Read the latest headlines about developments in Vienna's and Austria's real estate industry and property market
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Vienna International Real Estate Market and Property News

CA Immo Expands in Warsaw

“Continuing success for largest Polish property development.” The Austrian property company will complete project before the end of the year.

November 14, 2012

CA Immo Secures Major Project in Romania

Lease agreements have been extended for over 14,000 sqm in two Bucharest office buildings. International anchor tenants are ensuring an almost 100 % occupancy rate in the CA Immo Romanian portfolio.

October 30, 2012

CA Immo´s Occupancy Rate in Prague at 90%

The Austrian real estate company CA Immo has managed to secure further tenants for four office buildings and a shopping center in Prague.

October 25, 2012

Immofinanz to Increase Dividends

Eduard Zehetner, CEO of Immofinanz does not exclude to increase dividends to € 0.2 per share.

October 19, 2012

CA Immo to Downsize

Florian Nowotny, CFO of the Austrian real estate company announces further property sales.

October 19, 2012

Austria Underlines Importance of Austerity Measures

“EU pact for growth and employment to fight high unemployment rates”: State Secretary Reinhold Lopatka at the General Affairs Council in Luxemburg.

October 17, 2012

CA Immo: Start of New Project in Düsseldorf

Having sold extensive plots of land with approval for residential development, CA Immo is now constructing the first office building in the new quarter.

October 16, 2012

Immofinanz Shows Progress in Romania

The wholly owned Immofinanz Group subsidiary Adama announces the start of construction on the second phase of two of its existing projects.

October 16, 2012

Hungary Wants Foreign Land Owners to Leave

The Hungarian Prime Minister Viktor Orban wants to bring back “stolen land”.

October 15, 2012

Hungary Not A focus of commercial Real Estate Investors

The risk appetite of real estate investors is still subdued. Hungary’s default risk remains relatively high.

October 9, 2012

Boom in Viennese Real Estate Market Persists

According to the real estate service supplier, the price increase in the residential housing segment and the rental market goes on.

October 8, 2012

Hungarian Retail Sector Struggling on Several Fronts

The recession in Hungary is also affecting the Hungarian retail sector. A weak labour market combined with declining purchasing power is dampening consumer spending, a development which is reflected in weak retail sales.

October 8, 2012

Hungary: Residential Housing Market at a Standstill

According to Bank Austria, the Hungarian housing market has reached a historic low.

October 8, 2012

Hungary: Vacancy Rates in Office Market Remain High

Despite record low in new building activity, the Hungarian office market proves stable.

October 6, 2012

Immofinanz Builds Next Shopping Center in Poland

The Austrain real estate group starts retail development project in Poland. Investments total € 115m.

October 2, 2012

Immofinanz Group: Silesia City Center Ranks among the top Shopping Centers in Poland

On 19 September 2012 the Polish Association of Retail Tenants and GfK Polonia Institut published a new ranking of Polish shopping centers. The Silesia City Center was rated first.

September 28, 2012

Austria Faces Growing Demand in Living Space

In the next 25 years, Austria needs 10% more apartments. However, building land becomes more and more scarce.

September 25, 2012

Immofinanz: Earnings Up, Net Income Down

In the first quarter of 2012/13, the Austrian real estate company recorded an increase in rental income by 14.2%. EBIT soared by 31.1%. Net income declined by 67.5%.

September 25, 2012

Immofinanz Announces Massive Share Repurchase Program

The executive board of IMMOFINANZ AG has resolved to carry out a repurchase programme of treasury shares based on the authorisation by the 18th ordinary sharehold-ers’ meeting of 28 September 2011.

September 24, 2012

Austrian Property Prices on the Rise

Since 2009, the average increase in property prices in Austria came at 18.5%. Above all, the demand in land is growing substantially.

September 14, 2012

CA Immo Completes Mercedes-Benz Sales Headquarters in Berlin

The last concrete was laid on the roof today. The foundation stone was only laid in November 2011 and the building is set to be completed by mid 2013.

September 11, 2012

Immofinanz: New Project in Cologne

The Austrian real estate group dissolved its joint venture with Frankonia Eurobau and took over the Gerling Quarter in Cologne.

September 6, 2012

Conwert Buys Back Convertible Bonds

Result of tender offer for convertible bonds due2014.

September 6, 2012

Strabag: Major Contract in Hamburg, Germany

STRABAG Real Estate and Otto Wulff awarded contract for Hamburg’s € 700m college project.

September 4, 2012

conwert Issues New Convertible Bonds

conwert Immobilien Invest SE , a company listed on the Vienna Stock Exchange, has initiated a two-step transaction with the aim of reducing its leverage and extending the maturity profile of its debt.

August 30, 2012

Real Estate Bubble in Austria?

The real estate prices are still increasing. Above all, in the urban regions of Austria the prices continue to rise.

August 29, 2012

conwert significantly increases earnings

In the first half of 2012, earnings before tax (EBT) increased by 45.2% to € 18.0m. Net income was up by 17.1% to € 9.6m.

August 23, 2012

S Immo: Higher Net Income Despite Lower Revenues

The Vienna listed S Immo AG today published its results for the first half year. Earnings remained stable. Due to lower financing costs, net income was up by 50%.

August 22, 2012

CA Immo Below Expectations

The Austrian real estate company achieved a 83 % increase of consolidated net income after minorities in the first half year of 2012. Rental income reached € 140.7m (+10 %).

August 21, 2012

Rising Profit for CA Immo Expected

The Austrian real estate company should record a rise in net income of 96%. EBIT should fall by 8%, however.

August 20, 2012

Immofinanz: Major Sale in Vienna

The Austrian real estate company announces proceeds of over € 33 million on apartment house sale in Vienna.

August 20, 2012

Atrium Records 37% Increase In Earnings

The Vienna-listed real estate company could improve rental income as well as earnings and net income.

August 17, 2012

Immofinanz to Double Sales

In three years, the Austrian property company aims to increase sales and re-investments to € 1.0bn from € 500m.

August 8, 2012

Immofinanz: Net Income Down, Earnings Up

The Austrian real estate group confirmed the positive operating trend set in recent quarters with the close of the 2011/12 financial year, which brought a slight 1.2% year-on-year increase in rental income.

August 6, 2012

Austrian Property Market Runs out of Steam

In Austria, the property market shows first tendencies of consolidation. The number of acquisitions was down in the first six months.

August 4, 2012

Immofinanz: Rise in Earnings Ahead

Next Monday, the Austrian real estate company will publish results for the financial year 2011/12. Net income should remain stable

August 3, 2012

Immofinanz: Rise in Operating Profit Expected

Analysts expect the Austrian property company to achieve a 58% increase in EBIT. EBT will be lower, Baader Bank says.

August 1, 2012

Decrease in Building Saving May Increase Rents

In Austria, the popularity of building saving declined in the first half year of 2012. In a few years, funds for the residential building market may be insufficient.

July 27, 2012

CA Immo Continues Sales in Berlin

The planned liquidation of land reserves in Berlin by the Austrian property company CA Immo is gathering pace.

July 20, 2012

Erste Group Enters Bulgarian Property Market

Todor Alexandrov Offices in Sofia developed by Erste Group Immorent AG are ready for occupation.

July 18, 2012

CA Immo: Success in Berlin and Munich

The Austrian real estate company has sold extensive land reserves in Berlin and has concluded further rental contracts in Munich for the Skygarden office building.

July 16, 2012

Immofinanz: Substantial Success in Hungary

The Szépvölgyi Business Park in Budapest, an Immofinanz Group office property, will soon become the corporate headquarters for a further international company.

July 11, 2012

Austrian Business Property Market Under Pressure.

In the Viennese office property market, new lettings remain subdued. Regarding the shopping centre market, old and less attractive models under pressure.

July 7, 2012

Austria (still) Offers Good and Affordable Residential Housing

Living space per capita and the quality of the residential housing stock in Austria has undoubtedly improved in the past few decades.

July 7, 2012

Austrian Real Estate Market Shows Stability

The Austrian real estate market is a small, stable market with income returns of 5 percent in the last eight years. Real estate investors focus on core properties resistant to the crisis, leaving some market opportunities untapped.

July 6, 2012

New Board Member at CA Immo

The supervisory board of the Austrian real estate company decided changes on the board of CA Immo. Florian Nowotny succeeds Wolfhard Fromwald.

June 30, 2012

Real Estate Crisis in the Balkans Has Deepened

Due to the economic crisis in Southeastern Europe, real estate prices are still falling. Since 2008, prices fell by up to 50%.

June 28, 2012

Immofinanz Expands into Netherlands

With the acquisition of a property in the Dutch city of Den Bosch during mid-June, the Austrian real estate Group has further expanded its self-storage portfolio.

June 26, 2012

Shopping Center Industry Sees Still Growth Potential in CESEE

In 2012, about 300 further shopping centers should be built in the CESEE region. The market still shows a great potential, experts say.

June 20, 2012

Conwert ´s Corporate Bonds Generate Strong Demand

Subscription period closed early – first retail bond from the Austrian real estate company in the amount of € 65m enjoys strong demand.

June 16, 2012
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