» Chronological View: " Austria " «

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...

A successor has been found for the unexpected departure of Immofinanz boss Oliver Schumy in March , since now Pecik, his partners and S Immo together own not only over 23 percent of Immofinanz shares, but also the attractive executive chair. Conversely, Immofinanz holds just 29 percent of S Immo. This is a more than favourabl...

Berlin-based Catella Residential Investment Management (CRIM) and Catella Real Estate AG (CREAG) via its AIFM platform, have acquired three innovative residential projects in Vienna and Vitoria, northern Spain, and Hamburg for approximately €147 million. Together, the three transactions boost the total investment volume of th...

In view of the Covid-19 pandemic, Immofinanz has decided to reschedule the 27th Annual General Meeting (AGM) which was originally planned for 22 May 2020. The AGM will now be held on 1 October 2020 in Vienna. This change will also result in the postponement of the resolution on the use of profit for 2019 and a dividend payment.

Project developer STC-Swiss Town Consult will finalise its third deal in the first quarter of the year with the sale of the „Max & Moritz“ residential project. The project development in Vienna's 23rd district will go to Munich-based Wealthcore Investment Management GmbH, which acquired it for its special fund „Wealthcore Aus...

Warburg-HIH Invest Real Estate sold an office property in Vienna in form of a share deal to a real estate fund managed by Blue Colibri Capital. The eight-storey office building was built in 2002. It provides a gross lettable area of about 13,830 m² and 147 underground parking spots. Main tenant is the federal government of Au...

The Immofinanz said on Friday that the temporary declines in rental income from the retail business should be largely offset on a cash flow basis by the cost savings programme currently in progress.

Oliver Schumy, CEO of Immofinanz AG, leaves the company as member of the Executive Board as per today, 18 March 2020. The premature termination is based on mutual agreement due to personal reasons. As of 19 March 2020, the Executive Board of the Company is thus composed of the members Dietmar Reindl and Stefan Schönauer, who ...

Apleona Real Estate Management and Generali Real Estate S.p.A. are going to be working together to manage all the investment properties of Generali in Austria. For this purpose an agreement aiming at the setup of a joint venture to be named Apleona Real Estate Management AT GmbH was entered into. The joint venture is designed...