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KGAL Group has concluded the first conversion of a closed-ended property fund into an open-ended special property fund. Within six weeks from offer acceptance to signing, KGAL’s €300 million portfolio Austrian portfolio was adapted in exceptionally quick time, in partnership with Hansainvest Hanseatische Investment GmbH to it...
According to a Vienne City Report by Knight Frank, Vienna’s strong level of take-up in 2016 was driven mainly by occupiers focussing on workplace optimisation. Despite 2016 being a lean year in terms of new supply, the next two years will see a stronger development pipeline. Prime rents have remained stable at €25.75 per sq m...
Hardly any other industry has been under as much pressure in recent years as the private hotel industry in Vienna. Hotel market specialist Christie & Co has examined the market developments in a recent study and surveyed private hotel owners and operators in the Austrian capital on their assessment of the challenges facing th...
Shareholders approved a dividend of six Euro cents per share for the abbreviated 2016 financial year today, Thursday, at the 24th annual general meeting of Immofinanz AG. The distribution will total approx. €63.2 million. The ex-dividend date is 2 June 2017, and payment will be made on 7 June 2017. The shareholders also appro...
Buwog AG has confirmed the conclusion of the cash capital increase, which was publicly announced on 15 May 2017. It covered the placement of 12,471,685 new shares at an offering and subscription price of €24.50 per new Buwog share. The offering and subscription price was determined by a bookbuilding process, taking into accou...
The entire equity stake of Vienna International Hotelmanagement AG (Vienna House) has been acquired by Vienna House Capital. In the months since the contract signing in mid-February, the agreement was prepared for closing, subjected to an antitrust review and confirmed on 31 May 2017. Vienna House Capital is the Austrian subs...
S Immo posted once more a solid result for the first three months in 2017. Total revenues saw a slight increase despite sales in the previous year, the financial result was improved significantly and FFO increased sharply. 2016 was an outstanding record year with a total valuation gain of €194m. The operating key indicators r...
Warimpex Finanz- und Beteiligungs AG is back in the black again. The project development company has achieved a period result of €4,7 million, compared to €-0,5 million last year.
Immofinanz generated net profit of €101.7 million from continuing operations in Q1 2017 (Q1 2016: €-139.3 million). Group net profit equalled €80.7 million for the reporting period (Q1 2016: € -240.7 million). This also includes the result of the discontinued core market Russia. The results of discontinued operations totalled...
The Frankfurt-based Silverton Group (Silverton) is to cooperate with 720° Restructuring & Advisory (720° RE), based in Vienna. The objective of the cooperation is to pool the existing expertise, in order to expand the range of services offered to clients and to expand the regional coverage.
The Novum Hotel Group is signing a contract with AccorHotels and K1 Immobilien Group. The former office building at the Franzensbrückenstraße 26 in 1020 Vienna will shortly be refurbished by the K1 Immobilien Group to become an Ibis Styles. Ibis Styles represents the fast growing design brand of the Ibis family standing out f...
CA Immo's asset management is under new leadership: Markus Kuttner, previously in charge of asset management for Eastern Europe, will take over as Group Head of Asset Management. In that capacity, he will be in charge of all asset management activities of the CA Immo property portfolio worth more than € 3 bn in Austria, Germa...
JHP’s client SES has cut the tape on the refurbishment of one of its most prestigious shopping
destinations, Citypark Graz. JHP were commissioned by SES in 2012 to breathe new life into the centre, its building masterplanning, customer journey planning, way-finding, and the installation of new escalators, storefronts, entran...
At the request of the Supervisory Board, the Supervisory Board members Professor Sven Bienert, Professor Klaus Hirschler - formerly appointed by means of registered shares - as well as Gabriele Düker as new Board member were elected as members of the Supervisory Board at yesterday's Ordinary General Meeting of CA Immobilien A...
International Campus, Stonehill Group, Pegasus Capital Partners and HABAU celebrated the topping-out ceremony of The Fizz Wien in the city’s 20th district Brigittenau with more than 150 guests this afternoon. A total of 632 high quality apartments for students and young professionals with showers and pantry kitchens, plus rac...
KGAL further expands within the Vienna office market with the acquisition of Skyline Office. The Skyline office complex, located within the 19th municipal district, comprises c. 15,800 m² of rental space, as well as 265 car parking units, whilst its key location directly beside the Wien Spittelau railway station interchange m...
Aviva Investors has launched the Aviva Investors Continental European Long Lease Strategy Fund (CELLS). A First Close with €105m from two insurance investors was secured in April. The Fund aims to deliver secure, predictable cash flow from predominately index-linked leases. The portfolio will consist of Continental European (...
With a percentage of 93,09 % of the Austrian Conwert Immobilien Invest SE, Vonovia SE also takes over the free-float shares of the company. However, with the implementation of a squeeze-out procedure, Vonovia wants to get rid of the minority shareholders by paying an “appropriate cash compensation”. According to a publication...
