| 1997 |
Founding of Meinl European Land
Meinl European Land was founded in 1997 under the name „Central European Land Limited“ and takes over a portfolio of 60 property in the Czech Republic and Hungary. In 2002, the name of the Company altered to „Meinl European Land Limited“. |
| 2002 |
Listing on the Vienna Stock Exchange & first Capital Increase
In November 2002 the Company was listed on the Vienna Stock Exchange and effected its first capital increase in the same time. This capital increase was the basis for the following dynamic expansion, which was accompanied by several new issues of shares and also bonds. |
| 2003 |
New projects with a value of 140 million Euro in the Czech Republic & Hungary
During the year 2003 Meinl European Land acquires more than 60 new properties with a total value of 10 million Euro in the Czech Republic and Hungary. The projects have been financed by 2 new capital increases which have generated 70 million Euro proceeds and by the issue of bonds in a nominal value of 50 million Euro. |
| 2004 |
Meinl European Land - 4 new markets
Meinl European Land signs the contracts for several additional properties and enters 4 new markets: Poland, Russia, Romania and Slovakia. At the year-end, the market value of the portfolio reaches 530 million Euro. New projects have been financed again by new shares / certificates and bonds. |
| 2005 |
Portfolio value including Commitments reaches already 2 billion Euro – Meinl European Land now present in 8 CEE countries
The Company continues its dynamic expansion and signs the contracts for properties with a total value of 1.4 billion Euro. Projects in a total value of 1 billion Euro in Russia, Poland, Latvia and Turkey will be developed during the next 2 years. The projects shall be financed again by a combination of debt and equity capital. In order to secure the full financing of the projects the Company has effected new capital increases. In addition the Company issued in July 2005 a Medium Term Note Program in a total nominal value of 1 billion Euro. |
| 2006 |
Meinl European Land active in 11 countries - Investment grade rating
Again Meinl European Land continues its expansion by acquiring new projects in countries where the Group is already present and by expanding to new markets. Meinl European Land concentrates preliminary on the own property development. In order to finance the project pipeline Meinl European Land has effected new capital increases and issued 150 million "partly paid shares" which have been subscribed by institutional investors.
In Summer 2006 Meinl European Land initiates a Medium Term Note Program with a total value of up to EUR 2 billion. Until YE2006 bonds with a nominal value of EUR 600m have been issued under this program. Unlike bonds issued previously the new bonds of Meinl European Land will be not secured, which underlines the financial strength of the Company. Furthermore the Group obtained an "investment grade" rating from Fitch and Standard & Poors. |
| End 2007 |
Signifikant portfolio growth expected fort he coming years
As of YE 2007 the portfolio includes 160 operating properties with a market value of approx. EUR 1.8bn and 34 committed development projects with an expected invement value of EUR 3.4bn. Furthermore the group has secured landplots with a total area of 1,5mio sqm. |
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