ARTICLES LABELLED WITH TAG Austria

Investika Real Estate Fund has entered the Austrian real estate market by acquiring a light industrial and office asset with an interesting sustainability profile near Vienna Airport. 

CPI Europe has announced the sale of several properties in Vienna and Prague as part of a strategic portfolio optimization initiative.

iO Partners and Miebach Consulting have formed a new partnership to deliver enhanced real estate and supply chain solutions across CEE.

iO Partners has announced its expansion into Austria through a partnership with Optin, a real estate consultancy specialising in commercial, residential and investments.

Immofinanz Group has announced the completion of the minority shareholders of S Immo, at a price of €22.05 per share, as of December 3. 

Immofinanz Group is acquiring a further 28,241,094 shares in S Immo from its core shareholder CPI Property Group, thus increasing its stake in S Immo to around 89%.

Property group CA Immo has appointed Vojtech Ozorovsky as Head of Asset Management for Austria and CEE. He joined the company in 2020 as Senior Asset Manager.

The Supervisory Board of Immofinanz has approved the commencement of preparations for a squeeze-out of S Immo in accordance with the Austrian Squeeze-out Act. In the course of the squeeze-out, shares in S Immo held by minority shareholders shall be transferred to Immofinanz as the main shareholder in exchange for appropriate cash compensation.

Cushman & Wakefield has signed an exclusive affiliate agreement with CBS International to deliver commercial property services in Austria. The affiliate agreement builds upon an existing successful relationship between the two firms, with CBS International having been Cushman & Wakefield’s affiliate in Serbia and Montenegro since 2018 and Croatia since 2019.

CA Immo has reported a solid operating performance for the 2023 business year. The results show, among other things, a significant increase in rental income (+8%) and high income from the sale of non-strategic properties (sales result of €179 million, FFO II +102%), which led to an increase in the operating result (EBITDA) of 115% compared to the previous year´s figure. Although the company had to record a market-driven non-cash revaluation loss of €532 million in 2023, the EBITDA of €322 million offsets a large part of the full-year revaluation loss, resulting in a consolidated net income of €–224.5 million for financial year 2023.