Austria

After a phase of around eight years , the open-ended mutual property fund UniImmo: Europa is selling the Vienna office property Space2Move to Raiffeisen-Holding NÖ-Wien.

Motion of the core shareholder to convene an Extraordinary General Meeting to distribute a special dividend in the amount of €250m (€2.56 per share with dividend entitlement).

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.

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.

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.

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...

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.

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.

The Supervisory Board of Immofinanz has prematurely extended the appointment of Radka Doehring on the Executive Board for a total of five years, i.e. to 30 April 2027, with effect from 19 July 2023. The composition of the Executive Board therefore remains unchanged with Radka Doehring and Pavel Měchura as its members.

S Immo AG concluded the purchase of the Twin Towers on Wienerbergstrasse in Vienna from Immofinanz AG. In February, the latter signed a letter of intent to sell several office properties at the location of Vienna’s Wienerberg to S Immo .

Limehome is opening a further 23 serviced apartments in Vienna. The new units in Karajangasse 6 are part of the fourth Limehome project in the Austrian capital and strengthen the presence of the Munich-based hospitality tech company in Vienna.

CA Immo concluded four new, long-term office leases for a total of around 5,600 sqm of rental space in Quartier Lände 3 on Erdberger Lände and for the Storchengasse 1 office building on Linke Wienzeile in the last half of the year.

Panattoni added two new employees at its branch office in Vienna. Radek Ondráček, Senior Project Manager, and Dr. Caroline Samwald, Senior Project Structuring Manager, will support the further development of the Austrian market in the future.

With the full occupancy of its largest office location on the Wienerberg, Immofinanz is setting another milestone in the development of the innovative myhive office concept. Moreover, the next expansion stage is nearing completion with myhive Urban Garden.

With the opening of the new sports and outdoor experience world, ECE Marketplaces has successfully completed the comprehensive project for the further development of the shopping center located at the gates of Vienna on time.

On Friday, the Supervisory Board of S Immo AG and Management Board member Holger Schmidtmayr have mutually agreed that Schmidtmayr's Management Board contract will be terminated with effect from 16 June 2023 (end of day). At the same time, the Supervisory Board decided to appoint Radka Döhring, who already serves on the Execu...

The Supervisory Board of CA Immobilien Anlagen AG appointed Keegan Viscius as Chief Executive Officer (CEO). The appointment takes effect on 10 June 2023. Keegan Viscius has been a member of the company's Management Board since 1 November 2018 and, as Chief Investment Officer (CIO), was previously responsible for the core ope...

BNP Paribas Real Estate Investment Management (REIM) Germany has sold the InnoPlaza office complex in Vienna to ARE Austrian Real Estate, on behalf of the Next Estate Income Fund II (NEIF II).