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Real Estate Industry
Austria: Immofinanz Group Sells Hilton Vienna Danube
Immofinanz Group sells Hilton Vienna Danube above the carrying amount of the property.
September 2, 2013
EU Approves Hypo Group´s Restructuring Plan
The re-privatization of the Austrian publicly held banking group was approved by the Commission. According to the Commission´s report, Hypo Group´s expansion strategy was highly dangerous.
September 2, 2013
Turkey Wants to Become 9th Largest Economy by 2050
Turkey is hoping to become the ninth largest economy worldwide by the year 2050. Growth rates will be around 5.2 percent in the years from 2012 to 2017.
August 30, 2013
Austria: Conwert Shows Best Half-Year Results in History
conwert with best operational half-year results in the company's history.
August 22, 2013
Romanian Real Estate Market to Stabilize
According to a study, the real estate market in Romania has stabilized again.
August 19, 2013
Austrian Real Estate Sector: Sales Are Going Down
In the first half year of 2013, property sales went down substantially. In Vienna, the decrease is disproportionately high.
August 6, 2013
conwert strengthens its presence in Germany
The Austrian property investor concludes the acquisition of a large residential property portfolio. Portfolio of 4,016 rental units and a floor space of 265,815 sqm
August 6, 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
Slovenian Real Estate Sector Shrinks
The building activity in Slovenia slackens. Moreover, transactions remain weak and new housing loans have reached a record low. A further decrease in real estate prices is rather likely.
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
Property Market: Vienna Among Top Ten in Europe
For the first time ever, Austria´s capital is among the most expensive cities. On average, the price per square meter comes at 3,000 in Vienna´s city.
July 20, 2013
Viennese Real Estate Market Stagnates
After a long-lasting boom, the upward trend in Vienna´s property market has come to an end.
July 17, 2013
Alpine Bankruptcy Hits Clients Hard
According to real estate experts problems for home builders have just started.
July 10, 2013
Conwert Pushes Portfolio Streamlining In CEE
The Austrian ATX-traded conwert Immobilien Invest SE has successfully sold a commercial property in the city of Brno, Czech Republic.
June 28, 2013
Mitterlehner: Romania Offers New Chances for Austrian Economy
Austrian Economy Minister Reinhold Mitterlehner met his Romanian counterpart Varujan Vosganian in Vienna.
June 25, 2013
S IMMO AG: Werner Weissensteiner joins Portfolio Management team
Werner Weissensteiner has joined the Portfolio Management team at S IMMO AG.
June 11, 2013
RBI Supervisory Board to Elect Stepic’s Successor
On Friday, the supervisory board will vote on former CEO Herbert Stepic’s successor for listed Raiffeisen Bank International (RBI).
June 7, 2013
S Immo AG: Green Building Certification And Another Award In SEE
BREEAM certificate and SEE Green Building Award for S Immo properties.
June 4, 2013
Poland: Immofinanz Group Sells Silesia City Center
Large property in Eastern Europe to be sold.
May 28, 2013
Austria: New CEO for RBI to Be Announced "In The Coming Days"
On Monday, the supvising boad will negotiate about the filling of the post for the CEO of listed Raiffeisen Bank International (RBI).
May 27, 2013
RBI: Meeting About Stepic’s Successor on Monday
Today, Herbert Stepic announced his resignation as CEO of Raiffeisen Bank International (RBI) due to personal reasons.
May 24, 2013
Immofinanz: First Office Project in Warsaw
Immofinanz Group lays foundation stone for the Nimbus office building in Warsaw
May 22, 2013
Austria: New Bidder for Hypo Group
Apart from Indian Srei Group, a new interested party has entered the match for the ailing banking institute.
May 16, 2013
Real Estate Industry: Major Losses for Properties In CESEE
According to Manfred Wiltschnigg, CEO of Austrian Real Estate Agency Immofinanz until the end of March, investments in Poland are becoming more risky.
May 6, 2013
Immofinanz Share Soon to Be Listed in Warsaw
The Immofinanz share will in all probability be listed in the Main Market of the Warsaw Stock Exchange starting on 7 May 2013.
April 29, 2013
Ca Immo: Google To Lease 14,000 Sqm In Munich
Google has taken out a lease with CA Immo and E&G Financial Services for the planned Kontorhaus office building, in Munich’s Arnulfpark.
April 22, 2013
Austria: Immofinanz Group Acquires Berlin Residential Portfolio
Buwog, a wholly owned subsidiary of Immofinanz Group, has acquired a residential portfolio in Germany.
April 22, 2013
S&P: More Funds For KA Finanz
Austrian major banks are performing weakly. Risks increase in CESEE countries. S&P also warns of real estate bubble in Vienna.
April 18, 2013
RBI to Take Over Bank of Cyprus Affiliate?
The Bank of Cyprus has split up with the assets of its Romanian affiliate. Apart from RBI, Banca Transilvania is a potential buyer.
April 18, 2013
Slovenia to Emerge From Quagmire By Itself?
A recent report by the OECD paints a dim picture of the country’s economic future.
April 17, 2013
Austria: Three Convictions at Immofinanz Process
Former head of Immofinanz, Petrikovics, was sentenced to six years in prison. Co-defendants Schwager and Thornton were sentenced as well.
April 12, 2013
Conwert to Increase Capital Up to 50 %
Management wants to be given go-ahead from shareholders at the next general meeting for the increase of capital of up to 50 %.
April 10, 2013
Immofinanz to List in Warsaw
Real state corporation Immofinanz wants to list their shares on the Warsaw stock exchange.
April 9, 2013
Cyprus: Prone to Recession
Despite of the bail-out package, the country is threatened by a deep recession in the coming two years.
April 3, 2013
Cyprus: Anastasiades Comes Under Suspicion
President Nikos Anastasiades is in dire straits as he is accused of having transferred huge amounts of money to foreign countries and having warned relatives. In the meantime, the austerity package is almost set.
April 2, 2013
Cyprus: Trying to Avoid Chaos at Banks
Today, Cyprus‘ banks are supposed to be opened after almost two weeks of closing. The citizens are called for calm and there are limits for drawing money. The currency rate was downgraded to Caa2 by Moody’s.
March 28, 2013
Austrians Poorer Than Italians or Spaniards?
According to a study carried out by the German Central Bank (Bundesbank) assets of private households in Austria is less than in Italy or Spain.
March 22, 2013
Immofinanz Group Reveals Less Profit
Operating profit (EBIT) reduced by € 47.9m to € 444.7m. Decline in net profit from € 269.4m to € 210.1m. Cash flow rose by 8.9% y/y to € 315.3m.
March 21, 2013
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: Meinl‘s Bail Money to Be Reduced Significantly
According to the Higher Regional Court (OLG) in Vienna, Julius Meinl is to receive € 90m of his bail money back.
March 19, 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
S Immo AG: New Contracts in Bucharest and Sofia
New tenants in Serdika/Sofia and Sun Offices/Bucharest. Stock exchange listed S IMMO AG has again achieved letting successes in Romania and Bulgaria – two markets that continue to be economically challenging.
March 12, 2013
Serbia: Number of Dwellings Rose Substantially
Today, the Serbian Statistical Office has published the Census of Population, Households and Dwellings.
March 8, 2013
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