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Vienna International Real Estate Market and Property News
Read the latest headlines about developments in Vienna's and Austria's real estate industry and property market
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
Conwert: Profits in 2012 Negatively Effected
Target EBT of € 50m was met. Revenues dropped by 26.7 % y/y from € 852.9m to 625.1m. Earnings before tax amounted to € 154.6m. Outlook: conwert plans to gradually expand core business in Germany and Austria.
March 21, 2013
CA Immo: Major Drop in Profits
On Tuesday evening, CA Immo published the annual figures for 2012. The market-listed real estate company shows profits of € 48.6m which means a decrease of 28 %.
March 20, 2013
Improvement on the Czech Commercial Real Estate Market in Sight?
Bank Austria sees anti-cyclical investment opportunities in the Czech Republic and CEE. The Czech Republic offers a low country risk and transparent real estate market.
March 13, 2013
S Immo AG: New Contracts in Bucharest and Sofia
New tenants in Serdika/Sofia and Sun Offices/Bucharest. Stock exchange listed S IMMO AG has again achieved letting successes in Romania and Bulgaria – two markets that continue to be economically challenging.
March 12, 2013
Hungary: Austrian Farmers on the Verge of Dispossession
A new regulation should help Hungarians prevent from "greedy speculators".
March 8, 2013
Hungary: Expropriation of Foreign Farmers
Prime Minister Viktor Orbán announced further steps and plans the dispossession of foreign investors.
March 7, 2013
Austria: “Short Supply on Real Estate Market”
Demand is expected to remain high for residential real estate in 2013. Supply is lingering behind demand particularly in locations where business is strong, Bank Austria reports.
February 27, 2013
Stavros Efremidis New Executive Director of conwert
Stavros Efremidis is responsible for conwert’s operating business in Germany as Executive. Thomas Doll, Executive Director and CFO of conwert, is responsible for the operating business in Austria and CEE.
February 20, 2013
Immofinanz Withdrawsfrom Swiss Hotel Market
The Austrian real estate group sells Kempinski Residences and Hotel as well as the Grand Hotel in St. Moritz.
February 18, 2013
Turkey Plans to Build First Nuclear Power Plant
In order to become energy autonomous, the country wants to put a nuclear power plant into operation in six years.
February 16, 2013
Estonia: Real Estate Transactions Up by 12%
According to Statistics Estonia, in 2012, 36,176 purchase-sale transactions of real estate in the total value of 1.7 billion euros were notarised.
February 12, 2013
Erste Group Finances Major Slovak Real Estate Project
Erste Group’s Slovak subsidiary co-refinances City Business Centre in Bratislava with EUR 34.5 million.
February 11, 2013
CESEE Office Market Shows Solid Fundamentals
CESEE office market is undergoing a stable development; rental levels remain largely solid in most of the region, Erste Group says.
February 11, 2013
Austria: Residential Building Is „Much too Low“
In the next years, Austria faces a remarkable housing shortage, the Austrian Chamber of Labor (AK) warns.
February 5, 2013
Immofinanz Continues Sales in Vienna
The Austrian real estate company continues the implementation of its real estate sales programme. Besides that, Immofinanz decides to leave France.
February 4, 2013
Property Market: Baltic Countries Against the EU Trend
Third quarter 2012 compared with third quarter 2011: Euro area house prices down by 2.5%.
January 31, 2013
Vienna Suffers from Housing Shortages
In the next 20 years, Vienna will need up to 200,000 new accommodation units.
January 23, 2013
Conwert Finishes Major Investment
The Austrian real estate company closes the acquisition of majority interest in KWG Kommunale Wohnen AG.
January 21, 2013
CESEE Property Market Highly Heterogeneous
In Austria, the yield is expected to shrink further. However, the investments will be stable, CBRE Austria says. In the CESEE region, the situation is ambiguous.
January 21, 2013
Immofinanz: New Projects in Berlin
Purchase of a 3,000 sqm property for the realisation of 100 flats in the Charlottenburg-Wilmersdorf district of Berlin. 1,500 new flats in Berlin in construction or in planning.
January 21, 2013
Conwert Announces Strategic Asset Refocusing
According to preliminary figures, the EBT guidance of € 50 million has been achieved in 2012 before one-off effects. Strategic refocusing leads to negative one-off adjustments
January 18, 2013
CA Immo to Focus on Germany and Austria
Following years of rapid expansion in Germany and Eastern Europe, CA Immo is adjusting the focus of its real estate portfolio to existing core markets and the offices asset class.
January 17, 2013
Benko Establishes Joint Venture with Israeli Investor
The Austrian real estate investor René Benko has found a partner. The joint venture will focus on commercial properties in Germany.
January 16, 2013
Austrian Property Market Becomes Even More Attractive
According to a survey carried out by the business advisor Ernst & Young, about 90% of the interviewees think that Austria´s real estate market is attractive.
January 15, 2013
BUWOG to Strongly Expand Business in Berlin
Germany remains motor of growth for the Austrian real estate company. The subsidiary of Austrian Immofinanz acquires properties with 34,500 m² total space for 520 flats.
January 10, 2013
Good Outlook for Viennese Property Market
According to real estate experts, Vienna is one of the most attractive market for retail investments.
January 8, 2013
Immofinanz Sells Offices in Prague
As of 31 December 2012 Immofinanz Group sold the office building BB Centrum Building C located in Prague to the VIG FUND.
January 7, 2013
Austrian Real Estate Prices Flatten
Although real estate supply is shrinking slightly, the price curve flattens. Real estate prices are expected to increase by 2.8% this year.
January 4, 2013
Vienna: Property Market Booms
Last year, property prices in the Austrian capital were up by 12% on average.
January 3, 2013
Austrian Signa Holding Acquires „KaDeWe“ in Berlin
The Austrian real estate group Signa Holding acquired 17 shopping centers in Berlin. In total, the sales price comes at € 1.1bn.
December 22, 2012
conwert acquires majority stake in German KWG
Acquisition of approx. 60% stake in German residential property company with 9,700 units. Purchase price of approx. 620 € / sqm.
December 21, 2012
Immofinanz: Drastic Profit Decrease
Group generated solid operating results in the first half of the 2012/13 financial year. EBIT was down slightly, however.
December 19, 2012
Immofinanz: Increasing Rental Income Ahead
Tomorrow, the Austrian real estate group Immofinanz will publish its results for the first six months.
December 19, 2012
Immofinanz: Expansion into Germany
The Austrian real estate company intends to deploy treasury shares to obtain bank financing in order to continue the expansion into Germany.
December 17, 2012
CA Immo Expands Into Berlin
The real estate company CA Immo has reported the letting of around 6,800 sqm of office space in relation to another development project in the Europacity district of Berlin.
December 13, 2012
Immofinanz Develops New Project in Poland
The Austrian real estate company expands activities in Poland: Start of construction on Nimbus office development project
December 13, 2012
CA Immo: Gazprom New Tenant
ZAO AVIELEN A.G., a joint venture of the Austrian real estate companies Warimpex, CA Immo and UBM, is renting two thirds of its office space at AirportCity St. Petersburg to Gazprom Invest Zapad, a subsidiary of OAO Gazprom.
December 13, 2012
CA Immo: New Tenants in Hungary
CA Immo was able to acquire new tenants for some 9,300 sqm office space in five Hungarian office properties over the past six months.
December 10, 2012
Immofinanz: New Major Project in Germany
With the Casa Stupenda, a pioneering plus-energy house is under construction in Duesseldorf’s MediaHarbor. The outstanding construction costs total approx. € 100m, and completion is scheduled for 2015.
December 6, 2012
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