Sponsored Content
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 Refinances Shopping Mall in Moscow
ZAO Raiffeisenbank provides a major loan for the Austrian real estate group in order to expand operations in Russia.
November 14, 2011
UBM Improves Results
The Austrian real estate development company presented a moderate rise in earnings. Sales remained stable.
November 12, 2011
ECO Business Reports Losses
The Austrian real estate company, which is listed at Vienna Stock Exchange, announces losses for the first nine months of € 6.8m.
November 12, 2011
Immofinanz Completes Acquisition of Romanian Adama
The Austrian real estate group has taken full control over the southeastern European housing firm, in which it has held a stake since 2007.
November 9, 2011
CA Immo Sells Hotel Site in Berlin
The Europacity urban district, in which the Austrian real estate group owns a major part, is progressing apace. A first-class hotel will be opening in early 2014.
November 9, 2011
Conwert Reorganizes its Activities
The Austrian real estate company will sell a major stake in the real estate broker Resag. Assets over € 600m should be sold this year.
November 7, 2011
Unequal Distribution of Wealth in Austria
The richest 10% of Austria´s population possess 54% of the monetary wealth. Regarding real estate, inequality is observed too.
October 30, 2011
Immofinanz Opens New Shopping Center in Romania
Total cost of the Austrian real estate company’s project amounted to € 100m, including a co-investment by French retail chain Auchan.
October 27, 2011
Immofinanz: „Difficult Office Market“
Due to the weak economic growth, the Austrian real estate company already sees difficulties in the Austrian rental market for offices.
October 22, 2011
Warimpex Hopes for Strong Year
The Austrian real estate company holds out the prospect of a dividend payment. EBIT is expected to increase by 20% this year.
October 21, 2011
Rents in Vienna Still on the Rise
Since the beginning of 2011, rents on the Viennese rental market increased by 2.0%. On average, the rent for one square meter is € 13.00.
October 17, 2011
Still Danger of Overheating in SEE Property Markets
According to the “Bank Austria Real Estate Country Facts”, commercial property markets in Croatia, Serbia and Slovenia are gaining ground, but risks of overheating remains.
October 15, 2011
CA Immo Commences Hotel Construction in Berlin
The Austrian real estate company invests € 53.2m in the Europacity development project. The hotel is scheduled for completion in 2013.
October 13, 2011
Immofinanz Opens Shopping Center Extension in Poland
The Austrian real estate company invested € 50m in the project, making it one of the top five shopping centers in Poland.
October 12, 2011
Immofinanz: Convertible Bond Raises Equity Base
After the expiration of a convertible bond, the Austrian real estate company anticipates a substantial rise in equity.
October 8, 2011
conwert Takes Over Property Management for German Tower Group
Additional management of more than 4,600 residential and approx. 300 commercial units in Berlin and North Rhine-Westphalia At 30 June 2011, Austrian conwert managed a total of 60,825 residential and commercial units.
October 5, 2011
Atrium Appoints New CFO
The Vienna-listed Atrium European Real Estate Limited, a real estate company focused on shopping centres in Central and Eastern Europe, announces the appointment of David Doyle as CFO, with effect from 1 January 2012.
October 4, 2011
S Immo Decides to Launch Share Repurchase Programme
The share repurchase programme of the Austrian real estate Group starts on 6 October 2011.
October 4, 2011
Upward Trend in CEE Real Estate Market
Erste Group: “CEE Real Estate stocks with upside potential of 15%, profitability lags behind”. The upward trend in CEE is driven by low vacancy, strong occupier demand and low pipeline.
October 3, 2011
New Chief Financial Officer for Immofinanz
Birgit Noggler was appointed to the Executive Board of the Austrian real estate company. She will take up the post on 1 October.
September 30, 2011
Strabag Realizes € 250m High-Rise Project in Berlin
The Austrian construction group will invest € 250m in a property in prime capital location. Completion of the project is expected in 2015.
September 29, 2011
Atrium Completes the € 191m Acquisition of Palac Flora in Prague
The Vienna-listed real estate group extends its-Czech portfolio, which now reaches 98 properties after Prague's largest real estate transaction in 2011.
September 27, 2011
Drastic Decrease in Profits for Immofinanz Group
The Austrian real estate company records increasing rental income in the first quarter of 2011/12. The decline in profits is due to foreign exchange effects.
September 26, 2011
conwert Establishes Its Own Sales Team in Austria
The Austrian real estate company cancelled its contracts with Resag and Wiener Privatbank to realize a savings potential of between € 1.5m and € 2.5m annually.
September 23, 2011
Immofinanz Acquires Property in Warsaw
The Austrian real estate company made its largest office property acquisition since 2008. The purchase price is € 102m.
September 22, 2011
Immofinanz 2011 Convertible Bond Conversion Period Ends October 6
The Austrian real estate company Immofinanz informs, that the conversion of the convertible bonds 2011 is possible only until 06 October 2011 at 4.00 pm (CET).
September 13, 2011
CA Immo Sells Major Stake of Skyline Plaza
Together with ECE, the Austrian real estate company sells a 80% stake on the project Skyline Plaza, which is a shopping center in Frankfurt, Germany.
September 12, 2011
Significant Growth for Austrian Leasing Business
In the first term of 2012, Austrian leasing companies experienced a 25%-growth. Total business volume amounted to € 3.3.bn.
September 12, 2011
Immofinanz Continues Sale Program in Austria
The Austrian real estate company reported the successful implementation of its five-year sale program. By 31 July property sales had generated proceeds of € 665.4m.
September 5, 2011
Negative Result for Warimpex
The Austrian real estate company recorded a loss of € 3.2m in the first half of the year. EBIT fell from € 13.4m to € 7.6m.
August 30, 2011
S Immo: Earnings more than Doubled in the First Half of 2011
The Austrian real estate company recorded EBIT of € 51.3m, up 70.6% year-on-year. Net income doubled to € 10.1m.
August 29, 2011
Sharp Rise in Earnings for CA Immo
Rental income of the Austrian real estate group increased by 54% in the first half of the year. EBIT amounted to € 112.4m, up 53% from the reference period.
August 25, 2011
Eco Business to Continue Redimensioning
The Austrian real estate company registered a strong decline in EBIT and incurred a net loss of € 3.0m in the first six months of the year.
August 24, 2011
conwert: Lower Income despite New Sales Record
The Austrian real estate company recorded a decline in income of 33% year-on-year. Proceeds on the sale of properties are expected to reach a total of € 600m in the full year.
August 17, 2011
Atrium with Significant Increase in Profit
The real estate company achieved a plus of 19.4% in net rental income in the first half of the year. Profit before tax increased by 8.9% to € 113.7m.
August 16, 2011
Financial Market Authority Terminates Inquiry against CEO of Immofinanz
The head of the Austrian real estate group had been accused of insider trading and delayed shareholder information.
August 12, 2011
Demand for Real Estate Remains on a High Level
In the first half of 2011 Austrians invested € 8.3bn in real estate. Vienna remained the number one region with a total volume of € 2.31bn.
August 10, 2011
Atrium to Develop Hypermarket in Poland
The real estate company will develop a shopping center in the city of Lublin for the French retail chain Auchan.
August 10, 2011
conwert Confirms Outlook after Half-Year Results
The Austrian real estate company expects an operating result of between € 61m and € 63m for the first half of 2011 and an increase of 15% for the full year.
August 8, 2011
Immofinanz with Strong Results in Financial Year 2010/11
The Austrian real estate company recorded an increase in net profit of 60% and will pay a dividend for the first time since 2007.
August 4, 2011
Bank Austria Finances Portfolio of Apartment Houses in Vienna
The Austrian bank generates a stimulus for Vienna’s real estate market and finances 53 apartment houses with € 110m.
August 2, 2011
Immofinanz Acquires Development Site in Poland
The Austrian real estate company plans to develop a shopping center in the Polish city of Lublin. Opening is scheduled for 2013.
August 2, 2011
Immofinanz Completed Sale of Office Campus Gasometer
The Austrian real estate company and its partner sold an office property in Vienna for € 75m to Bank Austria Real Invest.
August 1, 2011
Hypo Alpe Adria Sells Schlosshotel Velden
The Austrian bank signed a purchase agreement with Amisola Immobilien AG. Falkensteiner Michaeler Tourism Group will take over management of the hotel.
July 29, 2011
Warimpex Sells Hotel in Warsaw
The Austrian real estate company sells the Sobieski Hotel in Warsaw, together with an adjacent 6,000 square meter office building to Wenaasgruppen, headquartered in Norway.
July 28, 2011
Immofinanz Generated New Funds in Russia
The Austrian real estate company reached an agreement on the refinancing of its logistics center in St. Petersburg. The new funds will be invested in further projects in Russia.
July 21, 2011
Atrium Executes Settlement Agreement with Multi Investment
As a result of the agreement, the American-Israeli real estate fund will receive net cash of € 64m and generate a profit of € 156m.
July 15, 2011
German LBBW Starts Sale of Property Portfolio – conwert Interested
An acquisition of the real estate portfolio is not affordable for the Austrian group. However, it might enter a partnership and take over the asset management.
July 13, 2011
S Immo Increases the Occupancy Rate of its Hungarian Portfolio
The Austrian real estate company’s Hungarian subsidiary leased out nearly 4,000 m² in the heart of Budapest. The vacancy rate was reduced to below 9%.
July 7, 2011
CEO Volker Riebel Leaves conwert
The Austrian real estate company announced a new management structure: CEO Riebel leaves; the managing board will consist of two directors.
July 6, 2011
Fast News Search
This category only
