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Austria

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

Habyt opens new building in Graz

Habyt is opening its first building in Austria. Located in Graz, this new development features a total of 218 units, comprising a mix of one-bedroom flats and private rooms in shared apartments. The building has a total area of 6,073 square meters.
Thursday, 31. August 2023

Immofinanz slips into red

Immofinanz's consolidated net profit slumped to €-144.5 million in the first half of 2023 (Q1–2, 2022: €162.7 million). According to the company, this was mainly the result of the market-related property write-downs. The results of operations and sustainable FFO 1 from the standing investment business more than doubled to €11...
Wednesday, 30. August 2023

UBM appoints Peter Schaller as board member

UBM Development has appointed Peter Schaller as the fourth member of the Management Board. He succeeds Martin Löcker, who resigned from his post early as of June 30. At the same time, the Supervisory Board plans to extend all other Management Board contracts early at its next meeting.
Friday, 25. August 2023

CA Immo's profit slumps

Pushed by the devaluation of the portfolio, CA Immo's profit slumped to € 13.5 m in the first half of the year (previous year: € 220.1 m). This corresponds to earnings per share of € 0.14.
Thursday, 24. August 2023