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» Chronological View: " Austria " «

BVK and Universal-Investment launch a new fund for retail parks

A new institutional real estate fund is being launched for Bayerische Versorgungskammer (BVK) on Universal-Investment's AIF platform in Luxembourg, which should achieve a total volume of €250 million. Blue Asset Management was mandated to provide investment advice and real estate management services.
Monday, 15. January 2018
CA Immo: Property sales in 2017 generated proceeds of € 370 m

CA Immo: Property sales in 2017 generated proceeds of € 370 m

CA Immo successfully signed property sales with a total volume of approx. €370 m. Around 90% of sales proceeds were accounted for by contracts signed in the fourth quarter of 2017 – among them the sale of the Frankfurt Tower 185, CA Immo's largest single transaction of the year . Sales prices achieved in 2017 on average were ...
Thursday, 11. January 2018
ORBI Tower: Bank Austria Real Invest announced closing

ORBI Tower: Bank Austria Real Invest announced closing

Following the closing on 15 December 2017, the ORBI Tower in Vienna TownTown, which is uniquely innovative in concept and execution, has been successfully handed over to the new owner, Bank Austria Real Invest. The contracting parties have agreed not to disclose transaction details and the purchase price. Bank Austria Real In...
Wednesday, 27. December 2017

CRIM acquires developments in Rostock and Vienna

On behalf of Catella Wohnen Europa investment fund, CRIM has acquired a total of 234 residential units in Vienna and Rostock with leasable space of 8,634 m² under a mandate from a southern German utility. Catella Residential Investment Management GmbH (CRIM) is a subsidiary of the Swedish Catella Group focused exclusively on ...
Tuesday, 19. December 2017
CBRE GI lets IZD Tower in Vienna to Huawei

CBRE GI lets IZD Tower in Vienna to Huawei

CBRE Global Investors has let approximately 2,000 sqm to Huawei Technologies and extended leases with Borealis AG, an international plastics and chemicals group, and Zumtobel Lighting Austria GmbH, at its flagship IZD Tower in Vienna.
Tuesday, 19. December 2017

Vonovia announces cash offer to all Buwog shareholders to acquire their shares

Vonovia SE and Buwog AG have today signed a business combination agreement for the combination of the two companies. On this basis, Vonovia intends to make a voluntary public takeover offer for all outstanding shares. Shareholders are to be offered €29.05 in cash per Buwog share. This cash offer, which is expected to be publi...
Monday, 18. December 2017
Warimpex: Supervisory Board nominates Daniel Folian as new CFO

Warimpex: Supervisory Board nominates Daniel Folian as new CFO

The Supervisory Board of Warimpex Finanz- und Beteiligungs Aktiengesellschaft (Warimpex) nominated Daniel Folian as a member of the Management Board and the new CFO of Warimpex effective 1 January 2018. The corresponding resolutions will be adopted at the Supervisory Board meeting on 18 December 2017. The previous CFO of Wari...
Friday, 15. December 2017

Upstream merger squeeze-out of Strabag approved

Ilbau Liegenschaftsverwaltung AG, Hoppegarten, a subsidiary of Vienna Stock Exchange-listed construction group Strabag SE, has intended for some time to increase its stake in Strabag AG, Cologne, to 100 %. The plan is to merge Strabag AG into Ilbau and to acquire the 6.37 % free float share of Strabag AG through an upstream m...
Thursday, 14. December 2017
Rosewood Munich to open in early 2023

Rosewood Munich to open in early 2023

Rosewood Hotels & Resorts has been appointed by German real estate company Bayerische Hausbau to manage Rosewood Munich, which will open in early 2023 as the brand's first property in Germany and seventh property in Europe. Housed in two landmark, historical buildings comprised of the former headquarters of the State Bank of ...
Tuesday, 5. December 2017

Corestate divests €432m club deal development project in Vienna

Corestate Capital Holding S.A. has divested a club deal investment in a €432m development project in Vienna. The club deal encompasses Vienna's most prominent development projects, Triiiple and Danube Flats, with a total investment volume of €432m. Triiiple is located in the heart of the popular third district near the Danube...
Tuesday, 5. December 2017

KGAL expands its Austria retail portfolio with acquisition of MerkurCity centre

KGAL has secured MerkurCity, a modern retail centre in the city of Wiener Neustadt from Austrian real estate company Rutter Immobilien Gruppe. Following a complete renovation and successful expansion, the impressive retail property began operating at the beginning of November with 28,000 m² of rentable area. „We are very plea...
Thursday, 30. November 2017
Immofinanz sells Moscow-portfolio to Fort Group for €901m

Immofinanz sells Moscow-portfolio to Fort Group for €901m

The end is finally in sight: It is „no further reduction of liquidity through equity contributions for the Russian portfolio“ necessary, this is one of the key messages in the current Immofinanz sales announcement. The Austrian real estate group was able to sell its unprofitable retail portfolio in Moscow to the Russian Fort ...
Monday, 13. November 2017
Topping-out ceremony for „Der Rosenhügel“ in Vienna

Topping-out ceremony for „Der Rosenhügel“ in Vienna

Developers, architects, investors, workers, project partners and even prospective occupants and owners of the 204 freehold apartments at Rosenhügel came together to launch the final construction phase. After nearly one year of construction, the two project partners, Strauss & Partner Development, which is the Austrian subsid...
Thursday, 9. November 2017

Allianz and Helaba finance Austria Campus in Vienna

Allianz and Landesbank Hessen-Thüringen are financing the purchase of the first three parts of the major „Austria Campus“ project in Vienna on Walcherstrasse 1. The purchase is structured as a forward deal. The buyer is PGIM Real Estate, alongside renowned German and Swiss institutional investors. After completion UniCredit B...
Thursday, 2. November 2017

Leasinvest refocuses on two asset classes

Mid-October 2017, Leasinvest Real Estate has acquired two important retail parks in Austria, in district no 22 Stadlau of the City of Vienna for an amount of €56.2 million, furthering its growth in Austria. At the beginning of October, the three retail buildings located in Switzerland, in the Vaud Canton, were sold for a glob...
Tuesday, 31. October 2017
CA Immo holds topping out ceremony for ViE office building in Vienna

CA Immo holds topping out ceremony for ViE office building in Vienna

On Tuesday Dr. Hans Volckens, member of the CA Immo Management Board, Erich Hohenberger, district director for Vienna Landstrasse and Frank Fercher, divisional head at STRABAG, marked completion of the structural shell of CA Immo's latest construction project at Erdberger Lände, 1030 Vienna. The ViE office building, which spa...
Wednesday, 25. October 2017