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In the Ungargasse in Vienna’s third district, Immofinanz has opened a further Austrian myhive office building at a central location and set high, innovative standards for the design of modern office solutions on the Vienna real estate market. The building covers 17,200 sqm of modern office and community rooms combined with pe...
Real I.S. has acquired the “TownTown CB 06” office building in Vienna for its open-ended Realinvest Europa fund for private individuals from Commer Real. The fund manager acquired the property after completion in 2008 on behalf of its open-ended fund Hausinvest. The property, which has a total rental area of around 5,200 sqm,...
Immofinanz recorded an increase in rental income and in the results of asset management and property sales during the first three quarters of 2020 despite the Covid-19 crisis. FFO 1 (before tax) was only slightly lower than the previous year at € 89.2 million. After an adjustment for the straight-lining of a bond coupon payme...
Despite a positive valuation contribution in the 3rd quarter, the negative revaluation result – as a result of the pandemic and its various effects – continues to have a negative impact on consolidated net income. An FFO I of € 104.7 m was generated in the first nine months of 2020, 3.3% above the previous year’s value of € 1...
Catella Residential Investment Management (CRIM) has purchased two apartment developments in Vienna, Austria and one in Nieuwegein near Utrecht in the Netherlands for a total of around €90 million. The acquisitions were made on behalf of the Catella European Residential Fund III (CER III).
Palmira Capital Partners, acting on an individual client instruction, has acquired the fulfilment centre of the international logistics company DB Schenker AG, in the Cargo Center Graz (CCG). The vendor was a consortium of investors based in Graz. The parties have agreed not to disclose the purchase price.
CapitaLand’s wholly owned lodging business unit, The Ascott Limited has signed an agreement with Signa Real Estate and ARE Austrian Real Estate to manage Citadines Danube City Vienna, Ascott’s first serviced residence in Austria. Scheduled to open in Q4 2022 in the Austrian capital Vienna, the 223-unit property is being built...
As of December 1, 2020, Sascha Malsy (39) will lead the Real Estate Finance division for Germany, Austria and the Czech Republic. Malsy succeeds Michele Monterosso, who will be developing a new sector as Global Sector Lead for Construction.
Michael Knap, Chairman of the Supervisory Board of Immofinanz AG, resigned prematurely from this corporate body effective with the end of today’s 27th Annual General Meeting. This step was taken for personal reasons and in agreement with his Supervisory Board colleagues. Knap first joined the Supervisory Board in 2008. At tod...
With the handover of keys today, the first tenants have already moved into their offices in the new world of work at Airport City Vienna covering an area of 26,000 m2. The new Office Park 4 offers space for about 2,500 employees - Flexible working areas, a wide range of co-working spaces and state-of-the-art event space - The...
The European Public Real Estate Association (EPRA), which is representing the interests of the listed European property industry, has presented CA Immo reporting with several awards at its annual conference. The intensive further development of sustainability reporting was recognised twice: with the presentation of an „EPRA S...
In recent weeks, the fund manager Union Investment has purchased two retail parks and a high street building for the portfolio of its open-ended mutual property fund Immofonds 1 and for the portfolio of its special fund UII European.
The US burger chain Five Guys is coming to Austria with two locations at once. In autumn 2020 the first Five Guys restaurant at Graben 30 in Vienna will open its doors and only a short time later in November the second restaurant will follow in the new Entertainment Center in Vienna's Millennium City. Colliers placed the inte...
Caerus Debt Investments AG has committed €120m for the development of the „Mandarin Oriental Vienna“, a five-star hotel in the 1st district of Vienna, through a senior secured whole-loan financing agreement with the Swiss Brisen Group. An initial tranche of €40m has already been released to the project.
Matthew Lunt joined CA Immo as Head of Asset Management Austria & CEE on July 6, 2020, taking over responsibility for all asset management activities in the respective countries, including leasing, tenant relations and comprehensive management of the investment portfolio. Working with a dedicated team across the region, he wi...
Hines is significantly expanding its asset management business in Europe through a mandate from a German pension fund to manage eight mixed-used properties.
Garbe Industrial Real Estate GmbH, one of the leading specialists for logistics and industrial properties in Germany, just acquired two logistics assets in Vienna on behalf of an institutional investor. “Vienna is Austria’s most important logistics cluster. At the moment, keen demand for logistics facilities coincides with sh...
Immofinanz has announced the successful placement of shares and issue of subordinated mandatory convertible notes. The company intends to use the net proceeds for refinancing of financial liabilities, capitalise on potential growth opportunities and for general corporate purposes.
