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Union Investment is entering the growing micro-living segment. The Hamburg-based investment manager has acquired the Milestone Graz micro apartment complex for its new real estate special fund Urban Living Nr. 1. Consisting of 378 residential units, the property is let on a long-term lease to Milestone, one of the most experi...
Corpus Sireo Real Estate has been awarded with the contract for the asset management of ORL portfolio belonging to Profond Investment Foundation. The mandate comprises all services in the area of strategic and value chain-oriented management for the office, retail and logistics real estate portfolio (ORL for short), including...
ING Wholesale Banking has refinanced the office building known as Big Biz C in Vienna for AFIAA Foundation for International Real Estate Investments - an investment foundation for Swiss pension funds – with a €26 million term loan and LTV of c. 50%. The Big Biz C is a modern 20,940 m² 'green' office building that was complete...
The new Catella Market Tracker “Sustainability funds in the real-estate industry – focus on Europe” analyzed the market for sustainable real-estate funds: the results indicate a clear focus of investors on Germany, Switzerland and Austria.
Niu, the new brand of the Novum Hotel Group, is expanding, and its next strategic site in Europe will be Vienna. In December 2018, the group will be opening a brand new 159-room hotel, developed by the Bridge Group, at Dresdner Str. 111.
With the support of Modesta Real Estate, Wolseley sold a commercial property in Schemmerlstraße 66-70 in Vienna-Simmering. The property is notable for its strategic location and close proximity to the city centre. It encompasses a total area of 29,511 m² as well as 5,370 m² of office space, 13,900 m² of warehouse area and 4,0...
Following the acquisition of Austria's highest hotel and office building, Vienna's DC Tower 1, at a three-digit sum on behalf its open-ended public fund Deka-ImmobilienEuropa, Deka Immobilien strikes again. The Frankfurt-based company announced the successful purchase of the two office properties „Hoch Zwei“ as well as „Plus ...
The Austrian hotel group Vienna House and the Thai hotel management company Absolute Hotel Services Group (AHS) have established a joint venture with the purpose of opening new hotels of their respective brands on the European and Asian markets.
Conwert Immobilien Invest SE announces that Vonovia SE as main shareholder of Conwert, and the administrative board of Conwert yesterday have jointly set the adequate cash compensation to be paid to Conwert's minority shareholders in the course of the initiated squeeze-out proceedings to €17.08 per share. Furthermore, Vonovia...
Flughafen Wien AG, the operating company of Vienna Airport, and Austrian Airlines, are extending the contract for ground handling. The agreement encompasses the entire aircraft handling on the airport apron, such as boarding and deboarding support with buses and passenger stairs, the loading and unloading of baggage and cater...
During the last months, Vienna's investment market has become increasingly popular to investors due to its low vacancy rate, the high quality of the properties, relatively low rental costs for office space and higher returns, compared to other European cities. This is also proved by the latest deals: In the course of a forwar...
KGAL Group has concluded the first conversion of a closed-ended property fund into an open-ended special property fund. Within six weeks from offer acceptance to signing, KGAL’s €300 million portfolio Austrian portfolio was adapted in exceptionally quick time, in partnership with Hansainvest Hanseatische Investment GmbH to it...
According to a Vienne City Report by Knight Frank, Vienna’s strong level of take-up in 2016 was driven mainly by occupiers focussing on workplace optimisation. Despite 2016 being a lean year in terms of new supply, the next two years will see a stronger development pipeline. Prime rents have remained stable at €25.75 per sq m...
Hardly any other industry has been under as much pressure in recent years as the private hotel industry in Vienna. Hotel market specialist Christie & Co has examined the market developments in a recent study and surveyed private hotel owners and operators in the Austrian capital on their assessment of the challenges facing th...
Shareholders approved a dividend of six Euro cents per share for the abbreviated 2016 financial year today, Thursday, at the 24th annual general meeting of Immofinanz AG. The distribution will total approx. €63.2 million. The ex-dividend date is 2 June 2017, and payment will be made on 7 June 2017. The shareholders also appro...
Buwog AG has confirmed the conclusion of the cash capital increase, which was publicly announced on 15 May 2017. It covered the placement of 12,471,685 new shares at an offering and subscription price of €24.50 per new Buwog share. The offering and subscription price was determined by a bookbuilding process, taking into accou...
The entire equity stake of Vienna International Hotelmanagement AG (Vienna House) has been acquired by Vienna House Capital. In the months since the contract signing in mid-February, the agreement was prepared for closing, subjected to an antitrust review and confirmed on 31 May 2017. Vienna House Capital is the Austrian subs...
S Immo posted once more a solid result for the first three months in 2017. Total revenues saw a slight increase despite sales in the previous year, the financial result was improved significantly and FFO increased sharply. 2016 was an outstanding record year with a total valuation gain of €194m. The operating key indicators r...
