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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 ...
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.
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.
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...
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...
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...
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.
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...
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...
Zech Group to partner with the Austrian pioneer of timber-hybrid construction. Acting as a platform too is the logical next step in the international growth strategy. First joint project has already begun.
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 ...
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.
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 phases of the development, named „Das Ensemble“,...
