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Real Estate Industry
Bank Austria`s Headquarter Sold
The Austrian investor Ronny Pecik has bought the headquarter building of the largest Austrian bank.
December 14, 2013
CA Immo Aquires P1 Portfolio in Poland
CA Immo AG acquires shares of joint venture partner AXA in “P1” Portfolio in Warsaw.
December 13, 2013
CA Immo to Construct New Office Building in Berlin
Europacity Berlin: Rental and start of construction for new office building in Berlin
December 12, 2013
S Immo AG: Disposal Target for 2013 Exceeded
S Immo sold a further five properties.
December 11, 2013
Austria: Apartments „Too Expensive for Average Citizens“
Josef Schmiedinger, CEO of s-Bausparkasse, stresses that there is enough housing space in Austria. However, housing becomes less and less affordable, he says.
December 11, 2013
Austria: Housing Becomes More Expensive
Over the last decades, housing costs were up significantly. For the next government, the issue will be crucial.
December 9, 2013
Austrian Property Market: Housing Still Affordable
The Austrian real estate market is characterized by the low home ownership rate. In a European comparison, costs are below-average.
December 7, 2013
Controversials at conwert
Clemens Schneider was appointed as new CEO of the Vienna-listed real estate group. Not everybody is happy with the decision.
November 30, 2013
Poland Looking for Investors for PHN
Polish real estate group PHN (Polski Holding Nieruchomości S.A.) is searching for an investor.
November 28, 2013
New CEO at conwert
Today, the Austrian real estate group has presented its new chief executive officer to the public. As of February 1, Clemens Schneider will manage conwert.
November 27, 2013
Conwert Doubles Profits in First Nine Months
conwert on course for year of record operational results following strong nine months in 2013
November 27, 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
Bulgaria: Real Estate Transaction Increase Substantially
In the third quarter, Bulgaria´s residential property real estate transactions were up by 20%.
November 23, 2013
Bawag Sells Headquarter Building
In order to improve its equity base, the Austrian banking group sells the headquarter building in Vienna´s City.
November 23, 2013
Buwog Aquires Portfolio in Berlin
Buwog has once more acquired apartments at the German real estate market.
November 20, 2013
Slovak Real Estate Market: Office Segment Weakens
In the third quarter of 2013, transactions in the office market were down substantially.
November 20, 2013
Austria: Bad Bank For Hypo As Good As Guaranteed.
Chancellor Faymann and Deputy Chancellor Spindelegger are in favor of creating a bad bank for Hypo Group.
November 14, 2013
Slovakia: Property Prices on the Fall
The Slovak property market continues the downward trend. In late summer, property prices have reached a five-year low.
November 8, 2013
Unequal Retail Real Estate Investment Activity in CESEE
While investments in retail real estate in Bulgaria see an upturn, those in Romania have dropped immensely by more than 50 percent.
November 8, 2013
Buwog to Expand Massively in Germany
Buwog, wholly-owned subsidiary of Vienna-listed Immofinanz, prepares the acquisition of a large real estate portfolio in Germany.
November 7, 2013
Slovenia: Banking Act Rejected by Parliament
The Slovenian parliament has disapproved of the banking act which planned to introduce bail-in rules throughout the European Union.
November 6, 2013
Slovenia: Petition Against Real Estate Tax Initiated
On Monday, a petition against the planned real estate tax was initiated. In an attempt to reduce the massive fiscal shortfall, Slovenia is looking for new revenues. The property tax is supposed to bring about more than € 400m.
November 5, 2013
Serbia: FDI as Driver for Economy
Further decline in FDI could affect economic growth in the Western Balkan state. The Serbian government announced to push forward with amendmends to improve business environment and boost economic growth.
November 4, 2013
IMF Wants to Introduce Compulsory Tax
IMF’s idea of introducing a compulsory tax on household assets could decrease state debt earns harsh criticism. Economists reject the idea.
November 4, 2013
Bawag Investor Cerberus to Leave?
Rumors have it that US fund Cerberus will sell his share in Austrian bank Bawag. According to head of Bawag, Byron Haynes, a selling process has not yet begun.
October 31, 2013 · Updated: November 5, 2013; 17:30
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
Slovenia: Real Estate Tax Wobbles
The ruling parties could not agree on a common standpoint yet. The controversial real estate tax may fail.
October 22, 2013
Prague: Strong Foreign Demand for Real Estate
About a third of the buyers of Prague-based apartments are foreigners. Most buyers are Slovaks or Vietnamese.
October 21, 2013
Conwert Changes Strategy
The Vienna-listed real estate group will strengthen its portfolio in Germany. Moreover, conwert faces a change in leadership.
October 20, 2013
Polish Real Estate: Prices on the Fall
In the last twelve months, the price of Polish apartments has fallen moderately.
October 20, 2013
Slovenia: Massive Concerns Against Real Estate Tax
The Slovenian government plans to introduce property taxes in order to reduce the budget deficit. The opposition warns that the tax may be “highly counterproductive”.
October 18, 2013
Immofinanz: Zehetner Quits in 2014
The Austrian real estate group faces a change in leadership.
October 18, 2013
Slovenia Introduces Property Tax
In order to reduce the massive fiscal shortfall, Slovenia is looking for new revenues. The property tax may bring more than € 400m.
October 17, 2013
IMF: „Banks and Companies in a Vicious Circle“
Not only Greece, Spain or Portugal are struggling with a financially stricken banking sector. In Southeastern Europe, the situation is quite similar.
October 11, 2013
Southeastern Europe: Property Market Clashes
Since mid-2012, the property market in Southeastern Europe shrinks drastically. In Croatia, house prices fell by 20%.
October 10, 2013
CA Immo to Sell Mercedes Benz Headquarters in Berlin
After selling Tower 185 in Frankfurt, CA Immo will now sell the headquarters of Mercedes Benz in Berlin. By this measure, debts will decline significantly for the Austrian real estate company.
October 7, 2013
COO Daniel Riedl appointed CEO of BUWOG
The 20th Annual General Meeting (AGM) of IMMOFINANZ AG, Daniel Riedl was appointed as CEO of the subsidiary Buwog. Riedl will prepare Buwog´s IPO.
October 3, 2013
CA Immo: Four Star Hotel in Berlin Completed
Europacity Berlin: CA Immo completes new InterCityHotel at Berlin’s central station
October 1, 2013
CA Immo: Agreement for Partial Sale of Group’s Largest Project
CA Immobilien Anlagen AG signs agreement to sell two-thirds of Tower 185 in Frankfurt.
October 1, 2013
Austrian Real Estate Market: Shopping Centers Under Pressure
Shopping centre market: old and less attractive models coming under increased pressure from online trading. This is reported by Bank Austria in its latest report “Real Estate Country Facts”.
September 28, 2013
Austrian Real Estate Market: Residential Housing Still Affordable
Austria offers good and affordable residential housing. However, strong price gains were registered in 2012, Bank Austria published in its report “Real Estate Country Facts”. In the next years, rents will continue to grow.
September 27, 2013
Austrian Real Estate Market: “Small Market in Good Shape with Potential”
The Austrian real estate market is a small, stable market with net cash flow returns of around 5 percent in the last nine years. This is the result published in Bank Austria´s report “Real Estate Country Facts”.
September 27, 2013
Austrian Commercial Real Estate Market on Right Track
Viennese office property market: new lettings are slowly picking up momentum – new construction volume of 205,000 m² expected in 2013. This is the result of the report “Real Estate Country Facts” issued by Bank Austria.
September 27, 2013
Raids at Ukrainian Affiliate of Bank Austria
Ukrsotsbank in Kiev was searched on Friday due to unclear ownership structures of non-performing loans which led to disputes between banks and clients. Within the Unicredit Group Bank Austria is responsible for banks in Eastern Europe.
September 25, 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
Porr Lands Ikea Contract in Poland
The Austrian construction company Porr has landed two contracs in North Poland for a total volume of € 150m.
September 24, 2013
Romania: Real Estate Sector in Difficulties
In the first eight months of 2013, property prices were down by 7%.
September 18, 2013
Viennese Office Market Records New Low
The property market of Austria´s capital becomes less attractive. Since 2008, the production of new office space goes down.
September 16, 2013
No Asset Bubble in Austria
Despite the growing property prices in the last years, Austria does not face a real estate bubble.
September 14, 2013
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