Austria

BMO Real Estate Partners (BMO REP) today announced the first close of its newly launched BMO Residential Europe Fund, which has a target investment volume of €800 million.

Westcore Europe has purchased Weikersdorf Industrial Park, a 21,400 m² industrial property to the south of Vienna, close to Wiener Neustadt airport, from Canadian-based Granite REIT. The Weikersdorf Industrial Park is a mix of industrial and ancillary office space, with 50% of the existing floorspace leased to automotive supp...

Hamburg Trust has purchased an Austrian residential development in Graz for its special AIF “domiciliumINVEST 15 Austria”. The “Wohncampus Reinighaus” has 133 residential units on a total area of approximately 6,800 m2. In addition, there are around 510 m² for three commercial units on the ground floor. Completion is schedule...

Signa Development Selection AG (SDS) has successfully issued its first green bond. The Senior Unsecured Green Bond issue – SDS’s first capital market transaction – has a volume of €300 million, a 5-year maturity and a 5.50% p.a. coupon.

Over the next five years, additional logistics space demand of around 4 million square metres is expected in Germany and Austria, attributed solely to booming online retail. Real estate investors are aware of the development. Due to the pandemic, the development of rents in 2021 is not very dynamic and depends heavily on the ...

Garbe Research recently investigated the changes in prime rents for logistics real estate in 30 European countries. In a total of 16 national markets, absolute logistics rents increased between the first half-year of 2020 and the first half-year of 2021. The fastest growth in prime rents per square metre was registered in Slo...

Starwood Capital has increased the offer price for the public takeover offer of CA Immobilien Anlagen AG.

Silvia Schmitten-Walgenbach is appointed as the new Chief Executive Officer (CEO) with effect from the beginning of 2022 for a period of three years until December 31, 2024. She succeeds CEO Andreas Quint, who will retire when his Management Board mandate expires on 31 December 2021.

Shortly after the takeover of S Immo AG failed .

At the shareholders’ meeting of S Immo AG, a majority of roughly 61% of the shareholder capital in attendance voted in favour of the resolution on the maximum voting right. However, the resolution failed to receive the required 75% majority. Publications on the exercise of voting rights and an analysis of voting behaviour sho...

Greystar Real Estate Partners LLC today announced a new ‘develop-to-core’ venture with a global institutional investor focused on funding purpose-built and designed multifamily rental housing across Germany and Austria, targeting a gross development value (“GDV”) of €1 billion.

Greystar Europe Investment Management B.V. closed €725 million in equity commitments into its flagship pan-European value-add discretionary vehicle. The vehicle received equity commitments from a diverse group of global institutional investors from Continental Europe, North America and Asia-Pacific including both new and exis...

Palmira Capital Partners has concluded the first investment acquisition for the ECLF (European Core Logistics Fund). The vendor was Meir Logistik Center GmbH.

Supported by sustained portfolio growth in 2020 and the completion of profitable property sales and successful project pre-letting in the first quarter of 2021, CA Immo is starting 2021 with an extremely positive first quarterly result. All key financial figures were increased compared to the previous year, and the value of p...

In connection with the takeover offer launched by Immofinanz to the shareholders of S Immo published today, the Executive Board and Supervisory Board of Immofinanz have decided to postpone the ordinary shareholders’ meeting of Immofinanz. As already announced, the offer price amounts to 22.25 euros per share, announced Immof...

At yesterday's Annual General Meeting of CA Immobilien Anlagen AG, the distribution of a dividend for the 2020 financial year of €1.0 per share resolved (2019 financial year: €1.0 per share). The dividend is due for payment on 21 May 2021 (dividend payment date); the ex-dividend date is 19 May 2021.

The 40-year-old Viscius remains a member of CA Immo’s Management Board until December 31, 2024. The company thereby managed to expire the mandate of the former Vice President of Starwood Capital Group at an early stage for the longer term.

The planned takeover is likely to take some time. According to Immofinanz, the Austrian Takeover Commission exercises the procedural right for a longer review of the offer document. The final review of the offer document by the senate of the Austrian Takeover Commission shall take place in a timely manner.