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Property Market

CA Immo: „Results Would Have Been Perfect“

CEO of CA Immo, Bruno Ettenauer, proclaims that without devaluations the real estate company had to make the end results for 2012 would have been “perfect”. Now, CA Immo considers withdrawing from non profit-making markets.

March 21, 2013

Conwert: Profits in 2012 Negatively Effected

Target EBT of € 50m was met. Revenues dropped by 26.7 % y/y from € 852.9m to 625.1m. Earnings before tax amounted to € 154.6m. Outlook: conwert plans to gradually expand core business in Germany and Austria.

March 21, 2013

CA Immo: Major Drop in Profits

On Tuesday evening, CA Immo published the annual figures for 2012. The market-listed real estate company shows profits of € 48.6m which means a decrease of 28 %.

March 20, 2013

Austria: Increasing Demand in Flats

Half of the required flats in Austria are missed in Vienna. Experts have long forcasted the growing need in newly constructed buildings particularly in the city centers.

March 18, 2013

Improvement on the Czech Commercial Real Estate Market in Sight?

Bank Austria sees anti-cyclical investment opportunities in the Czech Republic and CEE. The Czech Republic offers a low country risk and transparent real estate market.

March 13, 2013

Austria: “Short Supply on Real Estate Market”

Demand is expected to remain high for residential real estate in 2013. Supply is lingering behind demand particularly in locations where business is strong, Bank Austria reports.

February 27, 2013

Immofinanz Withdrawsfrom Swiss Hotel Market

The Austrian real estate group sells Kempinski Residences and Hotel as well as the Grand Hotel in St. Moritz.

February 18, 2013

Immofinanz Withdraws from the Tender for GBW AG

The Austrian real estate group has withdrawn its non-binding offer for the purchase of the tendered shares in GBW AG, Munich, and informed the seller, Bayerische Landesbank, of this decision on 13 February 2013.

February 13, 2013

Estonia: Real Estate Transactions Up by 12%

According to Statistics Estonia, in 2012, 36,176 purchase-sale transactions of real estate in the total value of 1.7 billion euros were notarised.

February 12, 2013

CESEE Office Market Shows Solid Fundamentals

CESEE office market is undergoing a stable development; rental levels remain largely solid in most of the region, Erste Group says.

February 11, 2013

Slovak Property Market Recovers

For the first time since 2008, property prices were up in the fourth quarter of 2012.

February 6, 2013

Austria: Residential Building Is „Much too Low“

In the next years, Austria faces a remarkable housing shortage, the Austrian Chamber of Labor (AK) warns.

February 5, 2013

Immofinanz Continues Sales in Vienna

The Austrian real estate company continues the implementation of its real estate sales programme. Besides that, Immofinanz decides to leave France.

February 4, 2013

Property Market: Baltic Countries Against the EU Trend

Third quarter 2012 compared with third quarter 2011: Euro area house prices down by 2.5%.

January 31, 2013

Vienna Suffers from Housing Shortages

In the next 20 years, Vienna will need up to 200,000 new accommodation units.

January 23, 2013

Conwert Finishes Major Investment

The Austrian real estate company closes the acquisition of majority interest in KWG Kommunale Wohnen AG.

January 21, 2013

WIFO Wants Higher Property Taxes

Karl Aiginger, director of Austrian Institute of Economic Research, suggests reducing wage taxes.

January 21, 2013

Immofinanz: New Projects in Berlin

Purchase of a 3,000 sqm property for the realisation of 100 flats in the Charlottenburg-Wilmersdorf district of Berlin. 1,500 new flats in Berlin in construction or in planning.

January 21, 2013

Conwert Announces Strategic Asset Refocusing

According to preliminary figures, the EBT guidance of € 50 million has been achieved in 2012 before one-off effects. Strategic refocusing leads to negative one-off adjustments

January 18, 2013

Benko Establishes Joint Venture with Israeli Investor

The Austrian real estate investor René Benko has found a partner. The joint venture will focus on commercial properties in Germany.

January 16, 2013

Austrian Property Market Becomes Even More Attractive

According to a survey carried out by the business advisor Ernst & Young, about 90% of the interviewees think that Austria´s real estate market is attractive.

January 15, 2013

Austrians Still Prefer Traditional Investments

According to a survey carried out on behalf of the investment fund Fidelity Worldwide Investment, Austrians tend to conservative investments.

January 14, 2013

BUWOG to Strongly Expand Business in Berlin

Germany remains motor of growth for the Austrian real estate company. The subsidiary of Austrian Immofinanz acquires properties with 34,500 m² total space for 520 flats.

January 10, 2013

Good Outlook for Viennese Property Market

According to real estate experts, Vienna is one of the most attractive market for retail investments.

January 8, 2013

Vienna: Property Market Booms

Last year, property prices in the Austrian capital were up by 12% on average.

January 3, 2013

CA Immo: New Tenants in Hungary

CA Immo was able to acquire new tenants for some 9,300 sqm office space in five Hungarian office properties over the past six months.

December 10, 2012

Real Estate Market: Austria Is Underdeveloped

Regarding the rate of owner-occupied flats, Austria is below the EU average. Poland ranks first.

November 21, 2012

Vienna: Property Market Still Booming

On average, prices for new apartments rose by 9.7% from October 2011 to October 2012.

November 19, 2012

CA Immo: New Major Tenant in Vienna

The Austrian real estate supplier lets 21,500 sqm of Viennese office building to Bosch

November 16, 2012

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

Austria: Properties Worth € 10bn Inherited Every Year

According to Raiffeisen Bausparkasse, Austria faces a boom in real estate inheritances.

November 7, 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

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

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

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

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

conwert takes over residential portfolio in Berlin

Residential property portfolio acquired at high two-digit million amount . Economies of scale possible through significant expansion of conwert’s portfolio in Berlin

August 9, 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 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

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

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

Success for CA Immo in Frankfurt

The Austrian real estate company CA Immo has concluded another lease for approximately 1,350 m2 (14,531 ft2) of office space in Frankfurt’s Tower 185.

June 15, 2012

Persistent Boom in Austrian Real Estate Prices

On average, property and apartment prices were up by 6% last year. This is substantially above the inflation rate.

May 30, 2012
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