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Almost one and a half years before completion, UBM Development and its joint venture partner S Immo have sold the last section of the Quartier Belvedere Central (QBC) to the international investor EPH Eastern Property Holdings. The forward deal covers the QBC 1 & 2 office properties with over 38,000 m² of lettable space and t...
Today the ground-breaking ceremony for the terminal development programme was held in the presence of Lower Austria’s Provincial Governor Johanna Mikl-Leitner, Vienna’s Mayor Michael Ludwig and the Members of the Management Board of Vienna Airport.
Commerz Real has sold the Vienna office property Optimum for approx. 55 million euros to a core-plus investment vehicle managed by Conren Land. Built in 2000, the building at Dresdner Straße 81-85 / Traisengasse 1 in the partial market Prater / Lasallestraße has been in the portfolio of the Commerz Real open-ended real estate...
UBM Development acquired a property in one of Vienna's best locations from S IMMO at the beginning of July. It is located between Siebenbrunnengasse and Stolberggasse in the Fifth District and was owned by S Immo AG since 2015. Several buildings are situated at the site, which covers over 9,000 m².
Dr Ralf Schneider (52) left CA Immo on 30 June 2019 at his own request, in order to pursue new opportunities in the real estate industry. He will become a partner and managing director at RT² Projektentwicklung GmbH, where he will be responsible for urban district and project development in cooperation with well-known portfol...
The listed real estate investment company S Immo AG continued its positive trend in the first quarter of 2019 and saw further improvements in key figures. “S IMMO is once again on course for substantial growth in the current financial year. We achieved a significant increase in revenues and a further improvement in key operat...
Since the Signa Group acquired the long-standing company Kika/Leiner in June 2018, the investment company has focused all the company's activities on its Austrian core business again. Previously operated independently of the Austrian core business, Kika's eastern European business has now been sold to XXXLutz as part of this ...
Quadoro Real Estate GmbH, consultant to the GENO EuropaFonds, Wien fund, has brokered the sale of the “T-Center” in Vienna’s 3rd district to a South Korean investor consortium led by KTB Investment & Securities and KTB Asset Management. At approximately €300 million, the sale is one of the largest real estate transactions in ...
Hyatt Hotels Corporation announced today that Andaz Vienna Am Belvedere opened on 30 April 2019, marking the Andaz brand’s entry into Austria. Located in the new Quartier Belvedere, the property is the fourth Andaz branded hotel in Europe, joining Andaz London Liverpool Street, Andaz Amsterdam Prinsengracht and the recently o...
Vonovia SE (is making a successful start to 2019. In the first three months of 2019, Vonovia increased its Group FFO (operating result after interest and taxes) to € 303.6 million (Q1 2018: € 253.0 million). This development is due largely to the acquisition of Victoria Park in Sweden and Buwog in Austria.
The Supervisory Board of Immofinanz AG will make a proposal to shareholders at the 26th annual general meeting on 22 May 2019, which calls for the election of Bettina Breiteneder and Sven Bienert to the Supervisory Board. Both are well-known managers with many years of experience in real estate and finance as well as extensiv...
Tishman Speyer Investment Management GmbH (TSIM) has acquired the Wohnturm 2 residential tower in a project in Vienna’s Schweizergarten park from Signa Development Selection AG, via a Special AIF for German insurance group Versicherungskammer.
AEW has appointed Bianca Kraus as a Director of Investor Relations with responsibility for German-speaking clients. Kraus will be based in Munich and will sit within the international Investor Relations team, with responsibility for building and managing relationships with institutional investors in Germany, Austria and Switz...
The Supervisory Board of CA Immobilien Anlagen AG appointed Dr. Andreas Schillhofer (47) member of the Executive Board and new CFO of the Company with effect from 1 October 2019 or earlier. Dr. Andreas Schillhofer held executive positions with various financial institutions, amongst others Mediobanca, Bank of America Merrill ...
Nuveen Real Estate and premier developer Value One have announced a €600m joint venture investing in pan-European purpose-built student accommodation. The vehicle will be seeded with three assets – one standing investment in Vienna and two developments in Lisbon and Porto to be delivered over the next two years.
The Empira Group is launching the new “Empira Real Estate Finance Fund IV“, the company’s fourth debt fund by now. “The new fund offers an innovative Joint-Venture-approach,“ explains Lahcen Knapp, CEO of the Empira Group. The product combines mezzanine capital with relatively low current interest rates and a share in the fin...
Vonovia achieved very positive results in the 2018 fiscal year. The company increased its FFO 1 (operating result after interest and taxes) by 15.8 % to € 1.07 billion (2017: € 919.5 million). This development is due largely to the acquisition of Victoria Park in Sweden and Buwog in Austria. Investments in the portfolio, as w...
Immofinanz’s portfolio concentration on office and retail properties and the clear brand policy are producing sustainable success: The occupancy rate in the standing investment portfolio continued to improve in 2018 and, at 95.8%*, reached a new record level in the company’s history. That represents an increase of 1.6 percent...
