Austria

VGP and Areim have agreed on the third closing of their 50:50 joint venture, SAGA. The €509 million transaction includes 17 logistics buildings and one parkhouse, adding 424,000 sqm of lettable area across seven countries. Closing is expected in December, pending merger clearance.

Flughafen Wien AG has pulled the plug on its flagship third runway project. Projected construction costs have soared to around €2 billion, and major airline clients have pushed back against higher fees intended to finance the expansion. The decision prompted a downward revision of the 2025 earnings guidance to approximately €...

Construction work has begun on the Theater im Prater in Vienna. The musical theatre, which will seat around 1,800 people, is a joint project between the City of Vienna and ATG Entertainment and is scheduled to open at the end of 2027. The plan is to create a sustainable cultural building that will also have an economic impact...

At the beginning of 2027, MHP Hotel will take over the traditional Hotel Savoyen Vienna in Vienna's embassy district, which is currently still operated by Verkehrsbüro Hospitality. As part of the lease agreement, MHP and Midstad have agreed on a comprehensive modernisation of the 310-room hotel. It will then be repositioned u...

With 77 properties in several countries and over 2,500 new tenants, International Campus is entering another record year. The Fizz and Havens Living concepts are particularly popular – both are almost fully occupied.

UBM Development AG has successfully placed a new green bond on the capital market. The total volume of the 2025–2030 issue (ISIN: AT0000A3PGY9) amounts to €75 million. In addition to fresh capital, a significant portion comes from the exchange offer of two existing bonds.

Premier Inn has announced an agreement to acquire eight leased hotels from Gorgeous Smiling Hotels (GSH) in Germany and Austria. The move is part of Premier Inn Germany’s strategic growth plan to become the leading brand in the budget segment, according to the company. The purchase price remains confidential. The properties a...

Wyndham Hotels & Resorts and Gorgeous Smiling Hotels sign agreement for 25 new properties in Germany and Austria. The partnership covers 2,500 rooms in central locations such as Munich, Stuttgart, Hanover, and Vienna, following the merger of GSH with the Aspire Hotel Group.

In southern Vienna, an Austrian investor group has acquired the retail park Center AltErlaa. The seller was the open-ended fund of LLB. The local supply center, offering around 9,000 sq m of rental space, convinced investors with its strong footfall and stable tenant structure.

Wyndham Hotels & Resorts and Gorgeous Smiling Hotels (GSH) have signed an agreement for 25 new properties in Germany and Austria. The partnership covers 2,500 rooms in central locations such as Munich, Stuttgart, Vienna and Hanover, following the merger of GSH with the Aspire Hotel Group.

The KanAm Grund Group and the Barceló Hotel Group have formed a joint venture to develop and operate 4- and 5-star hotels in Western and Northern Europe. The focus is on core+/value-add investments in dynamic European hotel markets. “This partnership opens up opportunities for us in a growth sector with high return potential,...

Quantum has acquired a residential property with 77 privately financed units in Vienna’s 5th district from Walter Real Estate GmbH for a separate account mandate. Completed in 2018, the centrally located asset stands out with its urban residential concept, high-quality fittings, and an underground car park with 50 spaces.

Catella Investment Management has acquired a 192-unit residential complex in Vienna-Floridsdorf on behalf of its Article 9 fund CER III. The property, built in 2014, spans 15,900 sqm and offers sustainable features, modern amenities and strong public transport links.

At the turn of the year 2025/26, Lukas Schwarz will take over as Managing Director of CBRE Austria. His predecessor, Andreas Ridder, founder and long-standing head of the company, will remain with the firm in an advisory capacity. Schwarz brings many years of experience from senior positions at CBRE and Immofinanz.

Savills Investment Management has strengthened its German transactions team with the appointment of Maximilian Stöcklein as Senior Transaction Manager. He joined on 1 September 2025.

Greystar has appointed Mathias Keller as Director – Investment, Germany & Austria, to oversee transactions. His appointment reinforces Greystar’s commitment to expand in the region and signals its readiness to deploy substantial capital into new opportunities across Germany and Austria.

CA Immo has cancelled approximately 5.3 million of its own shares, reducing its share capital accordingly. At the same time, the company is launching a new share buyback program with a volume of up to 2% of its share capital. One of the goals is to increase shareholder value.

CA Immo returned to profitability in the first half of 2025. Higher rental income, lower costs, and successful property sales led to a consolidated net profit of €31.3 million. The core office business remains clearly in focus, and the annual forecast is confirmed.