On 27 August 2018, Germany’s Financial Supervisory Authority (BaFin) approved the sales activities of IMMAC Irland Sozialimmobilien I Renditefonds GmbH & Co. KG geschlossene Investmentkommanditgesellschaft.
As of 01 June 2018, Stephen Gallagher has been in charge of property acquisitions in Ireland on behalf of the IMMAC group in his new role as Director of IMMAC Capital (Ireland) Ltd.
Profunda Vermögen GmbH signed as term sheet with the Zurich-based Arundel AG concerning a reverse merger of Arundel, IMMAC Holding AG and HKA Hanseatische Kapitalverwaltung AG that will be effective as of 29 March 2018.
