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Alpha Industrial has acquired a large value add property in Vienna from pharmaceutical logistics provider Schachinger by means of a sale-and-rent-back transaction. The building is situated only 6km from the centre in the southeast part of the city (on Schemmerlstraße in Vienna’s 11th district, Simmering), an area that account...
PGIM Real Estate has secured a forward commitment on a three-property portfolio in Vienna, on behalf of German and Swiss institutional investors. The developer of the project is Signa Prime Selection AG. According to market participants, the price is around €500 million.
“The Fizz Vienna” will open on 1 October 2017, just in time for the start of the winter semester. The apartment building for students and young professionals on Dresdner Straße in the 20th district Brigittenau has a gross area of some 22,000 square metres spanning eight floors. It also has 350 cycle spaces and 81 parking spac...
Michele Monterosso has been appointed Head of Real Estate Finance Germany and Austria within Lending Services of ING Wholesale Banking, effective from October 2017.
Huma Eleven opens its extension in Vienna-Simmering on Thursday, September 28th. Around 90 shops, catering, and service companies offer everything for a perfect shopping experience on a total of 50,000 m². The 6,000-m² Fashion Park Röther is the largest multi-brand fashion store ever opened in a shopping center in Vienna. Oth...
Warimpex Finanz- und Beteiligungs AG announces that Georg Folian (69) informed the Supervisory Board at its meeting today that he will be stepping down as Deputy Chairman of the Management Board when he turns 70. Georg Folian will therefore leave the Management Board before the expiration of his current tenure, on his 70th bi...
Further to the initial pricing announcement earlier today, CA Immobilien Anlagen AG announces the final pricing terms of its senior, unsecured convertible bonds due April 2025 with an aggregate nominal amount of €200 million.
UBM Development AG has succeeded in securing another transaction with a forward funding structure: Corestate Capital Holding acquired the micro living project QBC 6.2 in Vienna for €27m. “We continue to focus on the mega trend urbanization. We were early movers in the area of student housing in Germany and we are today the mo...
Warburg-HIH Invest Real Estate has announced another milestone in its continued European expansion strategy. On September 1, 2017, the company launched its Austrian operations with the opening of the Warburg-HIH Invest Austria office in Mediatower at Taborstraße 1 in Vienna. Dr. Martin Sabelko (58) has been appointed as the c...
Buwog AG closed the 2016/17 financial year with extremely results and outperformed the previous 2015/16 record year. The continuation of this development was supported by operating income from the management of the standing investment portfolio as well as the Property Sales business area with the high-margin sale of units in ...
On Tuesday, joint venture partners JP Immobilien and CA Immo celebrated completion of the structural shell for 270 owner-occupied and investment apartments on Erdberger Lände. Together with the Wohnbau Süd residential complex, which has also been under construction on the same site since the spring of 2016, around 500 rental ...
The extraordinary general meeting of Conwert Immobilien Invest SE approved the resolution proposed by the main shareholder Vonovia SE to squeeze out the minority shareholders in accordance with section 1 paragraph 1 of the Austrian Squeeze-Out Act (GesAusG) in exchange for adequate cash compensation of €17.08 per share.
The first six months of 2017 were again highly successful for S Immo. FFO I – put simply, the key operating figure that describes how much was earned excluding revaluations and similar non-cash effects – was increased significantly to €26.7m. The revaluation result is also very positive, amounting to €69.3m in the first half ...
Corestate Capital Holding is structuring a serviced apartment fund with a target volume of at least €200 million. Structured for a large German insurance company, the individual fund focuses primarily on fully equipped and furnished studio and one-bedroom apartments in central locations of major German and European cities suc...
CA Immo has reported strong operational first six months of 2017 with a significant increase in long-term profitability. Highly successful lettings have also been confirmed, providing critical momentum for monetisation of the company's development pipeline. Furthermore, the company has decided to develop land earmarked for re...
Union Investment is entering the growing micro-living segment. The Hamburg-based investment manager has acquired the Milestone Graz micro apartment complex for its new real estate special fund Urban Living Nr. 1. Consisting of 378 residential units, the property is let on a long-term lease to Milestone, one of the most experi...
Corpus Sireo Real Estate has been awarded with the contract for the asset management of ORL portfolio belonging to Profond Investment Foundation. The mandate comprises all services in the area of strategic and value chain-oriented management for the office, retail and logistics real estate portfolio (ORL for short), including...
