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Real Estate Industry
Bank Austria: Growth Potential for Real Estate in Romania and Bulgaria
Despite the signs of economic revival, Bulgaria and Romania markets are still largely being ignored by international investors, says Bank Austria.
November 29, 2010
S Immo Records Profits Again
Vienna-based Sparkassen Immobilien AG records a successful operating performance in the first three quarters of 2010 after the weak year 2009.
November 25, 2010
CA Immo Returns Back to Black
CA Immo presents its Q3 Results: strong increase in EBIT to € 134.6m (2009: € -6.1m), net income grew to € 13.5m (2009: € -78.3m).
November 25, 2010
Conwert Announces Q1-Q3 2010 Results
The Vienna-based real estate company records a good business development and a significant increase in earnings.
November 24, 2010
ECO Business-Immobilien AG Announces Q1-Q3 2010 Results
Vienna-based ECO Business-Immobilien AG records a fivefold increase in Group EBIT to € 25.0 m for the first three quarters of 2010.
November 23, 2010
Meinl Bank Sues Atrium for € 1.2 billion
After Atrium instituted proceedings for damages against Meinl Bank before the High Court of Justice in London, Meinl Bank responded with a countersuit.
November 23, 2010
Warimpex Announces Results of Q1-Q3 2010
Upward trend continues in the third quarter of 2010: Sales up by 21 percent.
November 17, 2010
Immofinanz Expands into the Czech Republic and Slovakia
Immofinanz established a new retail concept: STOP.SHOP. has grown in both importance and size in recent years. The Czech Republic and Slovakia are the most important countries.
November 11, 2010
Sharp decline in Creation of New Foundations
In particular, legal uncertainty and abolished tax advantages cause the creation of fewer foundations in Austria.
November 10, 2010
Construction Costs: Continuous Upward Trend
Just as previously, construction prices continue rising in Austria. There is no end in sight for the upwards trend.
November 10, 2010
Immofinanz Starts Share Repurchase Program
Immofinanz buys back shares to refinance its convertible bonds. The program´s volume is estimated to € 137m.
November 9, 2010
Inheritances: A Trillion in the Next 30 Years
The next generation will inherit assets of 80,000 euro per capita.
November 5, 2010
Difficulties in the Vienna Real Estate Market
While there is a strong demand, there are few offers for investment properties in Vienna. The market turnover drops dramatically.
November 4, 2010
Real Estate Sales: Tax Evasion is Probably Tilted
So far, the property transfer tax has been avoided by a relatively simple construct. The Finance Senate wants to close this legal gap now.
November 3, 2010
New Retail Project in Constanta for Immofinanz
A new center located in Constanta, Romania, offering international tenants business opportunities in 130 retail units, will be opened in 2011.
October 30, 2010
HYPO Group: Further Liabilities Necessary?
The Carinthian HYPO Group would suffer massive losses should it sell its real estate in the Balkans. Due to the write-offs, new liabilities of the Republic might be required.
October 25, 2010
Réné Benko Has already Invested 700 Million Euro This Year
The Tyrolean invests as heavily as before in Vienna and Innsbruck real estate. As to Eastern Europe, he expresses cautious optimism.
October 19, 2010
Low-Cost Gas Stations on Unused ÖBB Property
The Austrian Federal Railways (ÖBB) have signed a framework contract with Markus Friesacher for up to 35 low-cost gas stations on dormant property.
October 19, 2010
Real Estate Market for Logistics Objects is Booming
In the vicinity of the Airport Vienna, a new logistics cluster arises.
October 19, 2010
Réné Benko Looking for Tenants
The building of a new luxury shopping street in Vienna has begun. The tenants are still missing. If these are not found soon, the project threatens to fail.
October 15, 2010
Property Tax is Not Unconstitutional
Property tax is constitutionally unobjectionable; concerns about unit values for calculation of income tax for foundations are however maintained for now.
October 15, 2010
Immofinanz: Positive Signs Again
At exactly 12:53 pm on Thursday, an order for 926 shares allowed the Immofinanz stock to fight its way back to the zero-line. Investors hope that the worst is over by now.
September 30, 2010
Austrian Real Estate: Increased supply of 339%
Office space supply is on rise, but demand is lagging behind. Prime rents and yields went down y/y.
September 27, 2010
CEE Real Estate: Outlook is brightening
CEE real estate stocks are currently in a phase of brisk corporate action. Financially sound companies with attractive assets are interesting takeover targets, while other companies are being taken over.
September 27, 2010
Immofinanz: Net Income Decreases by 57%
Immofinanz AG showed half as much profit in the first quarter after its merger, as a lasting non-recurring effect from the first quarter. Earnings per share diluted after the merger with Immoeast.
September 27, 2010
CA Immo International completes first phase of DIY store OBI in Romania
Construction phase one of the retail development project in Sibiu has been concluded - DIY store OBI opens with 9,700 sqm of usable space.
September 2, 2010
Raiffeisen Evolution shifting back
The real estate developer Raiffeisen evolution (RE) was significantly affected by the uncertainty in the property markets in 2009.
August 26, 2010
Eco Business back in black
The listed Eco Business Immobilien AG registers positive numbers in the first half of the year.
August 24, 2010
Strabag sells joint venture share to Sberbank
Strabag sold its 49 percent share of the housing-development joint venture to the Russian Sberbank.
August 23, 2010
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