Austria

Commerz Real Capital Management Company (Kapitalverwaltungsgesellschaft, KVG) has purchased a residential complex currently under construction in Vienna with 378 serviced apartments for its “Commerz Real Institutional Smart Living Europe Fund”. The seller is a joint venture between the project developer S+B Gruppe and the mic...

Hines announces a new lease with Nespresso in Vienna's Kärtnerstrasse. The future anchor tenant has leased three floors and is planning a new Nespresso flagship boutique at the location. Since taking over the asset management mandate, Hines has been working on the strategic realignment of the residential and commercial buildi...

After a record-breaking year 2019, when hotels worth more than €1.25 billion changed owners in Austria, the signs for the first quarter of 2020 were still very positive. But then everything turned out differently. After a significant drop in transaction volume due to Covid-19 in the first half of 2020 with a hotel investment ...

Union Investment Real Estate Austria AG is expanding its senior leadership team. Petia Zeiringer has been appointed to the management board with effect from 1 January 2021. As a new board member, Zeiringer will be responsible for fund management and asset management.

Garbe Industrial Real Estate GmbH just acquired a portfolio of four logistics assets for its institutional German fund, “Garbe Logistikimmobilien Fonds Plus” (“GLIF+”). Three of the properties are located in Germany, specifically in the towns of Hof, Nohra and Münster, while the fourth one is located in the Austrian capital V...

Culture impacts everything in day-to-day life, from food to housing choices. Although within one continent, European countries differ significantly – and this includes their views on housing habits. In the UK, renting is often seen as less favourable and every UK resident appears to be in a rush to get onto the property ladde...

In August 2019, EPH European Property Holdings Ltd. signed the forward purchase transaction regarding the acquisition of prestigious QBC 1 & 2 in Vienna, Austria from the joint venture partners UBM Development (66%) and S Immo (34%) . The closing now took place on December 29, 2020.

Immofinanz is continuing the expansion of its Stop Shop retail park brand with the acquisition of eight properties. The Austrians acquired six of them from Mitiska REIM as part of a portfolio deal. The six fully let retail parks are located in Serbia and the Czech Republic and have a lettable area of ​​around 43,000 m².

Catella Residential Investment Management (CRIM) has acquired an Austrian residential development for around €70 million on behalf of the Catella European Residential Fund (CER) from Austrian property developer Wohnkompanie. The purchase follows a €100 million equity ‘top-up’ to the Fund from existing investors in September 2...

Primevest Capital Partners has purchased a residential development for approximately €18.5 million in My Smart City Graz, Austria on behalf of a German pension fund. The project, located on Waagner-Biro-Strasse and the corner of Dreierschützengasse, comprises 86 subsidised apartments and two commercial units, totalling some 5...

In the Ungargasse in Vienna’s third district, Immofinanz has opened a further Austrian myhive office building at a central location and set high, innovative standards for the design of modern office solutions on the Vienna real estate market. The building covers 17,200 sqm of modern office and community rooms combined with pe...

Real I.S. has acquired the “TownTown CB 06” office building in Vienna for its open-ended Realinvest Europa fund for private individuals from Commer Real. The fund manager acquired the property after completion in 2008 on behalf of its open-ended fund Hausinvest. The property, which has a total rental area of around 5,200 sqm,...

Immofinanz recorded an increase in rental income and in the results of asset management and property sales during the first three quarters of 2020 despite the Covid-19 crisis. FFO 1 (before tax) was only slightly lower than the previous year at € 89.2 million. After an adjustment for the straight-lining of a bond coupon payme...

Despite a positive valuation contribution in the 3rd quarter, the negative revaluation result – as a result of the pandemic and its various effects – continues to have a negative impact on consolidated net income. An FFO I of € 104.7 m was generated in the first nine months of 2020, 3.3% above the previous year’s value of € 1...

Catella Residential Investment Management (CRIM) has purchased two apartment developments in Vienna, Austria and one in Nieuwegein near Utrecht in the Netherlands for a total of around €90 million. The acquisitions were made on behalf of the Catella European Residential Fund III (CER III).

Palmira Capital Partners, acting on an individual client instruction, has acquired the fulfilment centre of the international logistics company DB Schenker AG, in the Cargo Center Graz (CCG). The vendor was a consortium of investors based in Graz. The parties have agreed not to disclose the purchase price.

CapitaLand’s wholly owned lodging business unit, The Ascott Limited has signed an agreement with Signa Real Estate and ARE Austrian Real Estate to manage Citadines Danube City Vienna, Ascott’s first serviced residence in Austria. Scheduled to open in Q4 2022 in the Austrian capital Vienna, the 223-unit property is being built...

As of December 1, 2020, Sascha Malsy (39) will lead the Real Estate Finance division for Germany, Austria and the Czech Republic. Malsy succeeds Michele Monterosso, who will be developing a new sector as Global Sector Lead for Construction.