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Austria

CA Immo doubles result after three quarters

CA Immo can report a good operating performance for the first three quarters of 2023. The results show, among other things, a significant increase in rental income (+9%) and high income from the sale of non-strategic properties (sales result of €158m, FFO II +88%), which led to an increase in the operating result (EBITDA) of ...
Thursday, 30. November 2023

Immofinanz doubles FFO 1 in Q1-3

Immofinanz Group recorded strong growth in both rental income and operating results in the first three quarters of 2023 due to acquisitions, the full consolidation of S Immo and successful asset management. Rental income rose by 79.4% year-on-year to € 389.2 million; the results of asset management, at € 323.7 million, were e...
Thursday, 30. November 2023

Moody's lets 800 sqm office in Vienna

Moody's Rating Agency lets an 800 sqm hightech office in Floragasse in Austrian capital Vienna. The multi-tenant office building is located in a highly accessible location in the immediate vicinity of Karlsplatz and Vienna's city center. Modesta Real Estate was commissioned by Moody's Rating Agency with the search for a new o...
Tuesday, 28. November 2023

Law firm Fieldfisher celebrates its debut in Austria

Fieldfisher Rechtsanwälte GmbH & Co KG rents a new office as part of its expansion into Austria. The law firm has moved into approx. 770 sqm in a prime location directly at Stephansplatz and got design and fitout support from B.Complete, for which Modesta Real Estate acts as a partner for Vienna and the surrounding area.
Thursday, 23. November 2023

New York’s Fifth Avenue retains top ranking

New York’s Fifth Avenue has maintained its position as the world’s most expensive retail street, with Milan’s Via Montenapoleone climbing to second in the global rankings, according to Cushman & Wakefield’s latest ‘Main Streets Across the World’ report.
Tuesday, 21. November 2023

HT Group takes over housing estate in Graz

Hamburg-based fund manager HT Group has taken over the 7,350 m² housing estate “Wohncampus Reinighaus” in Graz in southern Austria. The recently completed asset was secured in a forward funding deal with developer BE-WO Wohnbau- u. Grundstücksverwertungsgesellschaft mbH for an open-ended Special Fund for institutional investo...
Monday, 20. November 2023

Newport Logistics Fund II to fund Panattoni Park Ennshafen

Newport Logistics Fund launches its second fund to accompany Panattoni's second project development in Austria, the recently announced Panattoni Park Ennshafen . With its Newport Logistics Fund II, the company is looking to raise €100 million to invest in the western part of the continent. The first project thus financed will...
Monday, 30. October 2023

Immofinanz and S Immo close deal in Vienna

Immofinanz and S Immo have successfully closed their portfolio deal on Wienerberg in Vienna. The two partners had first announced the transaction, which comprises a property portfolio with a gross lettable area of around 81,000 sqm, at the beginning of the year.
Friday, 27. October 2023

UBM gets building permit for LeopoldQuartier Office

UBM can get started with the new LeopoldQuartier Office building on Vienna's Danube Canal: The plans for 21,500 m² of state-of-the-art office space in a prime location and climate-friendly timber construction have been approved. The project developer thus dates the start of construction to February.
Wednesday, 25. October 2023

Panattoni to develop second logistics park in Austria

Panattoni announces a speculative new logistics building with trimodal connections in Enns. Panattoni Park Ennshafen provides modern space for the economic region of Upper Austria and focuses on a broad user group. Construction is scheduled to start in 2024, with completion in 2025.
Tuesday, 24. October 2023

Gerald Beck moves to BIG/ARE

In mid-May 2024, Gerald Beck will take over the position of Managing Director at Bundesimmobiliengesellschaft (BIG) and Austrian Real Estate (ARE) from Wolfgang Gleissner, who is retiring. He will therefore not extend his managing director contract at UBM Development Austria, which expires in the middle of the year.
Tuesday, 24. October 2023

CA Immo appoints Martin Löcker as new Group Head of Development

Starting in January 2024, Martin Löcker (47) joins CA Immo as Group Head of Development, taking over responsibility for all development, construction, and engineering activities across the Group, including those of Matthias Schmidt who will leave the company at the end of 2023 and will pursue new professional opportunities.
Monday, 23. October 2023

„Hotel property of the year“ awarded

This year’s “Hotel Property Award 2023” goes to the Falkensteiner Hotel Montafon in Austria. Other finalists are the German Hotels Goldene Rose Dinkelsbühl and Scandic Munich Macherei.
Monday, 9. October 2023

CA Immo extends management board mandates

Following the announced intention on June 12, 2023 to enter into negotiations with both Management Board members to extend their mandates beyond the current terms, the Supervisory Board of CA Immobilien Anlagen AG has extended the mandates of both Management Board members Keegan Viscius (CEO) and Andreas Schillhofer (CFO) unt...
Tuesday, 3. October 2023

Immofinanz completes Myhive Urban Garden

Immofinanz has completed the Myhive Urban Garden at Wienerberg in Vienna. The 17,600 m² office building is aiming for BREEAM Outstandig certification. According to the company, over 11,000 tons of CO2 have already been saved through resource-saving renovation instead of new construction.
Thursday, 14. September 2023

VGP breaks ground on new on new business park in Laxenburg

On Monday morning VGP Group laid the foundation stone for a new logistics development in Laxenburg together with Klubobmann and Ecoplus Supervisory Board Chairman Jochen Danninger. Construction work is scheduled to be completed by summer 2024, with the opening planned for fall 2024.
Tuesday, 12. September 2023