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Austria

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

S Immo abolishes maximum voting rights

Today, the 33rd Annual General Meeting voted with a majority of 98.44% of the capital present in favour of the abolition of the maximum voting rights. The Management Board will file the amendment of the Articles of Association for entry in the commercial register pursuant to Section 148 (1) of the Austrian Stock Corporation A...
Thursday, 2. June 2022

Immofinanz starts financial year solid

Immofinanz successfully completed a solid start into the 2022 financial year: Like-for-like rental income rose by 4.3% in the first quarter, the occupancy rate remained high at 94.4%, and FFO 1 before tax was stable at a very good level of € 34.4 million. Net profit totalled € 72.4 million, compared with a substantial positiv...
Wednesday, 25. May 2022

CA Immo triples consolidated net earnings

The strong sales result combined with lower indirect costs led to an increase in operating profit of around 6%. In addition, a significant increase in revaluation result helped to more than triple consolidated net income compared with the previous year.
Wednesday, 25. May 2022

ECE Real Estate Partners sell Haid-Center Linz in €130m deal

ECE Real Estate Partners have successfully sold Haid-Center Linz to institutional investors in a €130 million transaction. After the sale of the „Avenida“ shopping center in Poznań in February 2021, Haid-Center Linz was the last of twelve centers held by the fund launched in 2011 to be sold within the planned lifetime. Over t...
Friday, 13. May 2022

CA Immo starts new share buyback programme

Today, the Management Board of CA Immobilien Anlagen AG resolved another share buyback programme in accordance with Article 65 para 1 no. 8 of the Austrian Corporation Act (AktG) on the basis of the authorizing resolution of the 34th Annual General Meeting on 6 May 2021.
Tuesday, 3. May 2022

12.18. expands portfolio with luxury hotel in Austria

A joint venture under the operational lead of 12.18. Asset Management GmbH, founded in 2021 by Managing Directors Adrian Lindner and Henri Leyer-Pritzkow, has acquired the 5-Star Superior Top Hotel Hochgurgl in Tyrol. The hotel, located at 2,200 meters with direct access to the ski slopes in one of the most snow-secure areas ...
Tuesday, 3. May 2022

S Immo reports best annual profit in the company’s history

Results from property valuation that were clearly positive in all regions and a record profit for the period and earnings per share confirm the steep upward trajectory of the listed real estate investment company S Immo AG.
Thursday, 28. April 2022

BNP Paribas REIM invests in Vienna and Berlin for NEIF III

BNP Paribas Real Estate Investment Management (BNP Paribas REIM) recently acquired an office complex in Vienna and the Franklin-Haus office building in Berlin on behalf of the Next Estate Income Fund III (NEIF III). Both transactions were brokered as off-market deals.
Tuesday, 26. April 2022

Radka Doehring becomes executive board member of Immofinanz

Immofinanz AG announces that the supervisory board has appointed Radka Doehring as a member of the executive board as of 1st May 2022 for three years. The executive board will consist of Radka Doehring, Dietmar Reindl and Stefan Schönauer as of 1st May 2022.
Friday, 22. April 2022

Hyatt signs Thompson Hotel in Vienna

Hyatt Hotels Corporation has entered into a management agreement with Signa and Central Group for Thompson Vienna, a 5-star-lifestyle hotel to be located in the Austrian capital. The milestone development demonstrates Hyatt’s drive to expand its brands throughout Europe, along with a strong commitment to growing the Thompson ...
Friday, 22. April 2022

Immofinanz back in the profit zone

With a net profik of € 345.8 million (previous year: € -165.9 million), Immofinanz is back in the black. The company announced this today. The results of operations rose by roughly 46% to €210.1 million and clearly topped the previous year as well as the pre-crisis period in 2019.
Thursday, 21. April 2022

CPIPG strives for majority in S Immo

CPI Property Group (CPIPG) has prepared the following update for their investors and key stakeholders regarding the Group’s investment in S Immo AG (S Immo).
Thursday, 14. April 2022