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Austria

CA Immo exits Romanian market

With the sale of a 165,000 m² seven building office portfolio in Bucharest CA Immo completely exits the Romanian market. Along with the properties, the Romanian CA Immo team, will continue to look after the portfolio and its tenants, was also taken over by the buyer Pavăl Holding.
Wednesday, 23. November 2022

Nominees for "Hotel Innovation Award 2022“ have been selected

For the "Hotel Innovation Award 2022“, which will be presented for the first time during the 196+ Forum Vienna conference, the interdisciplinary jury of experts has nominated ten hotels or hotel groups among 14 applicants from five European countries. The award ceremony will take place during the gala dinner on Monday, Novemb...
Friday, 18. November 2022

VGP develops distribution center for Amazon near Graz

VGP Group is developing and constructing a distribution center and parking garage for the online retailer Amazon at VGP Park Graz in Premstätten. Beginning of November, VGP, Amazon and HT-GU Bau celebrated the opening of the construction site together with the mayor of Premstätten Matthias Pokorn.
Thursday, 17. November 2022

Winegg buys Vienna office properties from Immofinanz

Immofinanz has successfully completed the sale of additional office properties. Two office buildings in Vienna were sold to the Austrian Winegg Group for an a„ttractive market price“ of approximately €60 million, said the company.
Wednesday, 9. November 2022

European transactions become more complex

Real estate transactions in Europe are becoming more complex. This is the conclusion reached by a study conducted by Drooms. In the study, the company evaluated more than 4,000 transactions that took place between 2019 and 2022 as well as surveying around 170 real estate experts in Europe.
Wednesday, 26. October 2022

Garbe opens branch in Vienna

Garbe Industrial Real Estate GmbH has opened a branch in Vienna and will be expanding its activities in Austria. Garbe now operates 16 branch offices across Europe, including in the Netherlands, France, Italy, the United Kingdom, the Czech Republic, Poland and Slovakia in addition to its home market of Germany.
Tuesday, 25. October 2022

Unsettled mood in Europe’s retail markets

In a tough trading environment, retail markets across Europe have been affected in varying degrees by the direct and indirect impacts of price increases that are being driven by shortages of raw materials and higher energy costs and amplified by the war in Ukraine, which has now been raging for more than six months.
Monday, 24. October 2022

Caerus provides €67.5m for Vienna hotel redevelopment

Caerus Debt Investments AG has granted a loan of €67.5 million to refinance the refurbishment and reconfiguration of a historic city palace in Vienna into a 5-star hotel and twelve exclusive apartments. The first-ranking secured senior loan is for a term of four years.
Tuesday, 27. September 2022

Ten hotels nominated for Hotel Property Award 2022

For the „Hotel Property Award 2022“, which will be presented at the 196+ hotelforum conference on Thursday, October 6, the interdisciplinary jury of experts has nominated ten hotels from among 36 applicants from seven European countries.
Wednesday, 7. September 2022

Zara opens Austria’s most modern flagship store at Europark Salzburg

Europark Salzburg, owned by operator SES Spar European Shopping Centers, has once again proven that it is one of the most important brick-and-mortar retail locations in Austria. The Inditex Group opened its brand new, expanded Zara flagship store at EUROPARK Salzburg on Thursday, 25 August 2022. The fashion store now covers a...
Monday, 29. August 2022

CA Immo reports strong earnings

CA Immo has reported strong second quarter results, continuing the positive business development of the previous quarters. In a challenging market environment, the company increased its recurring earnings (FFO I) in the 1st half-year by 7.9% compared to the previous year, to €73.9 m.
Wednesday, 24. August 2022

Empira Opportunities Fund performing well

Launched in 2020, the open special AIF “Empira Opportunities Fund” is performing well. So far €840 million have been invested to date, and an attractive return (ITD) of approximately 65% has been achieved.
Wednesday, 10. August 2022

Millennium Tower Vienna welcomes new tenant

One of Vienna's most impressive buildings has found a new tenant. Delta Car Trade Austria GmbH, with the support of Modesta Real Estate, has decided on an approx. 450 m² office space on the 16th floor of the Millennium Tower Vienna, owned by Art-Invest Real Estate Austria.
Wednesday, 10. August 2022

S Immo: CPI calls for extraordinary general meeting

The Management Board of S Immo AG has received a request from CPI Property Group to convene an Extraordinary General Meeting with the agenda item „Changes to the Supervisory Board“.
Wednesday, 10. August 2022