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» Chronological View: " Austria " «

SES Spar European Shopping Centers sales increased by 6%

2016 was the best year so far in the company history of SES Spar European Shopping Centers: The retailers at its 30 shopping sites generated gross sales revenue of €2.85 billion. This represents an increase of 6% compared to 2015. “The growth is mainly due to higher productivity per unit of area,” says Marcus Wild, CEO of SES...
Mittwoch, 15. März 2017

Immofinanz resolves new share buyback programme

Immofinanz AG plans to execute a further share buyback programme. On 14 March 2017 the management board and the supervisory board resolved on the basis of the authorisation granted by the 23rd ordinary shareholders’ meeting dated 29 September 2016 pursuant to section 65 para 1 no 8 Austrian Stock Corporation Act to execute a ...
Dienstag, 14. März 2017
2016 a Record Year for SES

2016 a Record Year for SES

2016 was the best year so far in the company history of SES Spar European Shopping Centers: The retailers at its 30 shopping sites generated gross sales revenue of €2.85 billion. This represents an increase of 6% compared to 2015. “The growth is mainly due to higher productivity per unit of area,” says Marcus Wild, CEO of SES...
Freitag, 10. März 2017
Staycity Aparthotels announces Markus Beike as development director

Staycity Aparthotels announces Markus Beike as development director

Staycity Aparthotels has announced Markus Beike as development director Germany & CEE, with a special focus on developing the brand in Germany, Austria and Eastern Europe. Beike, who holds a business management degree (Diplom-Betriebswirt FH), a real estate management degree (Immobilienökonom ebs) and is a member of the Roya...
Freitag, 3. März 2017
Warimpex sells half of its real estate assets

Warimpex sells half of its real estate assets

Warimpex Finanz- und Beteiligungs AG is selling parts of its hotel portfolios as well as its share in the hotel operator Vienna House to the Thai investor U City Public Company Limited. The transaction comprises eight hotel shareholdings, of which two are up to 50 per cent in the ownership of UBM Development AG. The shares eq...
Montag, 27. Februar 2017

Strabag PFS enters system and development partnership with Microsoft

Strabag Property and Facility Services and Microsoft will work together over the next few years to develop industry solutions under the name „Real Estate Services 4.0“ for the control, management and operational provision of facility management services. Core of the partnership is the development and implementation of a new I...
Montag, 27. Februar 2017

Vienna House acquired by new sole shareholder

The new year begins with a decision of enormous impact for the future of Vienna International Hotelmanagement AG just one year after repositioning itself on the market as Vienna House. The entire equity stake will be acquired by Vienna House Capital, subsidiary of Thailand’s U City PCL (U City), with expected effective date o...
Freitag, 24. Februar 2017

SES brings the Sportina Group’s XYZ Multi-Brand Store to Austria

Following the premiere of the Jack&Jones “Jeans Intelligence Store” in Europark Salzburg last autumn, SES Spar European Shopping Centers has once again brought an innovative store launch to Austria: XYZ is a multi-brand fashion store for men and women and is part of the Sportina Group. Austria’s first XYZ store opens on more ...
Mittwoch, 15. Februar 2017

Immofinanz sells 4.5 million Buwog shares for €97 million

Immofinanz AG announces the placement of approx. 4.5 million ordinary shares in Buwog AG. The Placing Shares represent approximately 4.5% of the company’s issued share capital. The transaction generated total net proceeds to Immofinanz of approximately €97.4 million. The transaction is expected to settle on 6 February, 2017. ...
Donnerstag, 2. Februar 2017
Union Investment's Immofonds makes deal in Styria

Union Investment's Immofonds makes deal in Styria

And again another acquisition for the open-ended real estate fund Immofonds 1: After the purchase of the Düsseldorf office property Global Gate III and the Dopio Offices located in Vienna in the fourth quarter of 2016, the management diversifies the group's portfolio by adding an Austrian commercial property. Union Investment...
Donnerstag, 2. Februar 2017

Austrian hotel investment market in 2016 at an all time high

The hotel transaction volume in Austria comfortably exceeded €900m for the first time in 2016 – a resounding record that more than doubled the previous high of 2012. According to Christie & Co, the investment volume on the Austrian hotel market was exceptionally high over the first half of 2016 as hotel properties with a tota...
Dienstag, 24. Januar 2017

Sale of Conwert stake pays off for Adler

With the sale of its 26 per cent share in the Austrian Conwert Immobilien Invest, Adler generated an economic profit of over c. €50 million. In total the company has gained c. €442 million from this transaction, which will be used for dept redemption. Thus Adler expects c. €10 million in additional FFO I for the current finan...
Montag, 23. Januar 2017

Raiffeisen evolution renamed Strabag Real Estate GmbH

Raiffeisen evolution project development GmbH has been renamed Strabag Real Estate GmbH (SRE). The new name has already been entered into the company register, said managing director Gerald Beck. The seat of the new SRE in Austria is Vienna. The name change follows the Strabag Group's increase of its stake in Raiffeisen evolu...
Montag, 16. Januar 2017
Vienna Airport expands its Air Cargo Center by one-third

Vienna Airport expands its Air Cargo Center by one-third

Vienna Airport is making another key investment to expand its Airport City, starting construction work on enlarging its Air Cargo Center and adding one-third more space (15,000 m²). The project will be implemented at a cost of about €16 million. The new addition should be ready for operation by the end of 2017. As part of the...
Donnerstag, 5. Januar 2017

Conwert to elect new Administrative Board

Following the successful takeover of the Austrian real estate company Conwert by Germany's most important housing company Vonovia, for the announced changes in the top management, the necessary steps are being initiated. Thereby, the Board of Directors will be re-staffed and extended.
Mittwoch, 28. Dezember 2016

Vonovia & Conwert: The deal is done

The Bochum based real estate titan Vonovia takes over its Austrian competitor Conwert. According to the company, the deal has been successfully completed and over 50 per cent of the Conwert shareholders have agreed to the takeover offer of Germany's major housing company. This has impressively exceeded the required majority. ...
Dienstag, 20. Dezember 2016

Immofinanz postpones merger talks with CA Immo

According to an ad-hoc announcement, the Austrian real estate group Immofinanz AG is postponing the merger talks with CA Immobilien Anlagen AG until the year 2018, as the company is still not certain about the sale of its Russian shopping centers. The initial planning was to vote about the fusion within the both General Meeti...
Dienstag, 20. Dezember 2016

Private investor acquires specialised Austrian retail portfolio of Immofinanz

Shortly before the end of the year, Austria's biggest real estate transaction is wrapped up. A private Austrian property investor has acquired a highly diversified portfolio comprising 88 objects with a total floor space of 108.000 square meters. The portfolio, which combines locations in eight provinces, has been sold by Imm...
Montag, 19. Dezember 2016