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Austria

Unsettled mood in Europe’s retail markets

In a tough trading environment, retail markets across Europe have been affected in varying degrees by the direct and indirect impacts of price increases that are being driven by shortages of raw materials and higher energy costs and amplified by the war in Ukraine, which has now been raging for more than six months.
Monday, 24. October 2022

Caerus provides €67.5m for Vienna hotel redevelopment

Caerus Debt Investments AG has granted a loan of €67.5 million to refinance the refurbishment and reconfiguration of a historic city palace in Vienna into a 5-star hotel and twelve exclusive apartments. The first-ranking secured senior loan is for a term of four years.
Tuesday, 27. September 2022

Ten hotels nominated for Hotel Property Award 2022

For the „Hotel Property Award 2022“, which will be presented at the 196+ hotelforum conference on Thursday, October 6, the interdisciplinary jury of experts has nominated ten hotels from among 36 applicants from seven European countries.
Wednesday, 7. September 2022

Zara opens Austria’s most modern flagship store at Europark Salzburg

Europark Salzburg, owned by operator SES Spar European Shopping Centers, has once again proven that it is one of the most important brick-and-mortar retail locations in Austria. The Inditex Group opened its brand new, expanded Zara flagship store at EUROPARK Salzburg on Thursday, 25 August 2022. The fashion store now covers a...
Monday, 29. August 2022

CA Immo reports strong earnings

CA Immo has reported strong second quarter results, continuing the positive business development of the previous quarters. In a challenging market environment, the company increased its recurring earnings (FFO I) in the 1st half-year by 7.9% compared to the previous year, to €73.9 m.
Wednesday, 24. August 2022

Empira Opportunities Fund performing well

Launched in 2020, the open special AIF “Empira Opportunities Fund” is performing well. So far €840 million have been invested to date, and an attractive return (ITD) of approximately 65% has been achieved.
Wednesday, 10. August 2022

Millennium Tower Vienna welcomes new tenant

One of Vienna's most impressive buildings has found a new tenant. Delta Car Trade Austria GmbH, with the support of Modesta Real Estate, has decided on an approx. 450 m² office space on the 16th floor of the Millennium Tower Vienna, owned by Art-Invest Real Estate Austria.
Wednesday, 10. August 2022

S Immo: CPI calls for extraordinary general meeting

The Management Board of S Immo AG has received a request from CPI Property Group to convene an Extraordinary General Meeting with the agenda item „Changes to the Supervisory Board“.
Wednesday, 10. August 2022

S Immo: Bonds with a nominal value of €104.5m called

Holders of the corporate bond 1.25% S Immo Green Bond 2022-2027 (ISIN AT0000A2UVR4) have called a nominal amount of €24,941,500 and holders of the corporate bond 1.75% S Immo Green Bond 2021-2028 (ISIN AT0000A2MKW4) have called a nominal amount of €79,550,500.
Monday, 8. August 2022

Greystar acquires Vienna resi development from S+B for €180m

Greystar has acquired a 380-unit residential development in Vienna-Brigittenau as part of its collaboration with a globally active institutional investor to build a diversified, high-quality rental housing portfolio in Germany and Austria. Austrian project developer S+B Gruppe is selling the project at a fixed price for turnk...
Monday, 8. August 2022

KanAm's Leading Cities Invest snaps up debut Austrian logistics property

KanAm Grund Group has acquired the last-mile logistics property Cross Dock Upper Austria for its open-ended real estate fund Leading Cities Invest. The building is situated in the Austrian municipality of Enns, near the city of Linz, and offers almost 13,000 square meters of space. Seller is the Meir real estate group, headqu...
Thursday, 4. August 2022

Hotel investment market: Institutional investors return

The first half of 2022 is over, and Christie & Co takes this opportunity to review the transaction activity in the Austrian hotel real estate sector. The focus remained clearly on leisure hotels, but some city hotels also changed hands, resulting in a transaction volume of over €230 million in the first six months.
Wednesday, 20. July 2022

Catella Modernes Wohnen fund invests €39 million in Vienna

Catella Modernes Wohnen (CMW), the German open-ended real estate fund, has acquired 121 affordable residential units in a new development in the western Ottakring district of Vienna for around EUR 39 million. Berlin-based Catella Residential Investment Management GmbH (CRIM) managed the acquisition on behalf of the CMW fund w...
Tuesday, 19. July 2022