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» Chronological View: " Austria " «

Jamie Oliver’s Bar opens at Vienna Airport

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 ...
Friday, 27. April 2018

Ares Management on shopping spree in Europe

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.
Friday, 27. April 2018

Immofinanz puts CA Immo stake on the block

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, ...
Friday, 20. April 2018

Green light for Starwood stake in Immofinanz and CA Immo

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...
Thursday, 19. April 2018

Immofinanz goes big with S Immo

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...
Thursday, 19. April 2018

German Art-Invest makes largest direct investment in an Austrian residential development

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“,...
Wednesday, 18. April 2018

Record levels of Asian investment into European markets set to continue

The majority (67%) of real estate professionals expect the volume of Asian investor capital entering the European real estate market to increase over the next two years, according to a new report commissioned by Intertrust. In contrast, just 7% of respondents think that volumes will fall.
Wednesday, 11. April 2018

Pegasus Capital and Stonehill are developing another apartment building in Vienna

The follow-up project is in the pipeline: Pegasus Capital Partners, together with developer Stonehill, is planning another apartment building in Vienna on a plot of ​​12,000 sqm. It will comprise around 190 units and is located on Dresdner Strasse. The planning application has already been submitted in the middle of January a...
Tuesday, 10. April 2018

Warimpex expects best annual results since initial public offering

According to the preliminary figures, the 2017 annual results for Warimpex Finanz- und Beteiligungs AG will be the best since the initial public offering in 2007, with a profit of €41.5 million. The excellent results were driven primarily by positive office property valuations and sales proceeds from the disposal of eight hot...
Monday, 9. April 2018

Second-best FY result in S Immos’s corporate history

Following last year’s record figures, S Immo AG in the fiscal year 2017 recorded the second-best result in the the company’s history. Profits stood at €133.5 million, down from €204.3 million in 2016. Revenues declined from €198.8 million in 2016 to €191.4 million this year, with rental revenues accounting for €112 million. R...
Friday, 6. April 2018

Immofinanz records profit leap

After Immofiananz had left the Russian market, the company recorded a big leap in profits, which amounted to €181.0 million, up from a loss of €147.4 million in 2016. The ebit increased from €74.5 million to €107.6 million. Rental income was slightly higher at €234.5 million (2016*: €233.4 million) despite the continuing sale...
Friday, 6. April 2018

GfK releases new purchasing power study for Germany, Austria & Switzerland

The Swiss once again surpass the Germans and Austrians when it comes to purchasing power. But the available net income within each of these countries also varies markedly. None of the federal states or cantons encompassing the countries’ capitals top the national rankings: The purchasing power hotspots are elsewhere. However,...
Wednesday, 28. March 2018

Allianz opens new Vienna office led by Thomas Villadsen

Allianz Real Estate has opened an office in Vienna and appointed Thomas Villadsen to the new role of Director of Austria and Central & Eastern Europe (CEE). The move, which strengthens the firm’s presence across the region and builds on established assets in countries such as Austria, Hungary, Slovenia and Poland, is part of ...
Wednesday, 28. March 2018

Immofinanz dismisses bid by Starwood

Immofinanz has dismissed a bid by US private equity firm Starwood Capital Group for a stake in the Austrian property group, arguing that the price it was offering was too low. On Thursday, Starwood announced bids to acquire a quarter of CA Immo and a 5%-stake in its competitor Immofinanz, sending shares in both companies up .
Tuesday, 27. March 2018