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Property Market
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
Vienna Reacts to Predicted Housing Shortage
Union and construction industry welcome the "housing offensive" of the city government.
March 17, 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
Austria's Insurance Industry Is on the Rise
In spite of still felt repercussions of the economic crisis, the Austrian insurance industry shows positive results in all divisions.
February 24, 2011
Hypo Group: Losses up to € 1.3bn
The emergency-nationalized Hypo Group is deep in the red zone as the result of high provisions and value adjustments.
February 19, 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
Austria Savers Remain Cautious
For 67% of Austrian savers, savings’ security is a priority. High yields only plays a role for about 10% .
February 5, 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
Polytec: CEO Reduces own Shares
Polytec´s CEO Friedrich Huemer reduced stake for a partial refinancing of the buyback of properties.
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
Federation of Trade Unions Calls for "Tax Justice"
A new debate is sparking off in Austria, and possibly also a tax reform. The Gewerkschaftsbund (ÖGB, Federation of Trade Unions) wants workers to be tax-unburdened.
January 18, 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
Immofinanz Acquires 49% in EHL
The Austrian real estate companies Immofinanz and EHL Immobilien GmbH agree to long-term cooperation.
January 4, 2011
Real Estate Prices Rose in Vienna in 2010
Real estate prices rose in Vienna, according to the portal FindMyHome.at by almost 3%; rental prices slightly over 1%.
January 3, 2011
Atrium Reacts Sharply to Meinl´s Lawsuit
Atrium European Real Estate Ltd comments the recent lawsuit by Meinl Bank: “A desperate response.”
December 31, 2010
Immofinanz Sues Lobbyist
The Austrian real estate group Immofinanz sues its former adviser, Walter Meischberger, because of the "Buwog Affair".
December 30, 2010
Meinl Starts New Actions against Atrium
The exchange of blows between Meinl Bank and Atrium is getting more violent. Meinl Bank is presently filing a claim before the Arbitration Court of the Economic Chamber.
December 29, 2010
Garage Operator Company List Expands to Hungary
The Vienna-based List Group, which acts as real estate company, acquired the Wipark Group in Hungary.
December 28, 2010
Bank Austria-Fund “Real Invest Europe” Opens as from 21 December 2010
Revaluation of property portfolio complete. Commercial property in Stuttgart sold at market price.
December 21, 2010
Meinl against Atrium: Up to 7,000 Lawsuits
The Austrian bank files lawsuits against the successor company of her former real-estate funds MEL.
December 20, 2010
New Project in Poland for Atrium
Atrium strengthens polish portfolio with € 168.5m acquisition of a shopping centre in Warsaw.
December 20, 2010
Immofinanz Records Increasing Revenues and Earnings
Revenues of the Austrian Real Estate Company were up by 3.3%. EBIT increased by 19%.
December 20, 2010
Difficult Times for Austrian Investors in Zagreb
The plan of an Austrian group of investors to build the largest shopping center in Europe in the Croatian capital threatens to fail.
December 10, 2010
Conwert Appoints Volker Riebel as New CEO
Chairman of the Administrative Board, Johannes Meran: “With Mr. Riebel, we won an internationally recognised real estate professional as CEO.”
December 9, 2010
Kaufmann Group Builds for € 130 Million in Zagreb
The real estate Kaufmann group from Linz starts its second major project in the Croatian capital. The investment volume amounts to € 130 million.
November 30, 2010
Industrialists: Destruction of Business Location Averted
The Industriellenvereinigung (IV, Industrialists Association) is relieved about issues concerning location policy, and at the same time calls for structural reforms.
November 30, 2010
Bank Austria: Growth Potential for Real Estate in Romania and Bulgaria
Despite the signs of economic revival, Bulgaria and Romania markets are still largely being ignored by international investors, says Bank Austria.
November 29, 2010
S Immo Records Profits Again
Vienna-based Sparkassen Immobilien AG records a successful operating performance in the first three quarters of 2010 after the weak year 2009.
November 25, 2010
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