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The Luxembourg fund manager AviaRent Capital Management S.à r.l. and its French cooperation partner, Primonial, have launched their first joint European fund for institutional investors. For a total investment volume of around €60 million, a nursing home portfolio with seven properties in Austria has been acquired in a share ...
Europa Capital and its joint venture partner Garbe Industrial Real Estate have acquired a light industrial and logistics portfolio on behalf of its pan-European value-add fund, Europa Fund V, for €92.5m from a joint venture between Crossroads European Real Estate Fund and Palmira Capital Partners. The 183,000 sq m portfolio ...
CA Immo is pooling its operational real estate areas under a newly established tier of management. As Head of Real Estate Business Operations Austria and CEE, Markus Kuttner will be responsible for Asset and Investment Management as well as Development and Engineering in Austria and the CEE core markets. Meanwhile Michael Mor...
Ralf Otzen (49) has taken up his new position as a member of the Board of Directors of the subsidiary of AviaRent Capital Management S.à r.l. retroactively to June 1, 2018. Since the end of 2016 Ralf Otzen has been with AviaRent Invest AG as Head of Operations and was responsible for Corporate Management, Human Resources and ...
JTI Austria GmbH/Austria Tabak GmbH (JTI) has leased approximately 2,700 sqm of office space on three floors in the ViE office building on Erdberger Lände, Vienna, from the end of March 2019 onwards. In August, some 155 employees of GfK already took up residence in 2,300 sqm of office space in the building by the Donaukanal. ...
Aberdeen Standard Investments has agreed two deals for its Pan-European Residential Property Fund, a total investment of €120m in Paris and Vienna. The fund was launched in March this year after raising an initial €355 million, and now has a portfolio of 610 apartments in operation or being developed in Denmark, Austria and F...
In the first half of the year, CA Immo took important operational measures to ensure continued sustained, profitable growth. Long-term revenue (FFO I) increased by 12.8% on the 2017 figure of €56.0 m to €63.2 m. FFO I per share totalled €0.68, up 13.2% on last year’s reference value. As in preceding quarters, this underlines ...
Commerz Real has leased approximately 1,100 m² of the Optimum office building in Vienna to IUBH, the International University of Applied Sciences. This will enable the private institution to establish its first Austrian campus on the corner of Dresdner Strasse / Traisengasse in the Brigittenau district. IUBH currently has fou...
Eyemaxx Real Estate AG today has completed negotiations for the acquisition of a 14 percent equity interest in ViennaEstate Immobilien AG as well as the agreement of a strategic partnership with the Austrian real estate company. Both parties have signed an agreement to this effect. Eyemaxx`s stake in ViennaEstate could be in...
Aberdeen Standard Investments has made the first two deals for its new Pan European Residential Property Fund , which together will amount to an investment of €125 million.
With “FAP Balanced Real Estate Financing I” this week a new real estate debt fund is being launched for mezzanine loan financing of portfolio properties, revitalisation projects and project developments in the Germany, as well as selectively in the Netherlands and Austria.
The ViE office building constructed by CA Immo on Erdberger Lände is filling up: in August, around 155 employees of the market research institute GfK will occupy a part of the structure nearby the Donaukanal, which spans approximately 13,600 sqm in total. A total of 800 sqm on the ground floor has already been let to the REWE...
The voluntary public takeover offer by Vonovia SE to all shareholders of Buwog AG has ended successfully. The extended acceptance period lapsed on 18 June 2018, 17:00 hours (CEST), in the course of which additional shares were tendered into the takeover offer. Furthermore, Vonovia has acquired Buwog shares on the market and b...
Union Investment has agreed to acquire the Styria Center in Graz city centre on Volksgartenstraße 1. The building is a mixed-use property comprising residential, office and commercial units across a total of around 15,000 sq m of rental space. The vendor is a consortium of three private owners. The purchase price is approxima...
MLP Group has appointed Patrick Kurowski, who will assume the position of Country Manager as of the beginning of July. He will be responsible for MLP Group’s expansion. Kurowski has many years of experience gathered while cooperating with big international companies. During his long term work for CBRE he occupied, among other...
The launched takeover bid by Starwood Capital for shares in the two real estate groups CA Immo and Immofinanz has failed. The official journal of the „Wiener Zeitung“ reported, there was obviously little interest on the part of the shareholders.
Despite numerous asset sales, S Immo AG stable net result . In the first three months of 2018. The company's total revenues were at €43.5m. As expected, the large-scale sales in recent years led to a decline, but this was mitigated by a positive like-for-like performance of the portfolio properties. Following the completed re...
