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Vienna International Real Estate Market and Property News

COO Daniel Riedl appointed CEO of BUWOG

The 20th Annual General Meeting (AGM) of IMMOFINANZ AG, Daniel Riedl was appointed as CEO of the subsidiary Buwog. Riedl will prepare Buwog´s IPO.

October 3, 2013

CA Immo: Four Star Hotel in Berlin Completed

Europacity Berlin: CA Immo completes new InterCityHotel at Berlin’s central station

October 1, 2013

CA Immo: Agreement for Partial Sale of Group’s Largest Project

CA Immobilien Anlagen AG signs agreement to sell two-thirds of Tower 185 in Frankfurt.

October 1, 2013

Austrian Real Estate Market: Shopping Centers Under Pressure

Shopping centre market: old and less attractive models coming under increased pressure from online trading. This is reported by Bank Austria in its latest report “Real Estate Country Facts”.

September 28, 2013

Austrian Real Estate Market: Residential Housing Still Affordable

Austria offers good and affordable residential housing. However, strong price gains were registered in 2012, Bank Austria published in its report “Real Estate Country Facts”. In the next years, rents will continue to grow.

September 27, 2013

Austrian Real Estate Market: “Small Market in Good Shape with Potential”

The Austrian real estate market is a small, stable market with net cash flow returns of around 5 percent in the last nine years. This is the result published in Bank Austria´s report “Real Estate Country Facts”.

September 27, 2013

Austrian Commercial Real Estate Market on Right Track

Viennese office property market: new lettings are slowly picking up momentum – new construction volume of 205,000 m² expected in 2013. This is the result of the report “Real Estate Country Facts” issued by Bank Austria.

September 27, 2013

Raids at Ukrainian Affiliate of Bank Austria

Ukrsotsbank in Kiev was searched on Friday due to unclear ownership structures of non-performing loans which led to disputes between banks and clients. Within the Unicredit Group Bank Austria is responsible for banks in Eastern Europe.

September 25, 2013

Immofinanz: Satisfying Results in Q1 2013/14

The Austrian real estate group registered a moderate increase in operating profits in the first quarter of the 2013/14 financial year.

September 25, 2013

Romania: Real Estate Sector in Difficulties

In the first eight months of 2013, property prices were down by 7%.

September 18, 2013

Viennese Office Market Records New Low

The property market of Austria´s capital becomes less attractive. Since 2008, the production of new office space goes down.

September 16, 2013

No Asset Bubble in Austria

Despite the growing property prices in the last years, Austria does not face a real estate bubble.

September 14, 2013

Austria: Real Estate Prices Tend to Stabilize

In the first half of 2013, the average price increase was only 0.3%. The danger of a real estate bubble in Austria is rather small.

September 10, 2013

Austria: Immofinanz Group Sells Hilton Vienna Danube

Immofinanz Group sells Hilton Vienna Danube above the carrying amount of the property.

September 2, 2013

Austria: Conwert Shows Best Half-Year Results in History

conwert with best operational half-year results in the company's history.

August 22, 2013

Romanian Real Estate Market to Stabilize

According to a study, the real estate market in Romania has stabilized again.

August 19, 2013

Hungary: Land Reform Evokes Conflict

“Hungarian soil belongs to Hungarian people“. This is the maxim of national-conservative ruling party of Prime Minister Viktor Orban.

August 8, 2013

Austrian Real Estate Sector: Sales Are Going Down

In the first half year of 2013, property sales went down substantially. In Vienna, the decrease is disproportionately high.

August 6, 2013

conwert strengthens its presence in Germany

The Austrian property investor concludes the acquisition of a large residential property portfolio. Portfolio of 4,016 rental units and a floor space of 265,815 sqm

August 6, 2013

Immofinanz Prepares for BUWOG Sale

The Austrian real estate company plans a going-public for Buwog in 2014. Above all, Immofinanz wants to complete Buwog´s German portfolio.

August 3, 2013

Slovenian Real Estate Sector Shrinks

The building activity in Slovenia slackens. Moreover, transactions remain weak and new housing loans have reached a record low. A further decrease in real estate prices is rather likely.

August 3, 2013

Immofinanz Posts Lower Net Income

The Austrian real estate company has published the results for the financial year 2012/13. Property sales at record high, net profit lower due to decline in positive valuation effects.

August 2, 2013

Immofinanz Postpones Buwog’s Going Public

Austrian real estate company Immofinanz has put off the initial public offering of its affiliate Buwog. The reason for the postponement is the unstable market environment. The new date for an IPO is 2014.

July 24, 2013

Conwert: Strategic Repositioning Completed

CEO for conwert in Q4 2013

July 24, 2013

Property Market: Vienna Among Top Ten in Europe

For the first time ever, Austria´s capital is among the most expensive cities. On average, the price per square meter comes at 3,000 in Vienna´s city.

July 20, 2013

Viennese Real Estate Market Stagnates

After a long-lasting boom, the upward trend in Vienna´s property market has come to an end.

July 17, 2013

Erste Group Bank AG - SWOT Analysis & Company Report

This report contains in depth information and data about Erste Group and its operations and markets. It contains a company overview, business and strategy description, financial ratios, valuation & forecast data, SWOT analysis, plus data on key events.

July 12, 2013

Alpine Bankruptcy Hits Clients Hard

According to real estate experts problems for home builders have just started.

July 10, 2013

Conwert Pushes Portfolio Streamlining In CEE

The Austrian ATX-traded conwert Immobilien Invest SE has successfully sold a commercial property in the city of Brno, Czech Republic.

June 28, 2013

Mitterlehner: Romania Offers New Chances for Austrian Economy

Austrian Economy Minister Reinhold Mitterlehner met his Romanian counterpart Varujan Vosganian in Vienna.

June 25, 2013

S IMMO AG: Werner Weissensteiner joins Portfolio Management team

Werner Weissensteiner has joined the Portfolio Management team at S IMMO AG.

June 11, 2013

S Immo AG: Green Building Certification And Another Award In SEE

BREEAM certificate and SEE Green Building Award for S Immo properties.

June 4, 2013

Poland: Immofinanz Group Sells Silesia City Center

Large property in Eastern Europe to be sold.

May 28, 2013

Austrian Top Banker to Appear in „Offshore-Leaks“

For the first time, a European top banker appears in the “Offshore-Leaks” database. CEO of Raiffeisen Bank International (RBI) Herbert Stepic is coming under massive pressure.

May 23, 2013

Immofinanz: First Office Project in Warsaw

Immofinanz Group lays foundation stone for the Nimbus office building in Warsaw

May 22, 2013

S Immo AG Invests in Berlin

S Immo purchased office property in Berlin's Sonnenallee.

May 21, 2013

CA Immo: Dividend Announcement

CA Immo to distribute € 0.38 per share.

May 8, 2013

Immofinanz: Secondary Listing in Warsaw Starts Today

Today the first Immofinanz shares will be traded at the Warsaw stock exchange. CEO Eduard Zehetner will be giving a press conference in Poland’s capital.

May 7, 2013

Real Estate Industry: Major Losses for Properties In CESEE

According to Manfred Wiltschnigg, CEO of Austrian Real Estate Agency Immofinanz until the end of March, investments in Poland are becoming more risky.

May 6, 2013

Immofinanz Share Soon to Be Listed in Warsaw

The Immofinanz share will in all probability be listed in the Main Market of the Warsaw Stock Exchange starting on 7 May 2013.

April 29, 2013

Ca Immo: Google To Lease 14,000 Sqm In Munich

Google has taken out a lease with CA Immo and E&G Financial Services for the planned Kontorhaus office building, in Munich’s Arnulfpark.

April 22, 2013

Austria: Immofinanz Group Acquires Berlin Residential Portfolio

Buwog, a wholly owned subsidiary of Immofinanz Group, has acquired a residential portfolio in Germany.

April 22, 2013

„Unlawful“ Farming in Hungary

The estimated 200 Austrians, who are engaged in agriculture in Hungary, are apparently not highly esteemed by Hungarian Prime Minister Viktor Orban.

April 16, 2013

Austria: Three Convictions at Immofinanz Process

Former head of Immofinanz, Petrikovics, was sentenced to six years in prison. Co-defendants Schwager and Thornton were sentenced as well.

April 12, 2013

Household Assets in Austria Lower Than in Spain

The proportion of owned homes in Austria and Germany is below 50 % and one of the reasons why household assets are on the lower end of the scale.

April 10, 2013

Immofinanz to List in Warsaw

Real state corporation Immofinanz wants to list their shares on the Warsaw stock exchange.

April 9, 2013

Cyprus: Anastasiades Comes Under Suspicion

President Nikos Anastasiades is in dire straits as he is accused of having transferred huge amounts of money to foreign countries and having warned relatives. In the meantime, the austerity package is almost set.

April 2, 2013

Austrians Poorer Than Italians or Spaniards?

According to a study carried out by the German Central Bank (Bundesbank) assets of private households in Austria is less than in Italy or Spain.

March 22, 2013

Immofinanz Group Reveals Less Profit

Operating profit (EBIT) reduced by € 47.9m to € 444.7m. Decline in net profit from € 269.4m to € 210.1m. Cash flow rose by 8.9% y/y to € 315.3m.

March 21, 2013

CA Immo: „Results Would Have Been Perfect“

CEO of CA Immo, Bruno Ettenauer, proclaims that without devaluations the real estate company had to make the end results for 2012 would have been “perfect”. Now, CA Immo considers withdrawing from non profit-making markets.

March 21, 2013