ARTICLES LABELLED WITH TAG Austria

08
May
2020

Austrian PMI sinks to record low

by Property Forum
UniCredit Bank Austria's Purchasing Managers' Index sink to a record low of 31.6 points in April. A strong rebound is expected from Q3 2020 after the easing of lockdown restrictions.
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05
May
2020

Czechs remain the most optimistic as forecasts are downgraded across CEE

by Ákos Budai
The ongoing COVID-19 outbreak seems to be having a severely negative impact on market sentiment across the CEE region, according to the latest RICS Commercial Property Monitor. Q1 2020 figures show that both rental and capital value expectations have been downgraded across the region with retail expected to see the sharpest decline and industrial proving to be the most resilient asset class.
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23
Apr
2020

Immofinanz appoints new CEO

by Property Forum
The Supervisory Board of Immofinanz resolved upon the appointment of Ronny Pecik as member of the Executive Board of the company for three years starting with 4 May 2020. Ronny Pecik will be Chief Executive Officer (CEO).
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22
Apr
2020

Immofinanz increases net profit by 62%

by Property Forum
Immofinanz published its results for the 2019 financial year. The clear improvement of 18.1% in rental income and 30.2% in FFO 1 from the standing investment business underscore the profitable growth of the portfolio to approximately €5.1 billion. Net profit rose by 61.9% to €352.1 million and goes hand in hand with a solid financial position: Cash and cash equivalents total €345.1 million. In order to strengthen this very good cash position, an unsecured revolving credit facility of €100 million was concluded at the end of March 2020.
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07
Apr
2020

CA Immo postpones Annual General Meeting to August

by Property Forum
In view of the COVID-19 pandemic, the Management Board of CA Immo has decided to reschedule the 33rd Annual General Meeting from originally 7 May 2020 to 25 August 2020. As a result, the resolution on the appropriation of net profit for 2019 and a dividend payment will also be postponed.
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06
Apr
2020

Immofinanz postpones Annual General Meeting to October

by Property Forum
In view of the COVID-19 pandemic, Immofinanz has decided to reschedule the 27th Annual General Meeting (AGM) which was originally planned for 22 May 2020. The AGM will now be held on 1 October 2020 in Vienna. This change will also result in the postponement of the resolution on the use of profit for 2019 and a dividend payment.
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26
Mar
2020

CA Immo achieves record result in 2019

by Property Forum
CA Immo presented its financial results for 2019 with a significant increase in recurring earnings (+13%) and rental income (+15%).  The company expects challenging conditions on CA Immo's core markets due to COVID-19.
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23
Mar
2020

UniCredit expects V-shaped recession in Austria

by Property Forum
Austria’s economic growth curve is set to follow a V-shaped course in the wake of the coronavirus and the containment measures implemented, according to Bank Austria, a member of UniCredit Group.
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18
Mar
2020

Immofinanz CEO leaves the company

by Property Forum
Oliver Schumy, the CEO of Immofinanz AG, is leaving the Company as member of the Executive Board on 18 March 2020. The premature termination is based on mutual agreement due to personal reasons. As of 19 March 2020, the Executive Board of the Company is thus composed of the members Dietmar Reindl and Stefan Schönauer, who will continue all agendas.
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02
Mar
2020

Carpinus Holding buys into Immofinanz

by Property Forum
Carpinus Holding GmbH has acquired a total of 12,000,000 shares in Immofinanz, corresponding to a shareholding of approximately 10.71%. The indirect shareholders of Carpinus Holding GmbH are Peter Korbacka and RPR Privatstiftung (Ronny Pecik).
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