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Real Estate Industry

CA Immo: Uniform Brand Appearance also in Germany

In the future, the Austrian real estate group’s German subsidiary Vivico Real Estate GmbH will operate under the brand "CA Immo".

June 20, 2011

Atrium and Meinl Bank Agree to Stop All Legal Proceedings

The American-Israeli real estate fund and the Austrian bank reached a settlement agreement on the dismissal of all claims between them.

June 17, 2011

Immofinanz Acquires Romanian Property Developer

The Austrian real estate company buys the remaining stake for € 42.43m in order to become sole shareholder of Bucharest-based Adama.

June 16, 2011

Immofinanz Acquires Office Property in Warsaw

The Austrian real estate company already held 51% of the property and is now becoming the sole shareholder. The transaction includes the sale of another object to a project partner.

June 10, 2011

Immofinanz Sells Funds for € 137m

The Austrian real estate group decided to sell its financial investments as it is focusing on its core business. 18 funds worth € 160m are still held by the company.

June 8, 2011

Immofinanz Considering Listing in Warsaw

The Austrian real estate group would be interested in a listing if red tape were reduced. It is currently looking for acquisition opportunities in Poland and Russia.

June 7, 2011

CA Immo Starts Work on Shopping Center in Frankfurt

The Austrian real estate group and its joint venture partner invest € 360m into the project. The opening will take place in fall 2013.

June 1, 2011

Immofinanz Sells Office and Retail Property in Vienna

The Austrian real estate group sold a property located at Simmeringer Hauptstraße in Vienna to HIH Global Invest GmbH for € 29.2m.

May 30, 2011

Warimpex: First-Quarter Loss Widens

The Austrian real estate company’s loss increased from € -0.7m to € -3.0m in the first quarter of 2011. EBIT fell from € 2.9m to € -0.3m.

May 27, 2011

CA Immo: Initial Consolidation of Europolis Prompts Sharp Rise in Earnings

The figures for the first quarter of 2011 show a strong rise in earnings following the inclusion of Europolis into the consolidated accounts of the Austrian real estate group.

May 25, 2011

CA Immo Sold Two Shopping Centers in the Czech Republic

The Austrian real estate group and a Czech investor agreed on the sale of two malls for an amount of € 96m.

May 24, 2011

Conwert Announces Strong Growth in Revenues in the First Quarter of 2011

The Vienna-based real estate company records a good business development and a 24% increase in EBIT.

May 20, 2011

Atrium: 50% Decline in Pre-Tax Profit

Despite a growing rental income, the real estate company’s profit before taxation decreased from € 46.3m to € 26.4m.

May 18, 2011

Declining Sales at UBM

The Austrian real estate company hat do report a decline in sales of 15%. However, profits rose slightly.

May 13, 2011

Strong Decline in Eco Business Sales and Earnings

The net result was positive with € 1.1m, but it fell in comparison with the same period of the previous year by 68%.

May 13, 2011

German IVG is also Active in Austria Now

IVG Immobilien AG (IVG), the largest German real estate fund company, acquired the Austrian Hypo Real Invest in January 2011, changing its name to IVG Austria AG, with headquarters in Vienna.

May 12, 2011

Immofinanz Closes Acquisition in Moscow

The Austrian real estate group takes over 100% of the GoodZone.

May 11, 2011

Atrium Strengthens Polish Portfolio

Atrium European Real Estate announces that it has completed the acquisition of the Promenada Shopping Centre (“Promenada”) in Warsaw, Poland for €171 m from Carpathian PLC.

May 9, 2011

Austria's Shopping Centers are Growing, but Not Getting More Productive

The productivity per area of the shopping centers in Austria shows a mixed picture according to a RegioPlan analysis.

May 6, 2011

Immofinanz takes over 100% of Zagreb’s Grand Centar

Immofinanz acquired the remaining 20% stake in the Grand Centar in Zagreb through its subsidiary Immoest Allegro. This stake was previously held by Generali Immobilien AG.

May 5, 2011

Immofinanz Strives for Presence in Russia

The Austrian real estate group plans to expand its activities further through the purchase of shopping centers in Moscow.

May 3, 2011

Vienna’s Real Estate Market is Booming

With the third quarter of 2010, the trend started to reverse for the Viennese real estate market. Property is booming again, rental real estate loses demand.

April 28, 2011

Zehetner Remains CEO at Immofinanz

The Supervisory Board of the Austrian real estate company extends Executive Board contracts for Eduard Zehetner and Daniel Riedl.

April 28, 2011

Al Jaber Intends to make further Investments in Austria

Despite massive criticism of business partners and rumoured illiquidity, the Saudi investor Mohammed Al Jaber wants to realize further investment projects.

April 26, 2011

Al Jaber in Distress

Saudi investor Mohamed Al Jaber has to fight on several fronts in Austria. Kneissl awaits restructuring, loans are due.

April 23, 2011

Warimpex to launch a Private Placement of Convertible Bonds

The Austrian real estate company intends to issue convertible bonds amounting to € 29.73m at the Warsaw Stock Exchange in order to "enhance financial flexibility".

April 20, 2011

Sparkassen Immobilien AG: Significant EBIT Improvement

The real estate group announced its annual results for 2010. EBIT for the year ended as at 31 December 2010 improved by more than € 110m to € 60.5m.

April 15, 2011

Immofinanz Opens Tenth Retail Park in Slovakia

STOP.SHOP., an Immofinanz Group umbrella brand for specialty shopping centres in Central Europe, continued its growth course with today’s opening of the tenth retail park in Slovakia.

April 15, 2011

Rising Real Estate Returns in Austria

Institutional investors could achieve an average total return of 5.9% (before tax and finance) in Austria in 2010 with directly held real estate.

April 15, 2011

Falkensteiner Builds in Serbia and Slovakia

The Austrian developer of tourism projects is expanding in the CEE region. The premium segment in the hotel industry is to be strengthened.

March 31, 2011

Immofinanz Announces Improvement in Results

The Austrian real estate company publishes its Q1-Q3 resuls for 2010/11. Revenues and net profits grew moderately.

March 31, 2011

ÖVAG Bundles Real Estate Activities

Austrian Volksbanken-AG (ÖVAG) bundles its real estate activities in the competence center "VB Real Estate Services”.

March 24, 2011 · Updated: March 24, 2011; 01:17

conwert Announces Augmenting Operating Results

conwert Immobilien Invest SE, listed on the Vienna Stock Exchange, reported a strong operating result in the financial year 2010. Dividends will be increased.

March 24, 2011

Higher Profits for UBM Despite Lower Production in 2010

Vienna Stock Exchange listed UBM Realitätenentwicklung AG achieved higher profits in 2010 despite lower production. Dividends are to be increased by 10%.

March 23, 2011

Eco Business Back in Black

The Austrian real estate company records a fivefold increase in Group EBIT to € 25.0 m for the first three quarters of 2010.

March 22, 2011

Vienna Reacts to Predicted Housing Shortage

Union and construction industry welcome the "housing offensive" of the city government.

March 17, 2011

Atrium Reaches Turnaround

The real estate company recorded positive net earnings in 2010. Profits amounted to € 111.06m.

March 12, 2011

Significant Rise in Earnings for CA Immo

The Austrian real estate group benefits from the clearly improving business climate, especially regarding the investment market for real estate.

March 10, 2011

Immofinanz: New Tenants for Romanian Procect

The Austrian real estate group wins attractive international brands as tenants of its Romanian Maritimo Shopping Center in Constanta.

March 9, 2011

Signa Holding Invests More than € 1.00bn

The Austrian real estate holding company conducted by Rene Benko intends to put strong effort into further growth.

March 7, 2011

Immofinanz: Bookbuilding for the New Convertible Issue Starts

The Austrian real estate company Immofinanz AG announced its intention to issue new convertible bonds due 2018.

March 4, 2011

Real Estate Companies Return to ATX

The compilation of the prime market of the Austrian traded index (ATX) changes: Immofinanz, CA Immo and Conwert will be part of the ATX by March 21.

March 4, 2011

Hypo Group: Losses up to € 1.3bn

The emergency-nationalized Hypo Group is deep in the red zone as the result of high provisions and value adjustments.

February 19, 2011

Real Estate Privatization: Proceeds up to € 1.5bn

According to a study, the Austrian government could generate around € 1.5bn from the partial privatization of its real estate company.

February 16, 2011

Bizarre Allegations of Meinl against Atrium

The ongoing conflict between the Austrian bank and the US-Israeli real estate fund shows new and unusual facets.

February 16, 2011

Productivity of Shopping Centers is Stagnating

A RegioPlan study shows that only 30 of 70 surveyed Austrian shopping centers have increased their productivity.

February 10, 2011

Austria Savers Remain Cautious

For 67% of Austrian savers, savings’ security is a priority. High yields only plays a role for about 10% .

February 5, 2011

Atrium Terminates Trust Agreements with Meinl

The US-American/Israeli fund Atrium terminates trust agreements with the Austrian Meinl Bank AG under the 2003 and 2005 bonds due to “important reasons”.

February 3, 2011

Atrium European Real Estate Announces Credit Rating Update

Atrium European Real Estate Limited a real estate company owned by Citigroup/Gazit, is placed on CreditWatch Negative.

February 2, 2011

Atrium: "Meinl Exploited its Position as a Trustee”

After the repayment of the convertible bond to the Austrian Meinl Bank, the real estate funds considers the calling as "blatant unlawfulness."

February 1, 2011