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Real Estate Industry
CA Immo: Operating Performance above Expectations
CA Immo: Strong performance in 2013 boosts profitability and share price development.
January 14, 2014
Bulgaria: Small Growth in Real Estate Market
The real estate market in Bulgaria saw a growth of 2.98 percent last year.
January 9, 2014
Shortages in Austrian Real Estate Market
The Austrian real estate association (ÖVI) warns of a low building activity. There is a lack of more than 10,000 new housing units per year, ÖVI argued.
January 8, 2014
Orco Property Group: Cut in Number of Board Members
Shareholders of Luxembourger real estate company Orco Property Group voted to cut the number of board members from nine to five on Monday.
January 8, 2014
Slovenia: Calls for Reforms Become Louder
The Slovenian Chamber of Commerce (GZS) calls upon the government to accelerate the realization of reforms to boost economic growth.
January 8, 2014
Slovenia: More Resistance Against Real Estate Tax
On Friday a second petition was filed at the Constitutional Court against the property tax.
January 4, 2014
Austria: Personnel Changes at Immofinanz
Daniel Riedl succeeds Alexander Hoff as spokesman of the BUWOG Management Board.
January 3, 2014
Austrian Real Estate Market Cools Down
While urban rented apartments will grow moderately, the commercial property market is expected to shrink significantly.
January 2, 2014
Croatia: Real Estate Market Crisis Goes On
After the collapse of the Croat real estate market in 2009/10, the price decrease still holds on.
December 30, 2013
Austrian Real Estate Market Returns to Normality
Demand is slowing down again. Nevertheless, the price level remains high.
December 26, 2013
CA Immo Sells Office Building in Warsaw
CA Immobilien Anlagen AG sells Lipowy office building in Warsaw.
December 23, 2013
Major Changes in Viennese Property Market
After 2008, frame conditions in the Viennese residential property market have changed fundamentally. Four major trends were observable.
December 20, 2013
Buwog's Spin Off More Likely than IPO
Immofinanz plans on increasing the portfolio of its affiliate Buwog, which focuses on residential real estate, by acquiring a volume of 18,000 apartments in Northern Germany.
December 19, 2013
Immofinanz Increases Net Profit by More than 50 Percent
Immofinanz Group increases net profit by more than 50% – five-year sales programme nearly completed.
December 18, 2013
Austrian Real Estate Market: Prices Stagnate on a High Level
After the boom in the last years, the Austrian real estate market has lost momentum. Next year, the price level will not move up further.
December 17, 2013
CA Immo Sells Mercedes Headquarter
CA Immo sells the German heardquarters building for Mercedes-Benz in Berlin to Union Investment
December 17, 2013
MNB Replaces Hungarian Banking Industry
In order to push economic growth rates, Hungary´s National Bank continues to support the subsidized loan program. The support should help to boost the construction of real estate.
December 14, 2013
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
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
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
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
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