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Conwert in Talks to Purchase BGP Investment's German Properties
Conwert Immobilien Invest SE currently is in exclusive discussions with BGP Holdings Europe S.à.r.l. with respect to the potential acquisition of the German residential property assets of BGP Investment S.à.r.l., an subsidiary of BGP Holdings Europe S.à.r.l.
July 22, 2015
Niki Lauda Acquires Stakes in Benko's Real Estate Firms
The private foundation of former Formula 1 driver Niki Lauda will acquire 1% of Signa Prime and a 10% stake in Signa Retail.
July 17, 2015
Immofinanz Files Lawsuit Against CA Immo
Immofinanz CEO Eduard Zehetner fulfilled his threat that the company would file a lawsuit against CA Immo and its subsidiary PHI. The complaint was filed with the commercial court in Vienna last Thursday, news magazine ‘profil’ reports in its Monday issue.
April 13, 2015
Athos Real Estate Switched to Vienna Stock Exchange Mid Market
Athos Immobilien AG joined the mid market exchange segment of Vienna Stock Exchange, which is supposed to offer greater flexibility. Apart from Athos Immobilien AG, the mid market currently lists ten further companies.
April 3, 2015
Strabag Builds Two Czech Motorways for € 24 Mln
Strabag a.s., the Czech subsidiary of Austrian-based publicly listed technology group Strabag SE, has been awarded two new motorway contracts in the Czech Republic as part of a consortium with Eurovia CS. The company will build two sections of the D3 motorway (see image) linking Prague with southern Bohemia.
March 9, 2015
Russian Investor Boris Mints to Launch Tender Offer for 10 Pct of CA Immo Shares
O1 Group Limited of Russian investor Boris Mints has made a voluntary partial public takeover offer of 10% of additional CA Immo shares. The offer comprises the purchase of up to 9,735,276 non-par value bearer shares of CA Immo (ISIN AT0000641352), which are admitted to the Official Market on the Vienna Stock Exchange.
November 28, 2014
Strabag Extends Container Port in Mauritius for € 90 Mln
Strabag is extending and strengthening the container harbour at Port Louis, Mauritius, together with its partner Archirodon Construction (Overseas) Co. SA. The project has a volume of about € 90 million (USD 115 million), of which Strabag holds 50 %, and is to be completed in slightly over two years.
November 20, 2014
Signa Buys Karstadt for €1
Austria's Signa Holding takes over struggling German department store chain Karstadt. Signa acquires a 100 per cent stake in Karstadt Warenhaus GmbH from Berggruen Holdings. Berggruen Holdings is going to withdraw from Karstadt Warenhaus GmbH, Karstadt Premium and Karstadt Sports as well as from from each property. The deal ends weeks of speculation over the company's future after the CEO left in July. Rene Benko will pay just €1 for the department store chain. Karstadt operates more than 80 stores across Germany and employs more than 17.000 people.
August 15, 2014
Immofinanz: Net Profit for 2013/14 at EUR 180 Mln, Property Sales Top EUR 1 Bln
Immofinanz Group announces net profit totalling EUR 180.4 million for 2013/14, for a year-on-year increase of 62.8%. Rental income was lower as a result of the extensive, planned property sales. The delayed completion of the GOODZONE shopping center in Moscow prevented the full recovery of this decline during the past year. Rental income amounted to EUR 506.7 million (-7.2%) and results of operations totalled EUR 319.2 million (-19.5%). In like-for-like comparison (i.e. after an adjustment for new acquisitions, completions and sales), rental income was generally stable (-1.3% to EUR 472.7 million). Property sales set a new record at roughly EUR 1 billion.
August 4, 2014
Bank Austria Takes Over Immobilien Holding from Immobilien Privatstiftung
UniCredit Bank Austria AG intends to buy Immobilien Holding GmbH/Group, which has so far been wholly owned by Immobilien Privatstiftung. The purchase agreement has been signed today, subject to consent by the Bank Austria supervisory board and subject to approval by the Austrian competition authorities. The purchase price will not be disclosed.
July 25, 2014
BUWOG Closes Acquisition of DGAG Portfolio
The BUWOG Group has closed its acquisition of approx. 18,000 units in Northwestern Germany after antitrust clearance by the German Cartel Office and completion of further conditions precedent according to schedule.
June 30, 2014
Billionaire Sheikh Al Jaber Sues Immoconsult and the Schwarzenberg Foundation
Due to a failed hotel project in Vienna real estate affiliate of Volksbank, Immoconsult, is facing a lawsuit by the Austrian/Saudi Arabian investor Mohamed Al Jaber.
May 21, 2014 · Updated: May 21, 2014; 18:51
S IMMO AG: Offer to Exchange S IMMO INVEST Participating Certificates to Open Tomorrow
Vienna based real-estate developing Company S Immo AG announces its offer to exchange S IMMO INVEST participating certificates for bonds.
May 20, 2014
Global Real Estate & Economy Talks (GREET) in Vienna
GREET is short for “Global Real Estate & Economy Talks“. It is the platform for commercial property and investments in CEE and SEE, including Russia, Turkey and CIS.
May 19, 2014
Conwert Slips into the Reds
Austrian residential real estate enterprise is facing a hard time in Germany.
May 14, 2014
Austria: Calls for More Competence in Real Estate Management Become Louder
Stock Exchange Guru Alexander Proschofsky and real estate expert Peter Hohlbein are fighting for a seat at Conwert’s administrative board. Proschofsky has been criticizing the strategy of the listed Austrian real estate company.
May 5, 2014
Immofinanz: Changes at Executive Board
Immofinanz – Dietmar Reindl appointed to the Executive Board
April 30, 2014
Real Estate: Buwog Shares Taking Off
The highly anticipated primary listing of residential real estate affiliate of listed Immofinanz, Buwog, will be completed on Monday.
April 28, 2014
Buwog Soon to be Listed at Three Stock Exchanges
Immofinanz‘ residential real estate affiliate Buwog will celebrate its IPO at the stock exchanges in Frankfurt and Vienna on Monday, April 28 and in Warsaw on Tuesday, April 29.
April 24, 2014
Vienna Real Estate Market Hopelessly Overstrained?
Real estate trustees in Vienna demand a limit to state-subsidized apartments and call for “unrestricted” rents.
April 23, 2014
Romania: Huge Increase in Commercial Real Estate Investments
Investments in commercial real estates rose by 256 percent year-on-year in Romania. However, investments in CEE declined.
April 18, 2014
Discrepancies on Austrian Real Estate Market
Because of the high rents the city of Vienna intends to do away with location premiums. Listed real estate company Conwert announced raising its rents by May 1.
April 18, 2014
Immofinanz: Ownership Problems in Romania
According to a court decision Immofinanz has took over not legitimately acquired property in Transsylvania.
April 17, 2014
Conwert to Leave Germany?
A consortium of investors is highly interested in the German subsidiary of the Austrian real estate group. The consortium is led by conwert´s former board director Johannes Meran.
April 16, 2014
Massive Dispute at Conwert
The Austrian real estate group faces troubles: representatives of small shareholders want to join the administrative council. Major shareholder Hans Peter Haselsteiner wants to dispatch his own representatives.
April 15, 2014
Vienna: Luxury Real Estate Segment Booms
In contrast to the general trend in Austria, the properties in Vienna become more and more expensive. About 25% of the apartments cost more than € 500,000.
April 15, 2014
Austria: Immofinanz to Remain in ATX Five
As announced on 4 March 2014, the ATX committee discussed about the future membership of Immofinanz AG in the ATX five.
April 10, 2014
S IMMO AG: Letting success in Sofia
The first quarter of 2014 brought encouraging successes in letting for S IMMO AG in Sofia, one of the company’s most challenging markets.
April 9, 2014
Hypo Group: Heavy Burden for Austrian Fiscal Position
The Austrian National Bank, however, expects the structural medium-term budgetary objectives to be achievable.
April 7, 2014
Wealthy Investing in Real Estates in Vienna
Vienna is considered a “safe haven” for real estate investments. In particular, luxury homes, such as the Palais Principe for instance, are more than attractive for wealthy investors.
April 4, 2014
Massive Tensions in Vienna´s Residential Property Market
In Austrian capital, rents are increasing unstoppably. Demand is still much bigger than supply.
March 31, 2014
Slovenia: Danger of Tax Increase
Because of the failed introduction of the property tax Finance Minister Uros Cufer suggested an inrease in VAT to compensate for the losses in revenue.
March 31, 2014
Slovenia: Controversial Property Tax Fails
The Slovenian Constitutional Court has rejected the controversial property tax suggested by the government. This will jeopardize this year’s budget.
March 28, 2014
Slovenia: Chaos around Real Estate Tax Continues
On Thursday the Slovenian National Assembley will pass amendments to the highly debated real estate tax.
March 27, 2014
Real Estate in Vienna: Offer Does Not Catch up Demand
There is a growing trend towards population increase as well as small households in Vienna.
March 25, 2014
Poland: Number of Real Estate Loans Drops
The portfolio of real estate loans of Polish households declined in February, according to a report by the National Bank of Poland (NBP).
March 25, 2014
Slovenia: Considerably Fewer Building Permits Issued
Almost a quarter fewer building permits were issued in January in Slovenia.
March 21, 2014
Slovenia: Government Confirms Tax for Residential Property
The government has confirmed the changes adopted for the introduction of the real estate tax.
March 20, 2014
Conwert Achieves Turnaround
The Austrian real estate group returns to the profit zone. Last year, net income totaled € 49m.
March 19, 2014
Immofinanz: Substantial Increase in Profits
In the first nine months of 2013/14, the Vienna-listed group registered an increase in net income by 7.1%. For the time being, Immofinanz is not affected by the Crimea crisis.
March 19, 2014
Slovenia: Confusion over Real Estate Tax
The deadline for real estate owners to prepare for the new real estate tax has been extended by a month.
March 19, 2014
CA Immo: Considerable Drop in Net Income
Financial results 2013: CA Immo achieves record operating result. Balance sheet strengthened, Net Asset Value up 6%.
March 19, 2014
VBAG: Romanian Affiliate Sells Bad Loan Portfolio
The ailing affiliate of Austrian partly nationalized VBAG will sell its non-performing loans on a large scale.
March 18, 2014
Immofinanz: Buwog’s Spin-Off Approved
In an extraordinary shareholder meeting, the spin-off of residential real estate affiliate of Immofinanz was approved by the shareholders.
March 14, 2014
Austria: Hypo Group Disaster with Exorbitant Costs
The extent of the disaster of Austrian problem bank Hypo Group Alpe Adria only starts to unfold bit by bit. A further capital injection of € 750m is needed only for the ailing bank to complete its balance sheets.
March 11, 2014
Austria: Looming Real Estate Bubble in Vienna
While the official opinion is that there are dangerous price tendencies, some experts warn of the danger of a real estate bubble in the Austrian capital.
March 11, 2014
Austria: Prices for Luxury Real Estates Soaring
The prices for luxury real estates in Austria continue to increase.
March 10, 2014
Slovenia: Government Envisages Reform Measures
After the EU Commission delivered a warning to Slovenia over the macroeconomic imbalances Prime Minister Alenka Bratusek announced yesterday she had expected such a report.
March 7, 2014
Serbia: Share of NPL Increases Dramatically
The share of bad loans in Serbia has increased to 21.3 percent.
March 6, 2014
Austrian Real Estate Market Shrinks
In terms of transactions, the Austrian real estate market shrank by 12.5% last year. Nevertheless, the price level has reached new records.
March 6, 2014
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