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Real Estate Industry
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
Immofinanz Group Develops Office Building in Prague
The Austrian real estate group makes an investment of 24.6m in the Czech Republic. The project will be finalized in 2013.
February 29, 2012
Immofinanz to Become a „Property Machine“
CEO Eduard Zehetner wants Immofinanz to become a full developer, operator and seller of top-real estate objects. The company should be transformed to a “property machine.”
February 25, 2012
Austrian Outlet Center Market is Saturated
The Eastern European factory outlet center market still has growth potential. Up to 100 new outlet centers are possible.
February 17, 2012
CA Immo: PwC Leased Additional Space in Frankfurt's Tower 185
Space leased of Frankfurt´s tower 185 increased to 75%. The consulting company leased another 2,800m2.
February 16, 2012
S Immo: PepsiCo Signs on As a Tenant in Bucharest
The Austrian real estate company gained another internationally renowned tenant for its Sun Offices building in Bucharest.
February 15, 2012
Major Sale at Immofinanz
The Austria real estate group sells an inner city palace in Vienna. The sale price reaches € 22m.
February 13, 2012
Rise in Rents Expected
The abandoned speculation term on Austrian real estate could lead to a sudden increase in rents.
February 11, 2012
Raiffeisen Builds Shopping Center in Bukarest
Raiffeisen Evolution develops “Floreasca City”, a shopping center project in the Romanian capital. Construction works began in January.
February 10, 2012
Major Offer for Vienna International Airport by Petrus Advisers
The London-based real estate company made a € 450m offer to VIA. However, the demanded property is not for sale.
February 8, 2012
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