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» Chronological View: " Austria " «

SES brings the Sportina Group’s XYZ Multi-Brand Store to Austria

Following the premiere of the Jack&Jones “Jeans Intelligence Store” in Europark Salzburg last autumn, SES Spar European Shopping Centers has once again brought an innovative store launch to Austria: XYZ is a multi-brand fashion store for men and women and is part of the Sportina Group. Austria’s first XYZ store opens on more ...
Mittwoch, 15. Februar 2017

Immofinanz sells 4.5 million Buwog shares for €97 million

Immofinanz AG announces the placement of approx. 4.5 million ordinary shares in Buwog AG. The Placing Shares represent approximately 4.5% of the company’s issued share capital. The transaction generated total net proceeds to Immofinanz of approximately €97.4 million. The transaction is expected to settle on 6 February, 2017. ...
Donnerstag, 2. Februar 2017
Union Investment's Immofonds makes deal in Styria

Union Investment's Immofonds makes deal in Styria

And again another acquisition for the open-ended real estate fund Immofonds 1: After the purchase of the Düsseldorf office property Global Gate III and the Dopio Offices located in Vienna in the fourth quarter of 2016, the management diversifies the group's portfolio by adding an Austrian commercial property. Union Investment...
Donnerstag, 2. Februar 2017

Austrian hotel investment market in 2016 at an all time high

The hotel transaction volume in Austria comfortably exceeded €900m for the first time in 2016 – a resounding record that more than doubled the previous high of 2012. According to Christie & Co, the investment volume on the Austrian hotel market was exceptionally high over the first half of 2016 as hotel properties with a tota...
Dienstag, 24. Januar 2017

Sale of Conwert stake pays off for Adler

With the sale of its 26 per cent share in the Austrian Conwert Immobilien Invest, Adler generated an economic profit of over c. €50 million. In total the company has gained c. €442 million from this transaction, which will be used for dept redemption. Thus Adler expects c. €10 million in additional FFO I for the current finan...
Montag, 23. Januar 2017

Raiffeisen evolution renamed Strabag Real Estate GmbH

Raiffeisen evolution project development GmbH has been renamed Strabag Real Estate GmbH (SRE). The new name has already been entered into the company register, said managing director Gerald Beck. The seat of the new SRE in Austria is Vienna. The name change follows the Strabag Group's increase of its stake in Raiffeisen evolu...
Montag, 16. Januar 2017
Vienna Airport expands its Air Cargo Center by one-third

Vienna Airport expands its Air Cargo Center by one-third

Vienna Airport is making another key investment to expand its Airport City, starting construction work on enlarging its Air Cargo Center and adding one-third more space (15,000 m²). The project will be implemented at a cost of about €16 million. The new addition should be ready for operation by the end of 2017. As part of the...
Donnerstag, 5. Januar 2017

Conwert to elect new Administrative Board

Following the successful takeover of the Austrian real estate company Conwert by Germany's most important housing company Vonovia, for the announced changes in the top management, the necessary steps are being initiated. Thereby, the Board of Directors will be re-staffed and extended.
Mittwoch, 28. Dezember 2016

Vonovia & Conwert: The deal is done

The Bochum based real estate titan Vonovia takes over its Austrian competitor Conwert. According to the company, the deal has been successfully completed and over 50 per cent of the Conwert shareholders have agreed to the takeover offer of Germany's major housing company. This has impressively exceeded the required majority. ...
Dienstag, 20. Dezember 2016

Immofinanz postpones merger talks with CA Immo

According to an ad-hoc announcement, the Austrian real estate group Immofinanz AG is postponing the merger talks with CA Immobilien Anlagen AG until the year 2018, as the company is still not certain about the sale of its Russian shopping centers. The initial planning was to vote about the fusion within the both General Meeti...
Dienstag, 20. Dezember 2016

Private investor acquires specialised Austrian retail portfolio of Immofinanz

Shortly before the end of the year, Austria's biggest real estate transaction is wrapped up. A private Austrian property investor has acquired a highly diversified portfolio comprising 88 objects with a total floor space of 108.000 square meters. The portfolio, which combines locations in eight provinces, has been sold by Imm...
Montag, 19. Dezember 2016

JHP’s newly refurbished City Park in Graz set to open just before Christmas 2016

JHP has been working on the refurbishment of one of Spar European Shopping Centres' (SES) most prestigious shopping centres, City Park, in Graz. Having been commissioned by SES in 2012, JHP’s challenge was to eliminate the inefficiencies in City Park’s customer journeys and the building’s configuration and to revitalise the ...
Montag, 12. Dezember 2016

Strabag increases its stake in Raiffeisen evolution

The assignment contract related to the acquisition of all shares of Raiffeisen Evolution Project Development GmbH of Uniqa was concluded today. The transaction will take effect immediately following approval by the competition authorities in Austria and Hungary. A purchase price totalling €56 million was agreed. The contract ...
Montag, 5. Dezember 2016

Redevco attains BREEAM ‘Excellent’ certification for the MAHÜ77 shopping development

The most recent new development project by Redevco has become the first retail development in Austria to be awarded ‘Excellent’ BREEAM sustainability certification.The MAHÜ77 shopping development (Mariahilfer Strasse 77-79 in Vienna) received a radical makeover in 2016 and, after around nine months of building, was reopened w...
Montag, 5. Dezember 2016
UBM and Warimpex with positive quarterly results

UBM and Warimpex with positive quarterly results

For the Austrian project developers UBM Development and Warimpex the last nine months have been very successful. After publishing the results of the first three quarters, the companies expect similar figures for the rest of the financial year. While UBM achieved a stable period profit, Warimpex was able to turn its last year'...
Freitag, 2. Dezember 2016

Conwert major shareholders failed to make a mandatory offer

The Austrian Conwert Immobilien Invest SE has received the ruling by the Federal Competition Authority on the review procedure regarding the question, whether the principal shareholders have failed to have made a mandatory takeover offer to the other shareholders in 2015.
Freitag, 2. Dezember 2016
Another purchase for Union Investment in Vienna

Another purchase for Union Investment in Vienna

Only just a few days after the acquisition of the Doppio Offices in Vienna , Union Investment strikes again in the course of a forward deal and purchases the office object QBC 3, which is currently under construction. Seller again is UBM Development AG in corporation with S Immo AG. “The sale of QBC 3 can practically be seen ...
Dienstag, 29. November 2016

conwert expects further revaluation gains for its property portfolio

Conwert Immobilien Invest SE listed on the ATX, expects further growth in the value of its property portfolio in the fourth quarter of 2016, according to the initial indication by valuation firm CBRE. From today’s viewpoint, these gains will amount to €85 to 105 mn as a result of the strong operating performance and the posit...
Freitag, 25. November 2016