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After reviewieng of its strategic options, Immofinanz is putting its 26 percent stake in peer CA Immo on the block. The 25.7 million ordinary shares are valued at around €706 million at current market prices. The company has previously indicated plans to evaluate strategic options in connection with the CA Immo investment, ...
A new institutional real estate fund launched on behalf of the German pension fund Bayerische Versorgungskammer (BVK) has acquired FMZ Stadlau retail park in Vienna from a core plus fund advised by Tristan Capital Partners for circa €39 mn.
TH Real Estate has agreed to enter into a 50:50 joint venture partnership with SES Spar European Shopping Centers, and acquired a 50% stake in the Austrian shopping centre Weberzeile.
The Austrian Takeover Commission has given US investor Starwood Capital green light for its bid of up to 26 percent in CA Immo and up to 5 percent in Immofinanz. Since then, both shareholders of real estate companies have the opportunity to accept the respective offers and tender their shares to Starwood Capital. The purchase...
The US investor Starwood Capital just got the green light for its € 800 million entry into Immofinanz and the Ca Immo , now he buys himself with 29.14 percent into the third Austrian player S Immo for a total of € 390 million. The real estate company has 19,499,437 bearer shares from member companies of the RPR Group (approx...
The Art-Invest Real Estate has realized the biggest direct investment of an international buyer in an Austrian residential development so far: For a residential special fund of an institutional investor in a forward purchase, the investment company have acquired five of the ten components of the development, named „Das Ensemb...
The majority (67%) of real estate professionals expect the volume of Asian investor capital entering the European real estate market to increase over the next two years, according to a new report commissioned by Intertrust. In contrast, just 7% of respondents think that volumes will fall.
The follow-up project is in the pipeline: Pegasus Capital Partners, together with developer Stonehill, is planning another apartment building in Vienna on a plot of 12,000 sqm. It will comprise around 190 units and is located on Dresdner Strasse. The planning application has already been submitted in the middle of January a...
According to the preliminary figures, the 2017 annual results for Warimpex Finanz- und Beteiligungs AG will be the best since the initial public offering in 2007, with a profit of €41.5 million. The excellent results were driven primarily by positive office property valuations and sales proceeds from the disposal of eight hot...
Following last year’s record figures, S Immo AG in the fiscal year 2017 recorded the second-best result in the the company’s history. Profits stood at €133.5 million, down from €204.3 million in 2016. Revenues declined from €198.8 million in 2016 to €191.4 million this year, with rental revenues accounting for €112 million. R...
After Immofiananz had left the Russian market, the company recorded a big leap in profits, which amounted to €181.0 million, up from a loss of €147.4 million in 2016. The ebit increased from €74.5 million to €107.6 million. Rental income was slightly higher at €234.5 million (2016*: €233.4 million) despite the continuing sale...
The executive board of Immofinanz passed a resolution to recommend the payment of a dividend of €0,07 per share for the 2017 financial year to the 25th Annual General Meeting on 11 May 2018. This recommendation is subject to the approval of the Supervisory Board.
The Swiss once again surpass the Germans and Austrians when it comes to purchasing power. But the available net income within each of these countries also varies markedly. None of the federal states or cantons encompassing the countries’ capitals top the national rankings: The purchasing power hotspots are elsewhere. However,...
Allianz Real Estate has opened an office in Vienna and appointed Thomas Villadsen to the new role of Director of Austria and Central & Eastern Europe (CEE). The move, which strengthens the firm’s presence across the region and builds on established assets in countries such as Austria, Hungary, Slovenia and Poland, is part of ...
Immofinanz has dismissed a bid by US private equity firm Starwood Capital Group for a stake in the Austrian property group, arguing that the price it was offering was too low. On Thursday, Starwood announced bids to acquire a quarter of CA Immo and a 5%-stake in its competitor Immofinanz, sending shares in both companies up .
Starwood Capital`s Opportunity Fund XI has placed a public tender offer to acquire up to 26% of Austrian real estate investor and developer CA Immo, as well as 5% of its rival Immofinanz. The companies had been considering a merger until talks were abandoned last month, and Immofinanz still owns 26% of CA Immo`s shares. Starw...
Commerz Real has signed a general contractor agreement with Austria’s S+B Group for development of the second Donau City Tower in Vienna. Under the agreement, S+B will not only be responsible for all construction and planning services, but also for the marketing and leasing of the building. Construction is set to begin in the...
Manuel Böcher (38) is the new Head of International Investment at Corpus Sireo Real Estate. As commercial lawyer, he took up his new position on 1 February 2018. One of his tasks involves providing support for Corpus Sireo Real Estate’s internationalisation strategy by acquiring properties in Europe, with a particular focus o...
