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Real Estate Industry
CA Immo: Gazprom New Tenant
ZAO AVIELEN A.G., a joint venture of the Austrian real estate companies Warimpex, CA Immo and UBM, is renting two thirds of its office space at AirportCity St. Petersburg to Gazprom Invest Zapad, a subsidiary of OAO Gazprom.
December 13, 2012
CA Immo: New Tenants in Hungary
CA Immo was able to acquire new tenants for some 9,300 sqm office space in five Hungarian office properties over the past six months.
December 10, 2012
Immofinanz: New Major Project in Germany
With the Casa Stupenda, a pioneering plus-energy house is under construction in Duesseldorf’s MediaHarbor. The outstanding construction costs total approx. € 100m, and completion is scheduled for 2015.
December 6, 2012
Immofinanz: Major Contract in Budapest
Immofinanz Group announces extension of three leases covering 18,000 sqm at Atrium Park in Budapest.
December 4, 2012
CA Immo: Major Leasing Agreement in Bulgaria
Together with its joint venture partners Robul and Bank Austria Real Invest, CA Immo has already signed new lease agreements for around 17,600 sqm of space in the Megapark office complex this year.
December 3, 2012
Conwert Notes Falling Revenue and Net Income
The Austrian real estate company publishes results for the first nine months of 2012. Earnings before tax (EBT) at 22.5m increased more than sixfold.
November 22, 2012
Real Estate Market: Austria Is Underdeveloped
Regarding the rate of owner-occupied flats, Austria is below the EU average. Poland ranks first.
November 21, 2012
CA Immo: Mixed Results
Consolidated net income after minorities increased by 27% to € 39.0 m in the first nine months of 2012. EBIT was down by 11.8%.
November 20, 2012
Vienna: Property Market Still Booming
On average, prices for new apartments rose by 9.7% from October 2011 to October 2012.
November 19, 2012
CA Immo: New Major Tenant in Vienna
The Austrian real estate supplier lets 21,500 sqm of Viennese office building to Bosch
November 16, 2012
Immofinanz: Major Success in Hungary
The Austrian real estate company concludes one of the biggest logistics leasing transactions of the year in Hungary.
November 15, 2012
CA Immo Expands in Warsaw
“Continuing success for largest Polish property development.” The Austrian property company will complete project before the end of the year.
November 14, 2012
New Record for Bilateral Trade Between Poland and Austria
Christoph Leitl, President of the Austrian Chamber of Commerce underlines the close and friendly relationships between Poland and Austria.
November 8, 2012
CA Immo Secures Major Project in Romania
Lease agreements have been extended for over 14,000 sqm in two Bucharest office buildings. International anchor tenants are ensuring an almost 100 % occupancy rate in the CA Immo Romanian portfolio.
October 30, 2012
CA Immo´s Occupancy Rate in Prague at 90%
The Austrian real estate company CA Immo has managed to secure further tenants for four office buildings and a shopping center in Prague.
October 25, 2012
Immofinanz to Increase Dividends
Eduard Zehetner, CEO of Immofinanz does not exclude to increase dividends to € 0.2 per share.
October 19, 2012
CA Immo to Downsize
Florian Nowotny, CFO of the Austrian real estate company announces further property sales.
October 19, 2012
CA Immo: Start of New Project in Düsseldorf
Having sold extensive plots of land with approval for residential development, CA Immo is now constructing the first office building in the new quarter.
October 16, 2012
Immofinanz Shows Progress in Romania
The wholly owned Immofinanz Group subsidiary Adama announces the start of construction on the second phase of two of its existing projects.
October 16, 2012
Hungary Wants Foreign Land Owners to Leave
The Hungarian Prime Minister Viktor Orban wants to bring back “stolen land”.
October 15, 2012
Hungary Not A focus of commercial Real Estate Investors
The risk appetite of real estate investors is still subdued. Hungary’s default risk remains relatively high.
October 9, 2012
Boom in Viennese Real Estate Market Persists
According to the real estate service supplier findmyhome.at, the price increase in the residential housing segment and the rental market goes on.
October 8, 2012
Hungarian Retail Sector Struggling on Several Fronts
The recession in Hungary is also affecting the Hungarian retail sector. A weak labour market combined with declining purchasing power is dampening consumer spending, a development which is reflected in weak retail sales.
October 8, 2012
Hungary: Residential Housing Market at a Standstill
According to Bank Austria, the Hungarian housing market has reached a historic low.
October 8, 2012
Hungary: Vacancy Rates in Office Market Remain High
Despite record low in new building activity, the Hungarian office market proves stable.
October 6, 2012
Immofinanz Announces Dividend of € 0.15 Per Share
The annual general meeting of the Austrian real estate company resolved to increase the dividend from € 0.10 to € 0.15 per share.
October 5, 2012
Immofinanz Builds Next Shopping Center in Poland
The Austrain real estate group starts retail development project in Poland. Investments total € 115m.
October 2, 2012
Immofinanz Group: Silesia City Center Ranks among the top Shopping Centers in Poland
On 19 September 2012 the Polish Association of Retail Tenants and GfK Polonia Institut published a new ranking of Polish shopping centers. The Silesia City Center was rated first.
September 28, 2012
Austria Faces Growing Demand in Living Space
In the next 25 years, Austria needs 10% more apartments. However, building land becomes more and more scarce.
September 25, 2012
Immofinanz: Earnings Up, Net Income Down
In the first quarter of 2012/13, the Austrian real estate company recorded an increase in rental income by 14.2%. EBIT soared by 31.1%. Net income declined by 67.5%.
September 25, 2012
Immofinanz Announces Massive Share Repurchase Program
The executive board of IMMOFINANZ AG has resolved to carry out a repurchase programme of treasury shares based on the authorisation by the 18th ordinary sharehold-ers’ meeting of 28 September 2011.
September 24, 2012
CA Immo Completes Mercedes-Benz Sales Headquarters in Berlin
The last concrete was laid on the roof today. The foundation stone was only laid in November 2011 and the building is set to be completed by mid 2013.
September 11, 2012
Immofinanz: New Project in Cologne
The Austrian real estate group dissolved its joint venture with Frankonia Eurobau and took over the Gerling Quarter in Cologne.
September 6, 2012
Conwert Buys Back Convertible Bonds
Result of tender offer for convertible bonds due2014.
September 6, 2012
conwert Issues New Convertible Bonds
conwert Immobilien Invest SE , a company listed on the Vienna Stock Exchange, has initiated a two-step transaction with the aim of reducing its leverage and extending the maturity profile of its debt.
August 30, 2012
Real Estate Bubble in Austria?
The real estate prices are still increasing. Above all, in the urban regions of Austria the prices continue to rise.
August 29, 2012
conwert significantly increases earnings
In the first half of 2012, earnings before tax (EBT) increased by 45.2% to € 18.0m. Net income was up by 17.1% to € 9.6m.
August 23, 2012
S Immo: Higher Net Income Despite Lower Revenues
The Vienna listed S Immo AG today published its results for the first half year. Earnings remained stable. Due to lower financing costs, net income was up by 50%.
August 22, 2012
CA Immo Below Expectations
The Austrian real estate company achieved a 83 % increase of consolidated net income after minorities in the first half year of 2012. Rental income reached € 140.7m (+10 %).
August 21, 2012
Rising Profit for CA Immo Expected
The Austrian real estate company should record a rise in net income of 96%. EBIT should fall by 8%, however.
August 20, 2012
Immofinanz: Major Sale in Vienna
The Austrian real estate company announces proceeds of over € 33 million on apartment house sale in Vienna.
August 20, 2012
Atrium Records 37% Increase In Earnings
The Vienna-listed real estate company could improve rental income as well as earnings and net income.
August 17, 2012
Investments: Gold and Real Estate on the Rise
Compared to 2007, Austrian savers shift their assets towards gold and real estate. Investment funds and shares are less popular.
August 13, 2012
conwert takes over residential portfolio in Berlin
Residential property portfolio acquired at high two-digit million amount . Economies of scale possible through significant expansion of conwert’s portfolio in Berlin
August 9, 2012
Immofinanz to Double Sales
In three years, the Austrian property company aims to increase sales and re-investments to € 1.0bn from € 500m.
August 8, 2012
Immofinanz: Net Income Down, Earnings Up
The Austrian real estate group confirmed the positive operating trend set in recent quarters with the close of the 2011/12 financial year, which brought a slight 1.2% year-on-year increase in rental income.
August 6, 2012
Austrian Property Market Runs out of Steam
In Austria, the property market shows first tendencies of consolidation. The number of acquisitions was down in the first six months.
August 4, 2012
Immofinanz: Rise in Earnings Ahead
Next Monday, the Austrian real estate company will publish results for the financial year 2011/12. Net income should remain stable
August 3, 2012
Immofinanz: Rise in Operating Profit Expected
Analysts expect the Austrian property company to achieve a 58% increase in EBIT. EBT will be lower, Baader Bank says.
August 1, 2012
Decrease in Building Saving May Increase Rents
In Austria, the popularity of building saving declined in the first half year of 2012. In a few years, funds for the residential building market may be insufficient.
July 27, 2012
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