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Austria

S Immo: Bonds with a nominal value of €104.5m called

Holders of the corporate bond 1.25% S Immo Green Bond 2022-2027 (ISIN AT0000A2UVR4) have called a nominal amount of €24,941,500 and holders of the corporate bond 1.75% S Immo Green Bond 2021-2028 (ISIN AT0000A2MKW4) have called a nominal amount of €79,550,500.
Monday, 8. August 2022

Greystar acquires Vienna resi development from S+B for €180m

Greystar has acquired a 380-unit residential development in Vienna-Brigittenau as part of its collaboration with a globally active institutional investor to build a diversified, high-quality rental housing portfolio in Germany and Austria. Austrian project developer S+B Gruppe is selling the project at a fixed price for turnk...
Monday, 8. August 2022

KanAm's Leading Cities Invest snaps up debut Austrian logistics property

KanAm Grund Group has acquired the last-mile logistics property Cross Dock Upper Austria for its open-ended real estate fund Leading Cities Invest. The building is situated in the Austrian municipality of Enns, near the city of Linz, and offers almost 13,000 square meters of space. Seller is the Meir real estate group, headqu...
Thursday, 4. August 2022

Hotel investment market: Institutional investors return

The first half of 2022 is over, and Christie & Co takes this opportunity to review the transaction activity in the Austrian hotel real estate sector. The focus remained clearly on leisure hotels, but some city hotels also changed hands, resulting in a transaction volume of over €230 million in the first six months.
Wednesday, 20. July 2022

Catella Modernes Wohnen fund invests €39 million in Vienna

Catella Modernes Wohnen (CMW), the German open-ended real estate fund, has acquired 121 affordable residential units in a new development in the western Ottakring district of Vienna for around EUR 39 million. Berlin-based Catella Residential Investment Management GmbH (CRIM) managed the acquisition on behalf of the CMW fund w...
Tuesday, 19. July 2022

Hotel Indigo opens hidden urban retreat in vibrant Vienna

Boutique hotel brand Hotel Indigo, part of IHG Hotels & Resorts’ Luxury and Lifestyle portfolio, has opened its first property in Austria, Hotel Indigo Vienna – Naschmarkt. Centrally located, the hotel is a short walk from the city’s historic centre, the ‘Margareten’ district, a culturally diverse neighbourhood, including eve...
Friday, 1. July 2022

Immofinanz plans sales for around €1 billion

Following the majority takeover by CPI, Immofinanz's management plans to focus even more on retail properties and myhive office solutions in the future, selling properties worth around one billion euros and reinvesting the proceeds in higher-yielding assets.
Monday, 27. June 2022

S Immo: Green light for CPI Property

Today, on 27 June 2022, S IMMO AG was informed that the Commercial Court today ordered the amendment of the Articles of Association to remove the maximum voting rights to be entered in the Commercial Register. The amendment to the Articles of Association will thus be visible and effective in the electronic commercial register...
Monday, 27. June 2022

CA Immo sells “Donau Business Center” in Vienna

CA Immo has successfully signed and closed the sale of the “Donau Business Center” office building, which comprises approx. 23,000 m² of gross leasable area (GLA). The transaction has closed at a premium to the book value as at 31 December 2021.
Monday, 13. June 2022

Immofinanz: Major shareholder CPI rejects dividend payout

Major shareholder CPI Property Group (77%) refuses to pay a dividend for the financial year 2021. This was announced by Immofinanz yesterday. The new primary shareholder proposes that the balance sheet profit stated in the financial statement of Immofinanz for the business year 2021 is carried forward in full onto new account.
Friday, 10. June 2022

Prizeotel celebrates debut in Austria

Directly at Vienna's main train station, Austria's first Prizeotel celebrated its opening this week. With 293 rooms, Prizeotel Wien-City is the hotel chain's second largest property after the flagship hotel in Hamburg.
Thursday, 9. June 2022

GalCap acquires „Space One“ in Styrian Capital City Graz

GalCap Europe has invested on behalf of an individual mandate for a German pension fund at the Center of Technology in Graz. The research and development building Space One was acquired by a consortium of private investors. Friedl Land GmbH advised on the deal.
Thursday, 9. June 2022

Board members Reindl and Schönauer leave Immofinanz

Just some weeks after the takeover by CPI Property Group, the two board members Dietmar Reindl and Stefan Schönauer are leaving the company. As Immofinanz announced yesterday, the parties have reached a „mutual agreement“ that the contracts will be terminated as of 08 June and the two managers will remain available in an advi...
Thursday, 9. June 2022

Europe’s largest Hampton by Hilton will open 2024 in Vienna

The hotel operating company Primestar Group is growing internationally and will open its first hotel in Austria with the Hampton by Hilton Vienna City West in 2024. By signing the franchise agreement between Primestar Hospitality GmbH and Hilton, the successful cooperation between the companies is continued. Primestar Group a...
Thursday, 9. June 2022

Vienna in 1st place worldwide according to ICCA Report

The International Congress and Convention Association (ICCA) released its „2021 ICCA Ranking - Destination Performance Index (DPI)“ report this week. Meeting Destination Vienna achieved 1st place worldwide in the overall 2021 ranking, ahead of Lisbon and Athens.
Wednesday, 8. June 2022

Greystar opens District Living in Vienna

Greystar is opening the „District Living“ residential tower on Vienna's Donauplatte with 832 fully furnished apartments on around 20,000 m². With its 15 to 47 m² fully furnished apartments, the DC3 residential tower is aimed primarily at students and young professionals.
Wednesday, 8. June 2022