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» Chronological View: " Austria " «

Warimpex gets slightly negative result due to partial portfolio sale

The sale of eight hotel holdings last year also meant the elimination of sources of revenue for Warimpex Finanz- und Beteiligungs AG. As a result, the operating result declined slightly in the first quarter of 2018, which, along with exchange rate losses, led to a result of minus €3.0 million. The company is now shifting its ...
Wednesday, 30. May 2018

CA Immo rejects Starwood bid

CA Immo has decided against taking the offer from Starwood Capital Group for a 26 percent stake in CA Immo and for about 5 percent in rival Immofinanz. The acceptance period will therefore expire on 30 May.
Monday, 28. May 2018

CA Immo on course for further profitable growth

CA Immo remains on course for profitable growth thanks to an operationally strong first quarter. The on-schedule progress of the real estate development pipeline and the continuation of portfolio acquisitions in Eastern Europe have laid the foundations for further growth in earnings.
Friday, 25. May 2018

Union Investment acquires planned residential and commercial property in Vienna

Union Investment has acquired the planned EHK 107 residential and commercial property in Vienna via a forward funding deal. The scheme, named for its location at 105-107 Erzherzog-Karl-Strasse in Vienna’s 22nd district, will offer some 9,700 sq m of rental space. The vendor is the project developer, a subsidiary of the Vienna...
Thursday, 24. May 2018

Union Investment acquires student apartment complex The Fizz at Vienna’s main station

Union Investment has secured the planned “The Fizz Vienna main station” micro apartment complex on Helmut Zilk Park for its Urban Living Nr. 1 special fund via a forward purchase agreement. The property will comprise over 195 apartments in one of Europe’s most popular university cities and is scheduled for completion in autum...
Tuesday, 8. May 2018

CMS promotes seven real estate lawyers to partner

CMS has promoted seven new partners in the firm's real estate group, with the London team welcoming three new partners. Across the firm, CMS has promoted 47 to partner in 23 of its offices globally. Over 38% of these promotions are women, spread across 11 countries including Austria, Colombia, France, Germany, Peru, Poland, P...
Friday, 4. May 2018

Vonovia appoints Daniel Riedl to the management board

Following successful takeover of Buwog, Vonovia has appointed Buwog-CEO Daniel Riedl to the management board. He will be responsible for development and Austria with effect from May 10, 2018.
Wednesday, 2. May 2018

Rezidor opens nine hotels in the first quarter

Rezidor Hotel Group AB has signed nine new hotel openings representing close to 1,700 rooms in the first quarter of 2018. One of the key signings of the quarter was the Palazzo Montemartini in Rome, which will join the Radisson Collection in July 2018 . The signing of the Palazzo Montemartini - an Italian style icon that open...
Wednesday, 2. May 2018

Immofinanz confirms it sees Starwood's bid for stake as too low

The management board and the supervisory board of Immofinanz are in agreement: They recommend that shareholders do not accept the partial public takeover offer from Starwood Capital of €2.10 per share for up to 5% of Immofinanz. “The offer price of €2.10 per share (incl. dividend) is not appropriate”, said the Austrian compan...
Friday, 27. April 2018

Jamie Oliver’s Bar opens at Vienna Airport

It is the very first “Jamie Oliver’s Bar” of the British celebrity chef in all of Austria: the opening today, April 27, 2018 enables passengers to experience an even wider range of culinary options at Vienna Airport. The start-up of the bar completes the 841 m² overall concept of the British cook at Vienna Airport. The Jamie ...
Friday, 27. April 2018

Ares Management on shopping spree in Europe

Ares Management funds has acquired a Pan-European office portfolio with seven assets and completed also the acquisition of eight logistics properties in France, Spain and the Netherlands.
Friday, 27. April 2018

Immofinanz puts CA Immo stake on the block

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, ...
Friday, 20. April 2018

Green light for Starwood stake in Immofinanz and CA Immo

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...
Thursday, 19. April 2018

Immofinanz goes big with S Immo

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...
Thursday, 19. April 2018

German Art-Invest makes largest direct investment in an Austrian residential development

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 phases of the development, named „Das Ensemble“,...
Wednesday, 18. April 2018