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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
Lack in Low-Cost Apartments
In the near future, the Austrian real estate market threatens to show a drastic lack in low-cost apartments. Financing of real estate becomes more expensive.
March 15, 2012
CA Immo Pays Dividends for the First Time
The Austrian real estate company reported figures for 2011 today. The first-time consolidation of Europolis and successful sales lead to an increase in earnings. Profits were up by 38%.
March 14, 2012
Haselsteiner Buys 15% Stake in Conwert
Hans-Peter Haselsteiner, CEO of the Austrian construction company Strabag, buys a 15% stake in the Austrian real estate supplier Conwert. The seller is the London-based Petrus Advisers LLP.
March 14, 2012
ATX: Upgrade of Immofinanz
The Austrian real estate company was included into the ATX top five. CEO Eduard Zehetner: 'This should have a positive effect on the share development'.
March 7, 2012
Viennese Office Market: Collapse Threatens
Although office rents are relatively low in Austria´s capital, multinational companies tend to establish their headquarters elsewhere. Real estate experts fear a vicious circle.
March 5, 2012
Immofinanz Group Develops Office Building in Prague
The Austrian real estate group makes an investment of 24.6m in the Czech Republic. The project will be finalized in 2013.
February 29, 2012
Immofinanz to Become a „Property Machine“
CEO Eduard Zehetner wants Immofinanz to become a full developer, operator and seller of top-real estate objects. The company should be transformed to a “property machine.”
February 25, 2012
Austrian Outlet Center Market is Saturated
The Eastern European factory outlet center market still has growth potential. Up to 100 new outlet centers are possible.
February 17, 2012
CA Immo: PwC Leased Additional Space in Frankfurt's Tower 185
Space leased of Frankfurt´s tower 185 increased to 75%. The consulting company leased another 2,800m2.
February 16, 2012
S Immo: PepsiCo Signs on As a Tenant in Bucharest
The Austrian real estate company gained another internationally renowned tenant for its Sun Offices building in Bucharest.
February 15, 2012
Major Sale at Immofinanz
The Austria real estate group sells an inner city palace in Vienna. The sale price reaches € 22m.
February 13, 2012
Rise in Rents Expected
The abandoned speculation term on Austrian real estate could lead to a sudden increase in rents.
February 11, 2012
Raiffeisen Builds Shopping Center in Bukarest
Raiffeisen Evolution develops “Floreasca City”, a shopping center project in the Romanian capital. Construction works began in January.
February 10, 2012
Major Offer for Vienna International Airport by Petrus Advisers
The London-based real estate company made a € 450m offer to VIA. However, the demanded property is not for sale.
February 8, 2012
CEO of PlusCity Increases Engagement in Croatian Westgate
Ernst Kirchmayr, CEO of the Upper-Austrian shopping center has raised his stake in the Zagreb-based shopping center “Westgate”.
February 8, 2012
CA Immo Brings an Action Against Grasser
The former Minister of Finance, Karl-Heinz Grasser, faces a lawsuit by the Austrian real estate company. CA Immo claims € 200m.
February 7, 2012
Conwert Continues Streamlining Operations
The Austrian real estate company continues to advance optimisation of sales activities. The distribution subsidiary Resag will be re-organized.
February 3, 2012
Berlin as New Growth Market for CA Immo
In 2012, the Austrian real estate company plans anInvestment volume of about € 300 m in Frankfurt and Berlin.
January 17, 2012
Immofinanz Repays € 77.6m in Convertible Bonds
The Austrian real estate group announces the end of the put period for premature redemption of the 2014 convertible bond.
January 11, 2012
CA Immo Completes Tower 185 Project in Frankfurt
Rental premises in the tower were simultaneously handed over to PwC, the principal tenant. The total investment in Tower 185 stands at approximately € 450m.
January 11, 2012
CA Immo Secures Refinancing for Project in Budapest
The Austrian real estate company CA Immo has agreed on refinancing for an office building in Budapest with Bank Austria. The investment totals € 27.0m.
January 10, 2012
Immofinanz Closes Leasing Contract With Leonardo Hotels
The Austrian real estate group enters an agreement with the German subsidiary of the Israeli Fattal International Hotel Chain.
January 9, 2012
Real Invest Austria Sees “Strong Growth”
Real Invest Austria, a subsidiary of Bank Austria, has over € 1.7bn under management. Outlook for 2012: Further expansion of real estate assets planned.
January 9, 2012
Real Estate Prices Still on the Rise
Rents were up by 2.7% in Vienna. Property prices rose by 2.2%. A further increase is expected.
January 2, 2012
CA Immo, Warimpex and UBM Open Airport City St. Petersburg
The Austrian real estate companies concluded the first phase of the office building and hotel project in direct vicinity of St. Petersburg’s Pulkovo 2 international airport.
December 23, 2011
Immofinanz Reports Outstanding Results
The Austrian real estate group going strong in the first half of 2011/12: Group result has more than doubled compared to the previous year. Net Profits are up by 145%.
December 20, 2011
Benko Relieved from Money Laundering Accusations
Investigations against the Austrian real estate investor will end soon, German newspapers report. Benko bids for Metro´s subsidiary Kaufhof.
December 20, 2011
Rise in Profits Expected for Immofinanz
Tomorrow, on Tuesday, the Austrian real estate company presents its results for the second quarter. EBIT should rise significantly.
December 19, 2011
Kaufhof-Deal Not Closed Before 2012
The two main competitors for the German retail chain are the Austrian real estate investor René Benko and the U.S. investor Nicolas Berggruen.
December 17, 2011
Real Estate Boom in Austria
Property prices rose by 5.0% over the last two years. An end of the boom is currently “not in sight”, says the real estate industry.
December 14, 2011
Kaufhof: Investigations Cause Delay in Sale Process
Suspicions of money laundering against the Austrian real estate investor René Benko prevent the take-over for the time being.
December 13, 2011
Immofinanz Sells Project in Germany
The Austrian real estate group sells its stake in a project in Düsseldorf in order to grow in Russia and Poland.
December 12, 2011
Atrium Completes Acquisition of Shopping Centre in Poland
The Vienna-listed real estate company Atrium finished the acquisition of a € 55m project in the seventh largest city in Poland.
December 12, 2011
Kaufhof: Benko Offering € 2bn?
The Austrian investor decisively rejected reports that suggested this acquisition price. Metro’s CEO wants to obtain € 2-3bn.
December 8, 2011
Benko Confirms Binding Offer
Both Metro Group and René Benko´s Signa Holding confirmed that a binding offer for Metro´s subsidiary Kaufhof has been put.
December 6, 2011
Immofinanz-CEO Zehetner Expects Reduced Finance Costs
Due to lower interest rates and depreciations of foreign currencies in the CEE region, the Austrian real estate company will have low refinance costs, Zehenter says.
December 5, 2011
Kaufhof: Benko Is Preferred
According to the seller, the German Metro Group, the Austrian real estate investor has good odds. Benko will submit a binding offer soon.
December 5, 2011
S Immo Announces Changes in Shareholding Structure
The Austrian real estate company S Immo clarifies that the two core shareholders still remain in S Immo and hold a threshold beyond 9% each.
December 3, 2011
Wiedeking Joins Benko’s Signa Holding
The German manager becomes a member of the Austrian real estate group’s advisory board.
November 30, 2011
Immofinanz Refinances Shopping Center in Poland
Two German banks arranged a € 210m facility for the Austrian real estate group’s Silesia City Center in Katowice.
November 29, 2011
Warimpex Records Negative Result
The Austrian real estate company posted a loss of € 2.8m in the first nine months of the year despite a 10% increase in revenue from hotel operations.
November 29, 2011
Benko Puts Pressure on Kaufhof
The Austrian real estate investor René Benko presents his growth program and wants to outbid his rival, the U.S. investor Berggruen.
November 28, 2011
Investigations Against Benko
The Austrian real estate investor Benko is suspected for money laundering. Benko denies and sees a link to the Kaufhof-deal.
November 26, 2011
S Immo Increases Profit to Over € 20m
The Austrian real estate company reported strong results for the first nine months of the year. EBIT improved by 63% to € 74m.
November 23, 2011
Conwert – Revenue Up by 85%
The Austrian real estate company reported positive results for the first nine months of 2011 despite one-off effects.
November 23, 2011
CA Immo: Profits Doubled
The Austrian real estate company had a rental income of € 192.6m (up 56 %) in the first nine months of 2011. EBIT rose by 58%.
November 22, 2011
CA Immo Invests in Munich
The Austrian real estate group purchased a 50% stake in the Skygarden project in Munich. The acquired property value amounts to around € 63m.
November 21, 2011
Conwert With Negative Result in Third Quarter
The Austrian real estate company announces positive results for the first nine months. Profits declined considerably, EBIT improved.
November 16, 2011
Increasing Earnings and Profits for Atrium
The Israeli, Vienna-listed real estate company published results for the third quarter. Profits before taxes went up by 39%.
November 15, 2011
Increasing Interest for Kaufhof
The Austrian real estate investor René Benko got another competitor. Now three tenderers in the sale process will participate.
November 14, 2011
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