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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
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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
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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
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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
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Gerhard Niesslein Becomes CEO of Orascom Development Holding
The Swiss-based town developer appoints Austrian Gerhard Niesslein as new CEO of the Group. Samih Sawiris remains Executive Chairman focusing on the firm's strategic development.
July 15, 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
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conwert Interested in Billion-Euro Deal with LBBW
The Austrian real estate company is looking for partners to purchase the residential property portfolio of the German bank. Industry experts see a realistic chance for an acquisition.
June 20, 2011
CA Immo: Uniform Brand Appearance also in Germany
In the future, the Austrian real estate group’s German subsidiary Vivico Real Estate GmbH will operate under the brand "CA Immo".
June 20, 2011
Atrium and Meinl Bank Agree to Stop All Legal Proceedings
The American-Israeli real estate fund and the Austrian bank reached a settlement agreement on the dismissal of all claims between them.
June 17, 2011
Immofinanz Acquires Romanian Property Developer
The Austrian real estate company buys the remaining stake for € 42.43m in order to become sole shareholder of Bucharest-based Adama.
June 16, 2011
Immofinanz Acquires Office Property in Warsaw
The Austrian real estate company already held 51% of the property and is now becoming the sole shareholder. The transaction includes the sale of another object to a project partner.
June 10, 2011
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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
CA Immo Starts Work on Shopping Center in Frankfurt
The Austrian real estate group and its joint venture partner invest € 360m into the project. The opening will take place in fall 2013.
June 1, 2011
Immofinanz Sells Office and Retail Property in Vienna
The Austrian real estate group sold a property located at Simmeringer Hauptstraße in Vienna to HIH Global Invest GmbH for € 29.2m.
May 30, 2011
Warimpex: First-Quarter Loss Widens
The Austrian real estate company’s loss increased from € -0.7m to € -3.0m in the first quarter of 2011. EBIT fell from € 2.9m to € -0.3m.
May 27, 2011
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CA Immo: Initial Consolidation of Europolis Prompts Sharp Rise in Earnings
The figures for the first quarter of 2011 show a strong rise in earnings following the inclusion of Europolis into the consolidated accounts of the Austrian real estate group.
May 25, 2011
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
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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
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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
Al Jaber Intends to make further Investments in Austria
Despite massive criticism of business partners and rumoured illiquidity, the Saudi investor Mohammed Al Jaber wants to realize further investment projects.
April 26, 2011
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Al Jaber in Distress
Saudi investor Mohamed Al Jaber has to fight on several fronts in Austria. Kneissl awaits restructuring, loans are due.
April 23, 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
Falkensteiner Builds in Serbia and Slovakia
The Austrian developer of tourism projects is expanding in the CEE region. The premium segment in the hotel industry is to be strengthened.
March 31, 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
ÖVAG Bundles Real Estate Activities
Austrian Volksbanken-AG (ÖVAG) bundles its real estate activities in the competence center "VB Real Estate Services”.
March 24, 2011 · Updated: March 24, 2011; 01:17
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
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