Austria

CTP N.V. has appointed Patrick Zehetmayr as Chief Financial Officer. Current CFO Richard Wilkinson will now focus on his previous dual role as Deputy CEO primarily overseeing the Company’s Central and Eastern European markets.

Launched in 2020, the open special AIF “Empira Opportunities Fund” is performing well. So far €840 million have been invested to date, and an attractive return (ITD) of approximately 65% has been achieved.

One of Vienna's most impressive buildings has found a new tenant. Delta Car Trade Austria GmbH, with the support of Modesta Real Estate, has decided on an approx. 450 m² office space on the 16th floor of the Millennium Tower Vienna, owned by Art-Invest Real Estate Austria.

The Management Board of S Immo AG has received a request from CPI Property Group to convene an Extraordinary General Meeting with the agenda item „Changes to the Supervisory Board“.

Holders of the corporate bond 1.25% S Immo Green Bond 2022-2027 (ISIN AT0000A2UVR4) have called a nominal amount of €24,941,500 and holders of the corporate bond 1.75% S Immo Green Bond 2021-2028 (ISIN AT0000A2MKW4) have called a nominal amount of €79,550,500.

Greystar has acquired a 380-unit residential development in Vienna-Brigittenau as part of its collaboration with a globally active institutional investor to build a diversified, high-quality rental housing portfolio in Germany and Austria. Austrian project developer S+B Gruppe is selling the project at a fixed price for turnk...

KanAm Grund Group has acquired the last-mile logistics property Cross Dock Upper Austria for its open-ended real estate fund Leading Cities Invest. The building is situated in the Austrian municipality of Enns, near the city of Linz, and offers almost 13,000 square meters of space. Seller is the Meir real estate group, headqu...

The first half of 2022 is over, and Christie & Co takes this opportunity to review the transaction activity in the Austrian hotel real estate sector. The focus remained clearly on leisure hotels, but some city hotels also changed hands, resulting in a transaction volume of over €230 million in the first six months.

Catella Modernes Wohnen (CMW), the German open-ended real estate fund, has acquired 121 affordable residential units in a new development in the western Ottakring district of Vienna for around EUR 39 million. Berlin-based Catella Residential Investment Management GmbH (CRIM) managed the acquisition on behalf of the CMW fund w...

Cycas Hospitality will partner with InterGlobe in the management and transformation of 11 boutique hotels and 1,472 rooms across eight countries and nine cities.

Günther Artner (49) has taken over the management of the Commercial Real Estate business of Erste Group and Erste Bank Oesterreich as of 1 July 2022. Artner thus succeeds Patrick Zehetmayr, who is leaving Erste Group.

Boutique hotel brand Hotel Indigo, part of IHG Hotels & Resorts’ Luxury and Lifestyle portfolio, has opened its first property in Austria, Hotel Indigo Vienna – Naschmarkt. Centrally located, the hotel is a short walk from the city’s historic centre, the ‘Margareten’ district, a culturally diverse neighbourhood, including eve...

Following the majority takeover by CPI, Immofinanz's management plans to focus even more on retail properties and myhive office solutions in the future, selling properties worth around one billion euros and reinvesting the proceeds in higher-yielding assets.

Today, on 27 June 2022, S IMMO AG was informed that the Commercial Court today ordered the amendment of the Articles of Association to remove the maximum voting rights to be entered in the Commercial Register. The amendment to the Articles of Association will thus be visible and effective in the electronic commercial register...

CA Immo has successfully signed and closed the sale of the “Donau Business Center” office building, which comprises approx. 23,000 m² of gross leasable area (GLA). The transaction has closed at a premium to the book value as at 31 December 2021.

Major shareholder CPI Property Group (77%) refuses to pay a dividend for the financial year 2021. This was announced by Immofinanz yesterday. The new primary shareholder proposes that the balance sheet profit stated in the financial statement of Immofinanz for the business year 2021 is carried forward in full onto new account.

Directly at Vienna's main train station, Austria's first Prizeotel celebrated its opening this week. With 293 rooms, Prizeotel Wien-City is the hotel chain's second largest property after the flagship hotel in Hamburg.

GalCap Europe has invested on behalf of an individual mandate for a German pension fund at the Center of Technology in Graz. The research and development building Space One was acquired by a consortium of private investors. Friedl Land GmbH advised on the deal.