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Austria

Austrian Takeover Commission prohibits Immofinanz offer for S Immo

The planned takeover is likely to take some time. According to Immofinanz, the Austrian Takeover Commission exercises the procedural right for a longer review of the offer document. The final review of the offer document by the senate of the Austrian Takeover Commission shall take place in a timely manner.
Thursday, 15. April 2021

Verkehrsbüro Group sells Sporthotel Fontana to Auszeit

Sporthotel Fontana, located directly at the valley station to the surrounding ski areas Saalbach Hinterglemm/Leogang/Fieberbrunn, now has a new owner. Auszeit Hotel & Resort AG is taking over the hotel from the Verkehrsbüro Group.
Monday, 12. April 2021

Sabine Georgi joins ULI as Executive Director

The Urban Land Institute (ULI) has appointed Sabine Georgi as executive director of the Germany/Austria/Switzerland National Council. She will replace Stephanie Baden. Georgi joins from the Royal Institute of Chartered Surveyors (RICS) where she worked as a country manager Germany and will start her new role in May 2021.
Friday, 9. April 2021

AEW enters Austrian logistics market

The investment manager acquires a prime new logistics asset in Vienna which is fully let to DHL on an 18 years lease. AEW will now seek a BREEAM Very Good energy certification for the building as part of its asset management plan.
Tuesday, 6. April 2021

Immofinanz increases offer for S Immo shareholders

Immofinanz AG has increased its takeover offer o the shareholders of S Immo AG. On 14 March 2021 The offer price per share of S Immo has been announced as €18.04 on a cum-dividend basis, today the company has announced that the Executive Board and the Supervisory Board have resolved upon an increase of the offer price to €22....
Friday, 26. March 2021

Deutsche EuroShop suffers from Corona

The shopping center investor Deutsche Euroshop published its preliminary and as yet unaudited results for the 2020 financial year. The coronavirus pandemic has left a clear mark on both the operating and measurement result. The negative repercussions currently look set to continue for the current financial year due to the ong...
Wednesday, 24. March 2021

Immofinanz revives bid for S Immo once again

Major shareholder Immofinanz wants to take over its competitor S Immo. On Sunday evening, the Austrians made a public takeover offer. Only recently, the investor Aggregate Holding had taken a 10.79 percent stake in S Immo.
Monday, 15. March 2021

PGIM RE appoints Sebastiano Ferrante as deputy head of Europe

PGIM Real Estate continues to strengthen its European platform with several senior appointments across Europe to position the firm for further growth ahead. Over the last several years, the firm has successfully evolved its European platform across all facets of the business, and in 2020 it completed 53 transactions in Europe...
Thursday, 11. March 2021

Allianz acquires prime last-mile logistics facility in Vienna

Allianz Real Estate, on behalf of several Allianz group companies, has acquired a special purpose vehicle (SPV) owning a newly built, last-mile logistics facility in southern Vienna for €72 million. The SPV has been sold to Allianz Real Estate by Exeter Property Group.
Friday, 5. March 2021

Schörghuber Group sells hotel Pichlarn Castle to Georg Imlauer

Following 13 years of ownership, the German Schörghuber Group castle hotel in Styria has been sold to experienced Austrian hotelier, Georg Imlauer, through his hotel group, Imlauer Hotel & Restaurant GmbH. With this purchase, Imlauer is adding the first typical leisure hotel to his existing portfolio of city hotels and restau...
Tuesday, 9. February 2021

Primevest Capital Partners acquires two car parks in Vienna for €20

Primevest Capital Partners has acquired two purpose-built multi-storey car parks, a supermarket and commercial unit in Vienna for around €20 million for its Primevest European Parking Fund IV. The vendor is the building-owner Rhomberg Bau GmbH, who built the property as general contractor together with Goldbeck Rhomberg.
Tuesday, 26. January 2021

Commerz Real buys new residential complex in Vienna

Commerz Real Capital Management Company (Kapitalverwaltungsgesellschaft, KVG) has purchased a residential complex currently under construction in Vienna with 378 serviced apartments for its “Commerz Real Institutional Smart Living Europe Fund”. The seller is a joint venture between the project developer S+B Gruppe and the mic...
Wednesday, 20. January 2021

Hines signs lease with Nespresso for Vienna flagship boutique

Hines announces a new lease with Nespresso in Vienna's Kärtnerstrasse. The future anchor tenant has leased three floors and is planning a new Nespresso flagship boutique at the location. Since taking over the asset management mandate, Hines has been working on the strategic realignment of the residential and commercial buildi...
Thursday, 14. January 2021

Unsurprisingly weak year 2020 with a conciliatory finish

After a record-breaking year 2019, when hotels worth more than €1.25 billion changed owners in Austria, the signs for the first quarter of 2020 were still very positive. But then everything turned out differently. After a significant drop in transaction volume due to Covid-19 in the first half of 2020 with a hotel investment ...
Thursday, 14. January 2021

Austria: Union Investment promotes Petia Zeiringer

Union Investment Real Estate Austria AG is expanding its senior leadership team. Petia Zeiringer has been appointed to the management board with effect from 1 January 2021. As a new board member, Zeiringer will be responsible for fund management and asset management.
Wednesday, 13. January 2021

Garbe acquires logistics portfolio totalling 123,000 m²

Garbe Industrial Real Estate GmbH just acquired a portfolio of four logistics assets for its institutional German fund, “Garbe Logistikimmobilien Fonds Plus” (“GLIF+”). Three of the properties are located in Germany, specifically in the towns of Hof, Nohra and Münster, while the fourth one is located in the Austrian capital V...
Tuesday, 12. January 2021