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Real Estate Industry

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

Conwert: Strategic Repositioning Completed

CEO for conwert in Q4 2013

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

S Immo AG Invests in Berlin

S Immo purchased office property in Berlin's Sonnenallee.

May 21, 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

CA Immo: Dividend Announcement

CA Immo to distribute € 0.38 per share.

May 8, 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

Hungary: Percentage of Foreign Direct Investments in Decline

Foreign Direct Investments in 2012 was 5.2 % less than in 2011. According to the statistical central office in Hungary (KSH), the drop in the last quarter showed even -7.9 %. Massive declines in almost all sectors.

March 4, 2013