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UBM Development has sold the “Office Provider” complex: The property in Vienna‘s Favoriten district was acquired in early 2017 and transformed into an office world 4.0 within two years. The refurbishment led to a substantial increase in the value of the location, which on one floor hosts UBM’s headquarters, within a short tim...
With the acquisition of a contemporary annex building to Mühldorf retail park in Feldbach, Styria from Rutter Immobilien Group, KGAL Group is expanding its real estate portfolio in Austria. The property will become part of an open-ended special property fund focused on the country, which is administered by Hansainvest Hanseat...
The renovation work for the new office and hotel tower at the myhive location on the Wienerberg in Vienna is proceeding on schedule: Immofinanz celebrated the topping-out ceremony yesterday, Tuesday, together with district representatives, the architects Holzbauer & Partner, the future hotel operator Novum Hospitality and the...
Amundi Real Estate has acquired MQM 3, the largest of the three components of the Media Quarter Marx in Vienna for one of its funds. The seller was Media Quarter Marx Errichtungs- und Verwertungs GmbH, which is owned by Wien Immobilien GmbH and VBM Beteiligungsmanagement GmbH. MQM 3 at Maria-Jacobi-Gasse 1 has a rental area o...
UBM Development remains on record course after nine months: Earnings per share rose substantially by 30% year-on-year to € 3.66 in the first three quarters. The other fundamental parameters like Total Output (+26.5% to €670m) and EBT (+15.8% to €35.4m) also suggest that the full 2018 financial year will top the previous recor...
UBM Development has expanded its project pipeline with a significant large-scale project in Vienna: at a top location, within walking distance of the Inner City, UBM is acquiring a development site with over 23,000 m² from the Reitenburg Group through a 90% investment in the project development company Donauhof GmbH & Co. KG....
The European rating agency Scope, together with media partner Handelsblatt, presented this year’s Investment Awards, recognising outstanding asset management and the best fund concepts. This year’s award recipients were chosen from a pool of over 4,500 funds and 280 asset managers.
A niche product achieves maturity: According to Catella Research, student housing is evolving from a hidden champion to emerge as an asset class that is recognised and sought after throughout Europe. In the Netherlands, Germany and France especially, student housing and Micro-Living have gained considerable momentum in recent...
Aareal Bank AG has provided a five-year financing of €447 million for a European hotel portfolio managed by Pandox AB. The portfolio comprises a total of 14 high-quality hotels in the upper full-service segment, in first-class locations in Austria, Belgium, Germany, and the Netherlands, with a total of approximately 3,600 roo...
Real I.S. AG has signed a rental agreement with Siemens Mobility GmbH in an office property in Brehmstrasse 12, Vienna, with a term through to June 2024. The total rental area amounts to around 1,800 sq m. Brehmstraße is part of a closed-end real estate fund. Along with the rental agreement, an extension of the space was also...
With its acquisition of Hollabrunn retail park, KGAL expands its real estate portfolio in Austria. “We’ve already been successful in our international ‘shopping expedition’ this year and are now delighted to take our globalisation strategy one step further with this attractive retail investment. The property is a leading shop...
Volksbank Wien will occupy approximately 14,000 sqm of office space in the CA Immo portfolio building on Dietrichgasse/Haidingergasse from the end of 2019 on a long term basis. The portfolio office building on Dietrichgasse/Haidingergasse in the Lände 3 district has a rentable area of around 50,000 sqm along with 1,450 car pa...
Frasers Property Europe has acquired a property portfolio from Tristan Capital Partners and its joint venture partner via the acquisition of 100% of the shares of the respective subject entities. The property portfolio consists of three institutional grade logistics warehouses in Austria. The three properties comprise over 46...
The Luxembourg fund manager AviaRent Capital Management S.à r.l. and its French cooperation partner, Primonial, have launched their first joint European fund for institutional investors. For a total investment volume of around €60 million, a nursing home portfolio with seven properties in Austria has been acquired in a share ...
Europa Capital and its joint venture partner Garbe Industrial Real Estate have acquired a light industrial and logistics portfolio on behalf of its pan-European value-add fund, Europa Fund V, for €92.5m from a joint venture between Crossroads European Real Estate Fund and Palmira Capital Partners. The 183,000 sq m portfolio ...
CA Immo is pooling its operational real estate areas under a newly established tier of management. As Head of Real Estate Business Operations Austria and CEE, Markus Kuttner will be responsible for Asset and Investment Management as well as Development and Engineering in Austria and the CEE core markets. Meanwhile Michael Mor...
Ralf Otzen (49) has taken up his new position as a member of the Board of Directors of the subsidiary of AviaRent Capital Management S.à r.l. retroactively to June 1, 2018. Since the end of 2016 Ralf Otzen has been with AviaRent Invest AG as Head of Operations and was responsible for Corporate Management, Human Resources and ...
