Austria

Panattoni celebrated the groundbreaking for its first project in Austria, the Panattoni Park Graz Süd. Anton Lang, Deputy Governor of the State of Styria, Peter Stradner, Mayor of the Municipality of Wagna, Stefan Lipp, Branch Director at Porr AG, and representatives of Panattoni attended the celebration.

Primestar Group strengthens its management team with Ronald Nilsson as part of its expansion efforts.

For the "Hotel Design Award 2023“, which will be presented at the 196+ Forum Milan on Monday, April 17, the twelve-member jury with various professional backgrounds has nominated 13 hotels from among 21 applicants from nine European countries .

The hotel operating company Primestar Group continues to grow and opened its first hotel in Austria with the DoubleTree by Hilton Vienna Schönbrunn on March 31st. The hotel property has been extensively renovated to meet the upscale DoubleTree standards, now offering contemporary accommodations and a number of fantastic ameni...

Immofinanz is taking another important step in optimising its portfolio by selling an office property in Vienna. The “Bureau am Belvedere” building, with nearly 9,000 m² of space, was sold to Real-Treuhand Immobilien,who acquired the asset for Raiffeisenbankengruppe Oberösterreich.

Robust operating figures and a significant increase in rental income with record EBITDA and gross profit demonstrate the stability of S Immo's business model in a highly volatile macroeconomic environment.

21 hotels from 9 European countries have submitted entries for the "Hotel Design Award 2023“, which will be presented during the 196+ Forum Milan on Monday, 17 April.

Burgeoning demand for modern and sustainable logistics space in Austria has driven the full leasing of CTPark Vienna East, covering about 51,000 sqm of gross lettable area (GLA) even before the completion of CTP’s first development in the market. Construction work has meanwhile kicked off at the company’s second project in th...

The Vienna office investment market is off to a dynamic start to the year: Immofinanz has signed a letter of intent to sell several office properties at the location on Vienna’s Wienerberg to S Immo, a company in which it holds 50% plus one share. The transaction volume will amount to approximately €411.0 million.

One year after opening its branch in Austria, Panattoni celebrates the start of construction of its first logistics project. The „Panattoni Park Graz South“ is being built speculatively on a 100,000 m² plot of land that the project developer was recently able to secure. Within the next 2 to 3 years, four to five more are to b...

BNP Paribas Real Estate Investment Management (BNP Paribas REIM) Germany has acquired on behalf of the Eurozone Logistics Fund (ELF), a fully let logistics asset located in Schemmerlstraße in Vienna’s eastern Simmering district.

Frasers Property Industrial announces the sale of the Austrian portfolio „4Urban“ – comprising of four logistics and warehouse properties – via a “share deal” to BNP Paribas Real Estate Investment Management (REIM).

PKF Hospitality Group has appointed Florian Van der Bellen as the Head of Destination Development for the PKF Tourismexperts division effective February 1st. Florian Van Der Bellen succeeds Christopher Hinteregger, who has joined the Kingdom of Saudi Arabia as a tourism consultant, where PKF Hospitality Group is also active.

Granite Real Estate Investment Trust announced that the leases with Magna International at its properties in Graz, comprising approximately 5.0 million square feet, have been contractually extended for ten years to January 31, 2034.

After an initially good start to 2022, the ongoing war in Ukraine and its consequences caused renewed unrest on the Austrian hotel investment market. Which buyer group was nevertheless active, and what domestic banks say about the current financing landscape, you can read in the latest transaction market report from Christie ...

Based on independent external appraisals, CA Immobilien Anlagen AG (CA Immo) expects a negative net property revaluation result of around €274 million for the fourth quarter of 2022 due to the changed market conditions. For the 2022 financial year, the negative net property revaluation result amounts to around €94 million (ar...

The educational institute Update Training has signed a lease for around 3,000 m² in the office property Brehmstraße 10 in Vienna's eleventh district to open a new training center.

Immofinanz has fully repaid its 2.625% corporate bond due 27 January 2023 (the “2023 Notes,” ISIN XS1935128956). The repayment was funded with existing cash resources. The principal amount repaid was €187.1 million, which was the outstanding balance of the 2023 Notes following a change of control event which resulted in the r...