschier manages the technical agendas of the IMFARR Group. With many years of experience in large-scale project development, he has been able to build up an impressive track record of more than 1,000,000 m² of developed floor space.
Jürgen Wöss, IMFARR’s Head of Corporate and Project Finance, has an impressive 16 years of banking experience and expertise. His previous activities have included leading various deal teams in capital market transactions, as well as structuring project financing.
As Head of Real Estate Management & Legal, Christian Strauss is responsible for the transaction and asset management of the IMFARR Group. Prior to that, he directed the Real Estate Management of UniCredit Bank Austria AG for 13 years and, in addition to his work in Austria, also realized projects in CEE and for HVB in Germany.
Imfarr Beteiligungs GmbH
1010 Vienna, Austria
+43 1 39 10 900
Leipzig 416 Management GmbH
Brühl 74, 04109 Leipzig
+49 (0) 341 247 441 40
+43 (0) 174 167 729 6