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CTP starts construction of second logistics development in Austria

Burgeoning demand for modern and sustainable logistics space in Austria has driven the full leasing of CTPark Vienna East, covering about 51,000 sqm of gross lettable area (GLA) even before the completion of CTP’s first development in the market. Construction work has meanwhile kicked off at the company’s second project in th...
Tuesday, 7. March 2023

S Immo buys Vienna office portfolio from Immofinanz

The Vienna office investment market is off to a dynamic start to the year: Immofinanz has signed a letter of intent to sell several office properties at the location on Vienna’s Wienerberg to S Immo, a company in which it holds 50% plus one share. The transaction volume will amount to approximately €411.0 million.
Friday, 24. February 2023

Panattoni realises first project in Austria

One year after opening its branch in Austria, Panattoni celebrates the start of construction of its first logistics project. The „Panattoni Park Graz South“ is being built speculatively on a 100,000 m² plot of land that the project developer was recently able to secure. Within the next 2 to 3 years, four to five more are to b...
Thursday, 23. February 2023

BNP Paribas REIM acquires 32,000 sqm logistics centre in Vienna

BNP Paribas Real Estate Investment Management (BNP Paribas REIM) Germany has acquired on behalf of the Eurozone Logistics Fund (ELF), a fully let logistics asset located in Schemmerlstraße in Vienna’s eastern Simmering district.
Monday, 20. February 2023

Frasers sells logistics property portfolio in Austria

Frasers Property Industrial announces the sale of the Austrian portfolio „4Urban“ – comprising of four logistics and warehouse properties – via a “share deal” to BNP Paribas Real Estate Investment Management (REIM).
Monday, 20. February 2023

PKF Hospitality appoints Florian Van der Bellen

PKF Hospitality Group has appointed Florian Van der Bellen as the Head of Destination Development for the PKF Tourismexperts division effective February 1st. Florian Van Der Bellen succeeds Christopher Hinteregger, who has joined the Kingdom of Saudi Arabia as a tourism consultant, where PKF Hospitality Group is also active.
Thursday, 9. February 2023

Granite REIT signs lease extensions in Graz

Granite Real Estate Investment Trust announced that the leases with Magna International at its properties in Graz, comprising approximately 5.0 million square feet, have been contractually extended for ten years to January 31, 2034.
Friday, 3. February 2023

Recovery in the hotel investment market noticeable despite new challenges

After an initially good start to 2022, the ongoing war in Ukraine and its consequences caused renewed unrest on the Austrian hotel investment market. Which buyer group was nevertheless active, and what domestic banks say about the current financing landscape, you can read in the latest transaction market report from Christie ...
Friday, 3. February 2023

CA Immo expects negative net property revaluation result

Based on independent external appraisals, CA Immobilien Anlagen AG (CA Immo) expects a negative net property revaluation result of around €274 million for the fourth quarter of 2022 due to the changed market conditions. For the 2022 financial year, the negative net property revaluation result amounts to around €94 million (ar...
Thursday, 2. February 2023

Update Training opens new training center in Vienna

The educational institute Update Training has signed a lease for around 3,000 m² in the office property Brehmstraße 10 in Vienna's eleventh district to open a new training center.
Tuesday, 31. January 2023

Immofinanz repays corporate bond

Immofinanz has fully repaid its 2.625% corporate bond due 27 January 2023 (the “2023 Notes,” ISIN XS1935128956). The repayment was funded with existing cash resources. The principal amount repaid was €187.1 million, which was the outstanding balance of the 2023 Notes following a change of control event which resulted in the r...
Monday, 30. January 2023

Immofinanz and S Immo to review strategic synergies

Immofinanz and S Immo have signed a framework agreement which establishes a joint process to review further alignment, coordination, merger or other forms of integration across the two groups. CPI Property Group (“CPIPG”) will participate in the project as a supporting shareholder. The ultimate objective is to identify synerg...
Monday, 23. January 2023

PKF Hospitality becomes new partners

Tomislav Čeh, Head of Adriatic Sea, and Stefan Catic, Head of Operator Search, are new partners of PKF hospitality group as of January 1. The two team members took over shares in PKF hospitality holding GmbH, Vienna, from Michael Widmann, Global CEO.
Monday, 9. January 2023

Helios Logistics signs 46,000 pre-let in Vienna

Helios Logistics GmbH has signed a 10-year pre-lease agreement with Simpex for a 46,000 sq m warehouse at its AyKa Helios Logistics Park, adjacent to Vienna Airport in Austria.
Monday, 9. January 2023