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Real Estate Industry
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
CA Immo Continues Sales in Berlin
The planned liquidation of land reserves in Berlin by the Austrian property company CA Immo is gathering pace.
July 20, 2012
Slovenian Banking Industry „One of the most Burdened in CEE Region“
About 11.5% of total loans are non-performing. Slovenia is one of the few countries suffering a crunch, RCB states.
July 18, 2012
Erste Group Enters Bulgarian Property Market
Todor Alexandrov Offices in Sofia developed by Erste Group Immorent AG are ready for occupation.
July 18, 2012
CA Immo: Success in Berlin and Munich
The Austrian real estate company has sold extensive land reserves in Berlin and has concluded further rental contracts in Munich for the Skygarden office building.
July 16, 2012
Immofinanz: Substantial Success in Hungary
The Szépvölgyi Business Park in Budapest, an Immofinanz Group office property, will soon become the corporate headquarters for a further international company.
July 11, 2012
Austrian Business Property Market Under Pressure.
In the Viennese office property market, new lettings remain subdued. Regarding the shopping centre market, old and less attractive models under pressure.
July 7, 2012
Austria (still) Offers Good and Affordable Residential Housing
Living space per capita and the quality of the residential housing stock in Austria has undoubtedly improved in the past few decades.
July 7, 2012
Austrian Real Estate Market Shows Stability
The Austrian real estate market is a small, stable market with income returns of 5 percent in the last eight years. Real estate investors focus on core properties resistant to the crisis, leaving some market opportunities untapped.
July 6, 2012
New Board Member at CA Immo
The supervisory board of the Austrian real estate company decided changes on the board of CA Immo. Florian Nowotny succeeds Wolfhard Fromwald.
June 30, 2012
Real Estate Crisis in the Balkans Has Deepened
Due to the economic crisis in Southeastern Europe, real estate prices are still falling. Since 2008, prices fell by up to 50%.
June 28, 2012
Immofinanz Expands into Netherlands
With the acquisition of a property in the Dutch city of Den Bosch during mid-June, the Austrian real estate Group has further expanded its self-storage portfolio.
June 26, 2012
VIG to Invest in CEE Real Estate
The Vienna Insurance Group intends to invest more in real estate. „Central and Estern Europe is more interesting for us.“ CEO Peter Hagen says.
June 20, 2012
Conwert ´s Corporate Bonds Generate Strong Demand
Subscription period closed early – first retail bond from the Austrian real estate company in the amount of € 65m enjoys strong demand.
June 16, 2012
Bank Austria Sells Headquarters
The highest-bidder procedure is to lead to a sale of the property by the end of 2012. Bank Austria will retain its property until the new headquarters has been completed.
June 15, 2012
Success for CA Immo in Frankfurt
The Austrian real estate company CA Immo has concluded another lease for approximately 1,350 m2 (14,531 ft2) of office space in Frankfurt’s Tower 185.
June 15, 2012
Conwert: Corporate Bond Successfully Placed
The Austrian real estate company issues a retail bond with a term of five years until 2017. The total volume oft he bond issue is € 65m.
June 13, 2012
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
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