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Real Estate Industry

Immofinanz Bond with Interest Rate of 5.25 %

The Austrian real estate group Immofinanz announced that today marks the official start of a road show in connection with the placement of a new corporate bond.

June 13, 2012

Immofinanz Strengthens Presence in Poland

The Austrian real estate group realises first own residential development project in Poland.

June 6, 2012

B&C Industrieholding to Sell Major Stake in Porr

The Bank Austria-owned B&C Industrieholding is said to sell ist 37% stake in the Austrian construction group. CEO Karl-Heinz Strauss may be a potential buyer.

June 5, 2012

Conwert to sell € 50m of Bonds

The Austrian real estate company conwert Immobilien plans to sell € 50m of 5.75 percent bonds due in 2017.

June 1, 2012

„Something Is Wrong in Austria“

According to the Austrian Chamber of Labor, Austrian workers have to bear the highest burden of the crisis. The contribution of great fortunes would be insufficient.

May 30, 2012

Persistent Boom in Austrian Real Estate Prices

On average, property and apartment prices were up by 6% last year. This is substantially above the inflation rate.

May 30, 2012

CA Immo Leases Major Office to ORF

The Austrian broadcaster ORF will take up residence at a major office building developed by the Vienna-listed real estate company CA Immo.

May 30, 2012

S Immo: Eurocenter in Zagreb Fully Let

The Austrian real estate company S Immo has gained another internationally renowned tenant – Zagrebačka Banka d.d. – for its Eurocenter office building in Zagreb. Thus it is now fully let.

May 30, 2012

S Immo Does Not Plan Investments

The Austrian real estate company regards the current framework conditions as not suitable for investing in new projects. S Immo plans more sales, by contrast.

May 29, 2012

Conwert Records Declining Earnings

The Austrian real estate company presented its first quarter results today. Net rental income was down by 13.3%

May 29, 2012

Erste Group: Poland and Ukraine Benefit from Euro 2012

EURO 2012 investments helped to boost investments in both countries. € 30.2bn invested whereof approx. 90% spent on infrastructure in Poland & Ukraine.

May 26, 2012

Conwert: Decline in Earnings Expected

Analysts of Erste Group and RCB (Raiffeisen Centrobank) predice a decrease in net income and rental income at the Austrian real estate company.

May 26, 2012

Immofinanz Expands in Germany

The Austrian real estate group launches first internal development project in Germany with construction project at Düsseldorf Airport.

May 24, 2012

Warimpex Improved Sales and Profit

Warimpex reported Q1 figures today. Due to the good performance in Poland, Russia and the Czech republic, revenues soared by 18%.

May 24, 2012

Only 10% of Austrians Want to Invest in Securities

The confidence in equity markets is damaged. 62% expect the highest returns from gold and real estate. Only one out of ten Austrians are willing to buy securities.

May 24, 2012

S Immo: Slight Decrease in Revenues and Earnings

The Austrian real estate company recorded a small rise in net income. A dividend of € 0.10 per share will be proposed.

May 23, 2012

Mixed Results at CA Immo

The Austrian real estate company records a rental income of € 72.4 m (+13%). EBIT fell by 17%, net income rose by 70%.

May 22, 2012

CA Immo: Rise in Rental Income Expected

Tomorrow, the Austrian real estate company presents its results for the first quarter of 2012. Analysts predict a rise in revenues and earnings.

May 21, 2012

Immofinanz: Takeover of Rostokino in Moscow Finalised

Following the approval by the Russian antitrust authorities, the purchase of the remaining 50% of the Golden Babylon Rostokino shopping center by Immofinanz Group was finalised on 16 May.

May 21, 2012

Savings Books More Popular than Building Saving

After the cut in the bonus for building savings, savings books are more popular again in Austria.

May 14, 2012

Atrium: Increased Profitability

Net rental income of the Vienna-listed real estate group was up by 17.4%. EBITDA rose by 48.6% to € 38.0m.

May 11, 2012

Immofinanz Continues Sales in Austria

The Austrian real estate group continues its “portfolio optimization program”.

May 8, 2012

Immofinanz Expands Investor Base

In order to gain U.S. investors, the Austrian real estate company started an American Depositary Receipt program.

May 4, 2012

CA Immo Focuses on Berlin

The Austrian real estate group sees high demand and low supply in the German capital´s property market. In 2012, investment volume reached € 245m in Frankfurt and Berlin.

May 2, 2012

BIG Raised Revenues and Profits

The publicly owned Austrian Federal Real Estate Company (BIG) raised its revenues by 3.3% to € 818.9m.

May 1, 2012

Conwert: Haselsteiner Holds 24%

The Austrian industrialist intends to raise his stake in the real estate company further.

April 27, 2012

CA Immo Expands in Munich

The Austrian real estate company has a new tenant in office building in Munich's Arnulfpark.

April 27, 2012

Conwert Establishes Joint Venture in Germany

The Austrian real estate company expands in Germany. Sales volume of the construction project in Bamberg is estimated to reach € 100m.

April 27, 2012

Immofinanz Group Acquires Office Development Project in Düsseldorf

The Austrian Group announces the acquisition of the remaining 50% stake in the Panta Rhei, a planned office development project in Düsseldorf, from the co-owner Frankonia Group.

April 26, 2012

Considerable Rise in Profit at S Immo

Consolidated net income at the Austrian real estate company was up from € 2.1m to € 21.2m. EBITDA was up by 42.0%.

April 20, 2012

Losses at ECO Business Immobilien

The Austrian real estate company recorded losses of 12m in 2011. The year before, ECO Business still showed profits.

April 17, 2012

Erste Group Sells Property

The Austrian banking group shifts its headquarters to the new Vienna main station in three years. The property sales are essential due to equity restrictions by EBA.

April 13, 2012

Major Loan to Immofinanz by Russian Sberbank

The Austrian real estate company Immofinanz Group and the Russian Sberbank have concluded a long-term financing agreement with a volume of up to $ 715m.

April 11, 2012

Warimpex Achieved Turnaround

The Austrian real estate enterprise reported figures today. Sales rose by 11%.

April 3, 2012

s Immo Welcomes City of Vienna as New Tenant

Arkade Meidling looks back at a successful 2011, in which both sales and frequency were increased. Now, the Austrian real estate company won the City of Vienna as new tenant.

April 3, 2012

Strong Growth of Austrian Leasing Market

Last year, Austrian leasing business recorded a 10.3% market growth. 183,111 new contracts were concluded.

March 31, 2012

Massive Increase in Revenues at Conwert

Revenues at the Austrian real estate company increase by 55.9 % to € 852.9m. Net income almost doubled.

March 28, 2012

Poland Remains Attractive for Real Estate Investors

In its country report, Bank Austria sees Poland still as an interesting real estate market. Nevertheless, prime yields are declining already.

March 28, 2012

Increase in Profits at Immofinanz

The Austrian real estate Group continued the positive trend recorded in recent quarters during the third quarter of the 2011/12 financial year. Profits were up by 17.5%.

March 26, 2012

Conwert: Haselsteiner Wants Blocking Minority

The Austrian industrialist, who is CEO of Strabag Group, wants to reach at least a 25% stake at the real estate company. Petrus Advisers is said to exit.

March 23, 2012

Immofinanz: Analysts Expect Strong Earnings Growth

According to market expectations, the Austrian real estate company may achieve a 30% increase in EBITDA.

March 22, 2012

S Immo: Increase in Rental Income of 21.1%

The Austrian real estate company announces an EBIT increase of 52.4%. Consolidated net income for year rose from € 2.1m to € 21.3m.

March 21, 2012

Austrian Real Estate Market is “Sold Out”

The boom of Austrian property prices does not end. Prices for one-family houses were up by 6.4% on average.

March 20, 2012

Atrium Considers Secondary Listing on the Warsaw Exchange

The Vienna-listed, Jersey-based real estate company reviews a secondary listing at Warsaw Stock Exchange.

March 16, 2012

Atrium Continues Strong Performance

The Vienna-listed Atrium European Real Estate Limited could improve rental income as well as profits substantially. Operating profits were up by 46.5%.

March 16, 2012

Lack in Low-Cost Apartments

In the near future, the Austrian real estate market threatens to show a drastic lack in low-cost apartments. Financing of real estate becomes more expensive.

March 15, 2012

CA Immo Pays Dividends for the First Time

The Austrian real estate company reported figures for 2011 today. The first-time consolidation of Europolis and successful sales lead to an increase in earnings. Profits were up by 38%.

March 14, 2012

Haselsteiner Buys 15% Stake in Conwert

Hans-Peter Haselsteiner, CEO of the Austrian construction company Strabag, buys a 15% stake in the Austrian real estate supplier Conwert. The seller is the London-based Petrus Advisers LLP.

March 14, 2012

ATX: Upgrade of Immofinanz

The Austrian real estate company was included into the ATX top five. CEO Eduard Zehetner: 'This should have a positive effect on the share development'.

March 7, 2012

Viennese Office Market: Collapse Threatens

Although office rents are relatively low in Austria´s capital, multinational companies tend to establish their headquarters elsewhere. Real estate experts fear a vicious circle.

March 5, 2012
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