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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.
Savills has named Spiegelfeld Immobilien its associate in Austria as part of its continued expansion in Continental Europe. Founded in 1981 and based in Vienna, the advisory firm employs about 20 real estate professionals. Spiegelfeld advises clients across all main sectors including commercial, high value residential, forest...
In recent years Eastern Property Holdings has adapted its investment horizon with today having its major focus on Western European asset acquisitions. Although originally found and listed on the SIX Swiss Stock Exchange with the intention to invest Western European money in the promising Russian real estate market, in the pas...
Eastern Property Holdings (EPH) has acquired a prominent and centrally located office property in Vienna, which is currently under refurbishment. The parties to the transaction agreed to not disclose the acquisition price. The closing of the transaction is expected for the coming weeks and subject to various closing conditions.
Segro plc has sold CityPark Vienna, comprising a cross-dock warehouse, a recently developed urban warehouse park and development land, to Nuveen Real Estate, who thereby completed their first acquisition in Austria. The asset at Brunner Strasse/Carlbergergasse was sold for €65 million, in line with December 2019 book value. T...
Palmira Capital Partners has appointed Peter Salostowitz FRICS as Head of Research. In this newly created position, Peter Salostowitz will be analysing the company's core investment markets that, as well as Germany, include the Benelux countries, France, Austria, Poland and Spain.
Austrian project developer Soravia has sold the „Austro Tower“, the highest office building in the east of Vienna, to Deka Immobilien. The parties agreed not to disclose the purchase price. However, Soravia estimates the investment volume of the office tower in Vienna's third district to be roughly €146 million. The Frankfurt...
The listed real estate company S Immo AG is pleased to look back on a very successful first quarter of 2020 in operating terms, despite the impacts suffered since the middle of March due to the COVID-19 crisis. Rental income rose by around 10% in annual comparison to €31.1m (Q1 2019: €28.4m). And especially the FFO I – a key ...
Münchener Hypothekenbank eG continued on its course of growth during its 2019 business year. The cooperative property bank set a new record volume of € 6.5 billion for new lending commitments made during the year. Against the background of a property market that has been booming for many years, MünchenerHyp also used the favo...
Eastern Property Holdings Ltd (EPH) today announces audited 2019 year-end results: The net profit attributable to the shareholders of $40.68 million ($4.01 per share) and the positive cumulative translation adjustment (CTA, reflected as the other comprehensive income in equity) of US$27.73 million contributed to the US$68 mil...
