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Eduard Zehetner

Immofinanz Files Lawsuit Against CA Immo

Immofinanz CEO Eduard Zehetner fulfilled his threat that the company would file a lawsuit against CA Immo and its subsidiary PHI. The complaint was filed with the commercial court in Vienna last Thursday, news magazine ‘profil’ reports in its Monday issue.

April 13, 2015

Immofinanz: Net Profit for 2013/14 at EUR 180 Mln, Property Sales Top EUR 1 Bln

Immofinanz Group announces net profit totalling EUR 180.4 million for 2013/14, for a year-on-year increase of 62.8%. Rental income was lower as a result of the extensive, planned property sales. The delayed completion of the GOODZONE shopping center in Moscow prevented the full recovery of this decline during the past year. Rental income amounted to EUR 506.7 million (-7.2%) and results of operations totalled EUR 319.2 million (-19.5%). In like-for-like comparison (i.e. after an adjustment for new acquisitions, completions and sales), rental income was generally stable (-1.3% to EUR 472.7 million). Property sales set a new record at roughly EUR 1 billion.

August 4, 2014

Event: 21st Austria & Advantage Austria: Re-Think Central and Eastern Europe - An Austrian Perspective

On September 23, 2014, 21st Austria and Advantage Austria UK will host a panel discussion at the City of London's Gherkin skyscraper. Herbert Stepic, former CEO of RBI Raiffeisen Bank International and Georg Karabaczek, Austrian Trade Commissioner for the UK will focuse on the topic "Re-Think Central and Eastern Europe: An Austrian Perspective on Diversity in Performance, Challenges and Avenues of Growth". Panellists also include Pasquale Diana, Mario Holzner and Eduard Zehetner.

August 1, 2014

Immofinanz: Changes at Executive Board

Immofinanz – Dietmar Reindl appointed to the Executive Board

April 30, 2014

Real Estate: Buwog Shares Taking Off

The highly anticipated primary listing of residential real estate affiliate of listed Immofinanz, Buwog, will be completed on Monday.

April 28, 2014

Buwog Soon to be Listed at Three Stock Exchanges

Immofinanz‘ residential real estate affiliate Buwog will celebrate its IPO at the stock exchanges in Frankfurt and Vienna on Monday, April 28 and in Warsaw on Tuesday, April 29.

April 24, 2014

Immofinanz: Substantial Increase in Profits

In the first nine months of 2013/14, the Vienna-listed group registered an increase in net income by 7.1%. For the time being, Immofinanz is not affected by the Crimea crisis.

March 19, 2014

Immofinanz: Buwog’s Spin-Off Approved

In an extraordinary shareholder meeting, the spin-off of residential real estate affiliate of Immofinanz was approved by the shareholders.

March 14, 2014

Immofinanz Kicking Off IPO of Buwog

Listed real estate company Immofinanz is kicking off its inital puplic offering of residential real estate affiliate Buwog.

February 13, 2014

Immofinanz: Good Prospects for 2014

Immofinanz is one of the major real estate enterprises in both Austria and Europe.

January 16, 2014

Buwog's Spin Off More Likely than IPO

Immofinanz plans on increasing the portfolio of its affiliate Buwog, which focuses on residential real estate, by acquiring a volume of 18,000 apartments in Northern Germany.

December 19, 2013

Immofinanz Increases Net Profit by More than 50 Percent

Immofinanz Group increases net profit by more than 50% – five-year sales programme nearly completed.

December 18, 2013

Immofinanz to Enlarge Buwog’s Portfolio

Austrian real estate company Immofinanz plans on acquiring a large portfolio in Germany. The purchase price of around € 900m is supposed to be raised by the company itself.

November 26, 2013

Germany: Austrian Real Estate Enterprises under Pressure

Austrian real estate companies have invested hundreds of millions Euros in apartments in Germany since yields are around 30 percent higher; however the German government plans on putting a hold to the upward trend.

November 25, 2013

Immofinanz to Build Shopping Center in Poland

With Warbud SA, the general contractor, listed real estate company Immofinanz will establish a shopping center for around € 95m in Poland.

October 30, 2013

Immofinanz: Zehetner Quits in 2014

The Austrian real estate group faces a change in leadership.

October 18, 2013

Immofinanz: Satisfying Results in Q1 2013/14

The Austrian real estate group registered a moderate increase in operating profits in the first quarter of the 2013/14 financial year.

September 25, 2013

Immofinanz Prepares for BUWOG Sale

The Austrian real estate company plans a going-public for Buwog in 2014. Above all, Immofinanz wants to complete Buwog´s German portfolio.

August 3, 2013

Immofinanz Posts Lower Net Income

The Austrian real estate company has published the results for the financial year 2012/13. Property sales at record high, net profit lower due to decline in positive valuation effects.

August 2, 2013

Immofinanz Postpones Buwog’s Going Public

Austrian real estate company Immofinanz has put off the initial public offering of its affiliate Buwog. The reason for the postponement is the unstable market environment. The new date for an IPO is 2014.

July 24, 2013

Poland: Immofinanz Group Sells Silesia City Center

Large property in Eastern Europe to be sold.

May 28, 2013

Immofinanz: First Office Project in Warsaw

Immofinanz Group lays foundation stone for the Nimbus office building in Warsaw

May 22, 2013

Immofinanz: Secondary Listing in Warsaw Starts Today

Today the first Immofinanz shares will be traded at the Warsaw stock exchange. CEO Eduard Zehetner will be giving a press conference in Poland’s capital.

May 7, 2013

Immofinanz to Increase Dividends

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

October 19, 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

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 Expands Investor Base

In order to gain U.S. investors, the Austrian real estate company started an American Depositary Receipt program.

May 4, 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

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

Major Sale at Immofinanz

The Austria real estate group sells an inner city palace in Vienna. The sale price reaches € 22m.

February 13, 2012

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

Difficult Search for Investors at Wall Street

Austrian companies try to find new investors in the U.S. The relatively small size of Vienna Stock Exchange and the euro-crisis make this difficult.

December 8, 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

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

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

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

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

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

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 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

Immofinanz Sells Funds for € 137m

The Austrian real estate group decided to sell its financial investments as it is focusing on its core business. 18 funds worth € 160m are still held by the company.

June 8, 2011

Immofinanz Considering Listing in Warsaw

The Austrian real estate group would be interested in a listing if red tape were reduced. It is currently looking for acquisition opportunities in Poland and Russia.

June 7, 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

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

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

Immofinanz: Positive Signs Again

At exactly 12:53 pm on Thursday, an order for 926 shares allowed the Immofinanz stock to fight its way back to the zero-line. Investors hope that the worst is over by now.

September 30, 2010