ARTICLES LABELLED WITH TAG Austria

News Where will new money come from to the region?
06
Jul
2017

Where will new money come from to the region?

by Ákos Budai
On 19 September 2017 the fifth edition of CEE Property Forum, organized by Property Forum in partnership with the Royal Institution of Chartered Surveyors (RICS) will gather leading real estate professionals and top executives from Central & Eastern Europe to analyse the potential of the regional real estate market from a global perspective. 70 speakers and more than 400 visitors will come together in Vienna, creating a unique networking opportunity. 
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News RPR Privatstiftung acquires 11% stake in S Immo
05
May
2017

RPR Privatstiftung acquires 11% stake in S Immo

by Ákos Budai
Ronny Pecik has, referring to RPR Management GmbH’s right to acquire 7.6 million shares in S IMMO AG granted by Anadoria Investments Ltd. on 6 April 2017, notified S IMMO AG via legal representatives, that RPR Management GmbH, a subsidiary of RPR Privatstiftung has named the affiliated companies Everest Investment GmbH & Co KG and Pavus Immobilien GmbH & Co KG as purchasers, which acquired the shares on 4 May 2017.
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News CEE hotel investment market continues to boom
06
Mar
2017

CEE hotel investment market continues to boom

by Ákos Budai
The investment volume achieved in 2016 totalled almost €1.2 billion with 46 transactions recorded in core CEE hotel investment markets. In comparison, 2015 reached just over €700 million with 45 transactions. Austria was the star performer with almost €800 million transacted, which made up 67% of the total investment volume. In other CEE markets volume was lower than in 2015 with a particular decline in Poland which more than halved in volume. The Czech Republic accounted for 18% of total CEE investment share; most of the investment took place in Prague which saw 7 transactions including the Hilton Old Town, Park Hotel and Chopin Hotel.
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News Raiffeisen Evolution renamed Strabag Real Estate
16
Jan
2017

Raiffeisen Evolution renamed Strabag Real Estate

by Ákos Budai
Vienna-based developer Raiffeisen Evolution Project Development has been renamed Strabag Real Estate (SRE), the management announced. 
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News Immofinanz delays merger with CA Immo
19
Dec
2016

Immofinanz delays merger with CA Immo

by Ákos Budai
Immofinanz AG has announced a change in the preliminary timetable for the intended merger with CA Immobilien Anlagen AG. The reason is the planned divestment of Immofinanz’s Russian property portfolio, which is a condition for the merger of the two companies. The Executive Board and Supervisory Board of Immofinanz today decided to schedule a longer period than originally considered for the process to separate the Russian properties. The recent stabilisation of the economy in Russia has contributed to this decision. 
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News Immofinanz sells non-core retail portfolio in Austria
19
Dec
2016

Immofinanz sells non-core retail portfolio in Austria

by Ákos Budai
Immofinanz has announced the sale of a smaller Austrian retail portfolio to an Austrian real estate investor and, with this transaction, continues its strategic withdrawal from properties that are not part of the core business. The portfolio covers 88 properties with approx. 108,000 sqm of rentable space in eight Austrian provinces. The parties to the transaction have agreed not to disclose any information on the purchase price. The closing will take place in several steps through the end of 2017. 
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News Transparency is still an issue in the region
08
Dec
2016

Transparency is still an issue in the region

by Ákos Budai
Greater transparency and continuous training pave the way for higher professional standards on the real estate market. More than 100 professionals, from all over Austria and Central & Eastern Europe gathered in Vienna last week to discuss new directions in the profession at the latest RICS event. 
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News Immofinanz completes the purchase of CA Immo shares
02
Aug
2016

Immofinanz completes the purchase of CA Immo shares

by Ákos Budai
Immofinanz has completed the purchase of 25,690,163 bearer shares (representing an investment of approx. 26%) of CA Immobilien Anlagen AG from Terim Limited (Cyprus) and four registered shares of CA Immo from O1 Group Limited (Cyprus). The closing took place today, on Tuesday, 2 August 2016. The purchase price for the package totals approx. EUR 604 million. 
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News Immofinanz and CA Immo announces plan to merge
18
Apr
2016

Immofinanz and CA Immo announces plan to merge

by Ákos Budai
IMMOFINANZ AG announced today that it has entered into an agreement to acquire 25,690,167 ordinary shares that represent ca. 26% of the outstanding share capital and voting rights in CA Immo from O1 Group Limited and Terim Limited. The acquisition is a first step towards a planned full combination of IMMOFINANZ and CA Immo by way of a statutory merger. Prior to the envisaged merger, IMMOFINANZ is planning to demerge or sell its Russian asset portfolio which is characterised by different market dynamics and a higher risk profile.
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Latest news


New leases

  • The company PKB Inwest Budowa has announced that the retail chain Lidl Polska will be a tenant of the newly developed Retail Park in Garwolin. The investment will include the construction of 3 buildings with a total area of 11,045 sqm. GLA. One of of them with an area of over 2,100 sqm will be occupied by a Lidl Polska shop.
  • Peek & Cloppenburg has chosen the Szczecin Galaxy shopping centre to make its debut in West Pomerania in Poland. The brand's only shop in this part of the country will be almost two thousand square metres in size.
  • The Enel-med clinic chain is opening two new outlets in Wrocław: 510 sqm in Sagittarius Business House and 1,374 sqm in the Infinity office building.

New appointments

  • Angelika Majkowska has taken up the position of HR director at Apsys Poland. Angelika, who has been with the company since 2013, will be responsible for complex HR policies in an organisation with a structure involving more than 19 teams in various locations.
  • Filip Krstičević is joining iO Partners in Zagreb as Regional Manager, focusing on leasing and land deals across the region. With a strong track record of acquiring land sites and developing residential and commercial properties in both Croatia and Australia, Filip is well placed to support international investors entering the Croatian market.
  • The Management Board of Globe Trade Centre S.A. has announced that on 18th of March, 2024 the company accepted Barbara Sikora's decision to resign from the company's authorities.

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