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Immofinanz repays corporate bond

Immofinanz has fully repaid its 2.625% corporate bond due 27 January 2023 (the “2023 Notes,” ISIN XS1935128956). The repayment was funded with existing cash resources. The principal amount repaid was €187.1 million, which was the outstanding balance of the 2023 Notes following a change of control event which resulted in the r...
Monday, 30. January 2023

Immofinanz and S Immo to review strategic synergies

Immofinanz and S Immo have signed a framework agreement which establishes a joint process to review further alignment, coordination, merger or other forms of integration across the two groups. CPI Property Group (“CPIPG”) will participate in the project as a supporting shareholder. The ultimate objective is to identify synerg...
Monday, 23. January 2023

PKF Hospitality becomes new partners

Tomislav Čeh, Head of Adriatic Sea, and Stefan Catic, Head of Operator Search, are new partners of PKF hospitality group as of January 1. The two team members took over shares in PKF hospitality holding GmbH, Vienna, from Michael Widmann, Global CEO.
Monday, 9. January 2023

Helios Logistics signs 46,000 pre-let in Vienna

Helios Logistics GmbH has signed a 10-year pre-lease agreement with Simpex for a 46,000 sq m warehouse at its AyKa Helios Logistics Park, adjacent to Vienna Airport in Austria.
Monday, 9. January 2023

Amro Partners appoints Rainer Nonnengässer

Amro Partners has welcomed Rainer Nonnengässer as a Senior Managing Director, leading its drive into new European student housing markets including Germany, the Netherlands and Austria.
Thursday, 5. January 2023

Immofinanz portfolio shows strong growth

Immofinanz has significantly expanded its high-yield and fully rented retail portfolio in the 2022 financial year. As a result of acquisitions and completions, the portfolio has grown from 111 to 169 locations in ten European countries over the course of the year, with a carrying amount of approximately €2.3 billion (excludin...
Friday, 30. December 2022

Nuveen Real Estate leases to Cargoe in City Park Vienna

Nuveen Real Estate achieves a leasing success for City Park Vienna well before completion. Cargoe, a leading Austrian logistics service provider has signed a long-term lease and secured the largest of three components of the inner-city logistics park in Vienna. Taking on around 12,500 square meters of logistics space and 1,30...
Friday, 23. December 2022

Kickoff for new 510 room hotel at Vienna Airport

The hotel capacity will thereby each more than 1,400 rooms at the airport in the future. The construction will begin in the autumn of 2023, opening is planned for the spring of 2025. The hotel will operate as the “Vienna House Easy” of Wyndham Hotels & Resorts.
Wednesday, 21. December 2022

Empira sells Vienna project development of 16,000 m²

The Empira Group has successfully sold a project development in Vienna, as planned. The company originally acquired the approximately 4,500 m² property in Q3 2020 and subsequently brought it to construction readiness for a state-of-the-art office project. The buyer of the approximately 16,000 m² project is a large pharmaceuti...
Monday, 19. December 2022

CA Immo exits Romanian market

With the sale of a 165,000 m² seven building office portfolio in Bucharest CA Immo completely exits the Romanian market. Along with the properties, the Romanian CA Immo team, will continue to look after the portfolio and its tenants, was also taken over by the buyer Pavăl Holding.
Wednesday, 23. November 2022

Nominees for "Hotel Innovation Award 2022“ have been selected

For the "Hotel Innovation Award 2022“, which will be presented for the first time during the 196+ Forum Vienna conference, the interdisciplinary jury of experts has nominated ten hotels or hotel groups among 14 applicants from five European countries. The award ceremony will take place during the gala dinner on Monday, Novemb...
Friday, 18. November 2022

VGP develops distribution center for Amazon near Graz

VGP Group is developing and constructing a distribution center and parking garage for the online retailer Amazon at VGP Park Graz in Premstätten. Beginning of November, VGP, Amazon and HT-GU Bau celebrated the opening of the construction site together with the mayor of Premstätten Matthias Pokorn.
Thursday, 17. November 2022

Winegg buys Vienna office properties from Immofinanz

Immofinanz has successfully completed the sale of additional office properties. Two office buildings in Vienna were sold to the Austrian Winegg Group for an a„ttractive market price“ of approximately €60 million, said the company.
Wednesday, 9. November 2022

European transactions become more complex

Real estate transactions in Europe are becoming more complex. This is the conclusion reached by a study conducted by Drooms. In the study, the company evaluated more than 4,000 transactions that took place between 2019 and 2022 as well as surveying around 170 real estate experts in Europe.
Wednesday, 26. October 2022