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 Sold Two Shopping Centers in the Czech Republic

The Austrian real estate group and a Czech investor agreed on the sale of two malls for an amount of € 96m.

May 24, 2011

Conwert Announces Strong Growth in Revenues in the First Quarter of 2011

The Vienna-based real estate company records a good business development and a 24% increase in EBIT.

May 20, 2011

Atrium: 50% Decline in Pre-Tax Profit

Despite a growing rental income, the real estate company’s profit before taxation decreased from € 46.3m to € 26.4m.

May 18, 2011

Declining Sales at UBM

The Austrian real estate company hat do report a decline in sales of 15%. However, profits rose slightly.

May 13, 2011

Strong Decline in Eco Business Sales and Earnings

The net result was positive with € 1.1m, but it fell in comparison with the same period of the previous year by 68%.

May 13, 2011

German IVG is also Active in Austria Now

IVG Immobilien AG (IVG), the largest German real estate fund company, acquired the Austrian Hypo Real Invest in January 2011, changing its name to IVG Austria AG, with headquarters in Vienna.

May 12, 2011

Immofinanz Closes Acquisition in Moscow

The Austrian real estate group takes over 100% of the GoodZone.

May 11, 2011

Atrium Strengthens Polish Portfolio

Atrium European Real Estate announces that it has completed the acquisition of the Promenada Shopping Centre (“Promenada”) in Warsaw, Poland for €171 m from Carpathian PLC.

May 9, 2011

Austria's Shopping Centers are Growing, but Not Getting More Productive

The productivity per area of the shopping centers in Austria shows a mixed picture according to a RegioPlan analysis.

May 6, 2011

Immofinanz takes over 100% of Zagreb’s Grand Centar

Immofinanz acquired the remaining 20% stake in the Grand Centar in Zagreb through its subsidiary Immoest Allegro. This stake was previously held by Generali Immobilien AG.

May 5, 2011

Immofinanz Strives for Presence in Russia

The Austrian real estate group plans to expand its activities further through the purchase of shopping centers in Moscow.

May 3, 2011

Vienna’s Real Estate Market is Booming

With the third quarter of 2010, the trend started to reverse for the Viennese real estate market. Property is booming again, rental real estate loses demand.

April 28, 2011

Zehetner Remains CEO at Immofinanz

The Supervisory Board of the Austrian real estate company extends Executive Board contracts for Eduard Zehetner and Daniel Riedl.

April 28, 2011

Warimpex to launch a Private Placement of Convertible Bonds

The Austrian real estate company intends to issue convertible bonds amounting to € 29.73m at the Warsaw Stock Exchange in order to "enhance financial flexibility".

April 20, 2011

Austria Fell for the First Time in the International Property Rights Index

The IPRI compares 129 different countries for their economic benefits in strong protection of land, intellectual property and other private property.

April 15, 2011

Sparkassen Immobilien AG: Significant EBIT Improvement

The real estate group announced its annual results for 2010. EBIT for the year ended as at 31 December 2010 improved by more than € 110m to € 60.5m.

April 15, 2011

Immofinanz Opens Tenth Retail Park in Slovakia

STOP.SHOP., an Immofinanz Group umbrella brand for specialty shopping centres in Central Europe, continued its growth course with today’s opening of the tenth retail park in Slovakia.

April 15, 2011

Rising Real Estate Returns in Austria

Institutional investors could achieve an average total return of 5.9% (before tax and finance) in Austria in 2010 with directly held real estate.

April 15, 2011

Schlumberger Takes Over Distribution of Evian and Volvic

The Austrian sparkling wine producer considers this cooperation a "strategic expansion of the beverage competence by means of international Danone water brands".

April 5, 2011

Immofinanz Announces Improvement in Results

The Austrian real estate company publishes its Q1-Q3 resuls for 2010/11. Revenues and net profits grew moderately.

March 31, 2011

conwert Announces Augmenting Operating Results

conwert Immobilien Invest SE, listed on the Vienna Stock Exchange, reported a strong operating result in the financial year 2010. Dividends will be increased.

March 24, 2011

Higher Profits for UBM Despite Lower Production in 2010

Vienna Stock Exchange listed UBM Realitätenentwicklung AG achieved higher profits in 2010 despite lower production. Dividends are to be increased by 10%.

March 23, 2011

Eco Business Back in Black

The Austrian real estate company records a fivefold increase in Group EBIT to € 25.0 m for the first three quarters of 2010.

March 22, 2011

Atrium Reaches Turnaround

The real estate company recorded positive net earnings in 2010. Profits amounted to € 111.06m.

March 12, 2011

Significant Rise in Earnings for CA Immo

The Austrian real estate group benefits from the clearly improving business climate, especially regarding the investment market for real estate.

March 10, 2011

Immofinanz: New Tenants for Romanian Procect

The Austrian real estate group wins attractive international brands as tenants of its Romanian Maritimo Shopping Center in Constanta.

March 9, 2011

Signa Holding Invests More than € 1.00bn

The Austrian real estate holding company conducted by Rene Benko intends to put strong effort into further growth.

March 7, 2011

Immofinanz: Bookbuilding for the New Convertible Issue Starts

The Austrian real estate company Immofinanz AG announced its intention to issue new convertible bonds due 2018.

March 4, 2011

Real Estate Privatization: Proceeds up to € 1.5bn

According to a study, the Austrian government could generate around € 1.5bn from the partial privatization of its real estate company.

February 16, 2011

Bizarre Allegations of Meinl against Atrium

The ongoing conflict between the Austrian bank and the US-Israeli real estate fund shows new and unusual facets.

February 16, 2011

Productivity of Shopping Centers is Stagnating

A RegioPlan study shows that only 30 of 70 surveyed Austrian shopping centers have increased their productivity.

February 10, 2011

Atrium Terminates Trust Agreements with Meinl

The US-American/Israeli fund Atrium terminates trust agreements with the Austrian Meinl Bank AG under the 2003 and 2005 bonds due to “important reasons”.

February 3, 2011

Atrium European Real Estate Announces Credit Rating Update

Atrium European Real Estate Limited a real estate company owned by Citigroup/Gazit, is placed on CreditWatch Negative.

February 2, 2011

Atrium: "Meinl Exploited its Position as a Trustee”

After the repayment of the convertible bond to the Austrian Meinl Bank, the real estate funds considers the calling as "blatant unlawfulness."

February 1, 2011

CA Immo: „Bid of UniCredit too low“

UniCredit intends to increase its stake on the Austrian CA Immo up to 29%. The board regards the bid of € 12.35 per share as being “too low”.

January 30, 2011

Meinl Bank to Cancel Previously Scheduled Bondholder Meeting

According to Atrium, a US/Israeli real estate company, circumstances causing a cross-default event do not subsist anymore.

January 29, 2011

Meinl Bank Continues to Claim Default of Atrium

Meinl Bank: „Atrium zahlt Meinl Bank states: "Contrary to their own announcement Atrium is not paying back the 10.75% convertible bond". Cross default risk remains upright

January 28, 2011

A Quiet Year for the Shopping Center Industry

Only a few large projects will be tackled in 2011 by Austria's shopping center industry; renovation of existing facilities rather prevails.

January 27, 2011

Suspicion of Insider Trading against Immofinanz’s CEO

The Austrian Financial Market Authority (FMA) is investigating Eduard Zehetner on suspicion of insider trading, according to the magazine "Profil".

January 25, 2011

Atrium Repays Convertible Bond to Meinl

The American-Israeli real estate fund Atrium repays the 10.75% 2008 convertible bond to the Austrian Meinl Bank.

January 25, 2011

Atrium Intends to Clarify Purported Event of Default

After the statement of the Austrian Meinl Bank to sue the real estate fund Atrium because of a “default of payment”, Atrium announces its point of view.

January 22, 2011

Meinl Bank: New Attacks Against Atrium

The dispute between the Austrian bank and the American-Israeli real estate fund is getting fiercer. Meinl is calling a bond.

January 21, 2011

Trend Reversal: International investors push for Austria's Real Estate Market

Austria is getting increasingly popular for foreign real estate investors. Mainly speculators start to get interested in the domestic market to care.

January 19, 2011

ATX Restructuring Expected

It is expected that the three real estate securities, CA Immo, Conwert and Immofinanz will rise into the Austrian ATX Prime leading index.

January 15, 2011

Bank Austria Increases its CA-Immo Stake

The UniCredit-subsidiary intends to acquire a major stake of the Austrian real estate company CA Immo.

January 15, 2011

CA Immo Expects Sharp Rise in Earnings

After a major expansion, the Vienna-based real estate company´s assets stand at above € 5.0bn. The annual growth rate has exceeded 30% since 2005.

January 12, 2011

Immofinanz: Record Letting Results for German Subsidiary

The Austrian Real Estate Group benefits from the upswing in the German property market.

January 12, 2011

Immofinanz Group: New Head of Developments Commercial

The Immofinanz Group announces the appointment of Ralph Bezjak, 43, who has recently taken on the position of Head of Developments Commercial.

January 10, 2011

MEL: Demand for Higher Quota against Meinl

A lawyer representing the investors calls for an increase of the quota on the occasion of the compromise between Meinl Bank and former MEL investors from 35% to 70%.

January 5, 2011

Strong Sales Growth at RE/MAX

The real estate group RE/MAX increased its sales by 18.3% to € 795m in 2010 and was also able to expand its share of the market.

January 4, 2011