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Austria

Modesta promotes Antonia Vrcic to Director and Head of Agency

As an international associate of Savills in Austria, Modesta Real Estate is part of a global network that spans the entire spectrum of all property asset classes. With Antonia Vrcic's promotion to Director and Head of Agency, she will now further build up Modesta's rental team to further strengthen this network.
Wednesday, 12. June 2024

CA Immo appointed new Head of Asset Management Austria and CEE

Vojtech Ozorovsky joined CA Immo as Senior Asset Manager in 2020 and has now been appointed Head of Asset Management Austria & CEE, taking over responsibility for all asset management activities in Austria, Hungary, Poland, Czech Republic and Serbia, including leasing, tenant relations, and comprehensive management of the inv...
Monday, 10. June 2024

Immofinanz starts the year on a strong operational footing

The Immofinanz Group has made a good start to the year: Rental income rose by 11.5% year-on-year to € 143.2 million. After an adjustment for new acquisitions, completions and sales, the like-for-like rental income recorded by Immofinanz (excluding S Immo) rose by a solid 6.4%. The results of asset management increased by 14.3...
Wednesday, 29. May 2024

Immofinanz starts squeeze-out at S Immo

Today, the Supervisory Board of Immofinanz AG approved the commencement of preparations for a squeeze-out of S Immo AG in accordance with the Austrian Squeeze out Act (Gesellschafter-Ausschlussgesetz). In the course of the squeeze-out, shares in S Immo (AT0000652250) held by minority shareholders shall be transferred to Immof...
Friday, 24. May 2024

CA Immo with significant drop in profits

Ca Immo reports a slump in profits for the first quarter: at € 16.1 million, consolidated net income was around 48 per cent below the previous year's figure of € 30.8 million. Earnings per share amounted to € 0.16 as at the balance sheet date (31 March 2023: € 0.31 per share). FFO I of EUR 26.7 million was generated as at 31 ...
Wednesday, 22. May 2024

C&W expands into Austrian market

Cushman & Wakefield has signed an exclusive affiliate agreement with CBS International to deliver commercial property services in Austria. The affiliate agreement builds upon an existing successful relationship between the two firms, with CBS International having been Cushman & Wakefield’s affiliate in Serbia and Montenegro s...
Thursday, 16. May 2024

Strabag acquires parts of Vamed and expands service portfolio

Strabag has signed a purchase agreement together with Porr for parts of the Vamed Group, specifically for the technical operations management and construction projects divisions of Vienna General Hospital (AKH Wien) as well as Vamed's Austrian project development business and its Austrian spa holdings, for a total purchase pr...
Wednesday, 8. May 2024

ARE and UBM lay foundation stone for Park Homes in Vienna

ARE CEO Hans-Peter Weiss, UBM CEO Thomas G. Winkler and Habau CEO Hubert Wetschnig laid the foundation stone for 135 privately financed condominiums together with district representative Erich Hohenberger. By laying the foundation stone for Park Homes, the partners are also heralding the start of marketing for new privately ...
Tuesday, 7. May 2024

Euro Real Estate buys City Tower Vienna for €150m

United Benefits Holding realises the purchase of the „Justizzentrum Wien Mitte“ for Euro Real Estate with a transaction volume of more than €150 million. The major deal with Immofinanz is the largest office transaction on the Austrian real estate market so far this year.
Monday, 6. May 2024

Siemens Austria renews contract with Apleona

Siemens Austria has renewed its contract with Apleona for the performance of integrated facility management for a total of eleven locations in Austria ahead of schedule for an additional three years with effect from October 1, 2024. A corresponding service agreement was signed at the end of March with the option of a further ...
Thursday, 2. May 2024

Limehome hits new heights with 6,800 apartments

Limehome grew its portfolio by almost 14 percent in the first quarter of 2024. By the end of March, the company signed a total of 800 new apartments, bringing the total European portfolio to 6,800 apartments. The majority of new leases are located in Austria, Portugal, Spain, and Italy, emphasizing the company's status as one...
Wednesday, 24. April 2024

UBM lays foundation stone for LeopoldQuartier Office Vienna

UBM Development laid the foundation stone for LeopoldQuartier in the presence of numerous political and business representatives. The first phase of construction will be the 22,000 m² LeopoldQuartier Office, a timber-hybrid building.
Friday, 19. April 2024

EPH wants to change bond terms

EPH European Property Holdings has decided to suggest to the holders of the company‘s bonds with ISIN CH1177348302 and with a total nominal value of €122,175,000 to amend certain terms of these bonds:
Monday, 15. April 2024

JP and JP HIC celebrate milestones

JP and JP Hospitality Investors Club celebrate major milestones with successful deployment of capital to six hotels across Europe and opening of the Hoxton Vienna.
Thursday, 11. April 2024

Immofinanz 2023 with strong operating performance

Immofinanz Group generated strong growth in rental income and operating results during the 2023 financial year. This sound development was based primarily on the full consolidation of S Immo, the purchase of retail properties, and solid growth in like-for-like rental income. Rental income rose by 77.8% year-on-year to €533.6 ...
Thursday, 28. March 2024

S Immo increases in key earning figures

The S Immo AG noted a significant increase in key earning figures in 2023. The rental income increased by more than 30%, mainly due to the acquisition of high-yielding properties. Income from hotel operations improved year-on-year to €70.0m (2022: 56.4m). The sales volume totalled €682.4m (2022: 49.2m) and mainly related to G...
Tuesday, 26. March 2024

CA Immo pays dividend despite high write-offs

CA Immo reports a loss of € 224.5 million for the 2023 financial year due to the revaluation of the portfolio. CA Immo reports a loss of € 224.5 million for the 2023 financial year due to the revaluation of the portfolio. Nevertheless, the company is maintaining its dividend policy and plans to pay out a dividend of €0.80 pe...
Thursday, 21. March 2024