ARTICLES LABELLED WITH TAG Austria

News Immofinanz completes further property sales in CEE
03
Nov
2022

Immofinanz completes further property sales in CEE

by Property Forum
Immofinanz has successfully completed the sale of additional office properties. Two office buildings in Vienna were sold to the Austrian Winegg Group for an attractive market price of approximately €60 million. These two properties have 7,000 sqm of space in total and are occupied by long-term tenants.
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News UBM plans 150 flats in Prague brownfield project
30
Sep
2022

UBM plans 150 flats in Prague brownfield project

by Property Forum
A neglected plot of land in Prague 5 has now been newly acquired for billions of crowns by Austrian developer UBM. It plans to build 150 flats there. It wants to start building next year, but the project is still in the planning process. The developer has not disclosed the purchase price, the seller or the details of the construction, writes E15.cz. 
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News Real estate as an investment will remain attractive and profitable
14
Sep
2022

Real estate as an investment will remain attractive and profitable

by Ákos Budai
Markus Arnold, CEO of Arnold Investments talked to Property Forum about the key drivers of real estate investment in Europe and he also shared where the company is opening up new locations next.
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News Maintaining international supply chains is crucial for economies
13
Sep
2022

Maintaining international supply chains is crucial for economies

by Michał Poręcki
Jürgen Winklbauer, Managing Director of Panattoni Austria talked to Property Forum about the current situation in the Austrian warehouse market, the plausible directions of its development and the growing importance of photovoltaics.
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News CPIPG takover brings changes in S Immo’s Management Board
08
Sep
2022

CPIPG takover brings changes in S Immo’s Management Board

by Property Forum
Following the completion of the mandatory offer by CPI Property Group in relation to S Immo, the Supervisory Board and the acting Chairman of the Management Board, Dr. Bruno Ettenauer, have mutually agreed that Mr. Ettenauer's Management Board contract terminated at the end of 6 September 2022.
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News CA Immo expects significant organic increase in rents
25
Aug
2022

CA Immo expects significant organic increase in rents

by Property Forum
CA Immo has reported strong second-quarter results, continuing the positive business development of the previous quarters. In a challenging market environment, CA Immo increased its recurring earnings (FFO I) in the 1st half-year by 7.9% compared to the previous year, to €73.9 million. Rental income in the first six months was stable at €121.1 million (+1.0% y-o-y), reflecting recent portfolio additions and organic growth despite property sales. Consolidated net income improved by 28.5% to €220.1 million. Following the strong first half-year, CA Immo expects recurring earnings (FFO I) of more than €125 million in the 2022 business year.
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News CPIPG becomes majority owner of S Immo
22
Aug
2022

CPIPG becomes majority owner of S Immo

by Property Forum
CPI Property Group (CPIPG) has become the owner of approximately 79.2% of the shares of the Austrian company S Immo. CPIPG, in its mandatory takeover offer, offered to buy out the shares of S Immo for €23.50 per share. This offer, available until August 12, 2022, was taken up by holders of approximately 36.66% of S Immo shares.
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News Erste Group names new Head of CRE Business
04
Jul
2022

Erste Group names new Head of CRE Business

by Property Forum
Günther Artner (49) has taken over the management of the Commercial Real Estate business of Erste Group and Erste Bank Oesterreich as of 1 July 2022. Artner thus succeeds Patrick Zehetmayr, who is leaving Erste Group.
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News Immofinanz to sell assets worth €1 billion in line with new strategy
24
Jun
2022

Immofinanz to sell assets worth €1 billion in line with new strategy

by Property Forum
Immofinanz is presenting an updated strategy following the majority takeover by CPI Property Group. The company plans to continue its value-creating growth strategy with a strong focus on retail properties and office solutions. As part of an active portfolio management, properties with a value of approximately €1 billion will be sold and the proceeds invested in higher-yielding assets. The successful course of the company will be continued on Immofinanz’s robust financial base together with the strengthening of ESG activities. Immofinanz will benefit in pursuing this strategy from close cooperation with the CPI Property Group and the related synergy effects.
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News Immofinanz announces changes in its Executive Board
09
Jun
2022

Immofinanz announces changes in its Executive Board

by Property Forum
After the successful completion of the mandatory takeover offer of CPI Property Group on Immofinanz the Supervisory Board and the members of the Executive Board Dietmar Reindl and Stefan Schönauer mutually agreed today in relation to the Change of Control Event, that their contract as board members shall end on 8 June 2022. Dietmar Reindl and Stefan Schönauer will continue to work for the Company as advisors to the Executive and Supervisory Board until 31 December 2022.
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Latest news


New leases

  • The District Labour Inspectorate in Gdańsk will move its headquarters to the Palio Office Park B office building located on the site of the Gdańsk Shipyard. The institution will rent more than 1.7 thousand sqm on two floors in the facility.
  • Societe Generale Branch in Poland and SG Equipment Leasing Poland, companies belonging to the French financial group Societe Generale, are moving into the Studio complex by Skanska in Warsaw. Both companies will occupy offices in Building B on ul. Łucka. They will be the first of four tenants in the office building completed in Q4 2023. In total, Skanska's investment offers 16,400 sqm of office space, which is now fully leased.
  • Warsaw-based team Nrep and Urban Partners has moved to new premises in the Metropolitan office building at 3 Pilsudski Square.

New appointments

  • Aleksander Loster has been appointed as Director in Savills Poland investment team, headed by Mark Richardson since 2023. In his new role, he will be responsible for working with international investment funds during the sale and acquisition of retail, industrial, warehouse and alternative assets.
  • Piotr Wilewski joined Walter Herz Investment Advisory Department as Land Acquisition Manager. He is responsible for acquiring land projects, preparing analyses of investment potential and searching for ways to build real estate value.
  • GTC Group appoints two people to head up its shopping centres in Poland Anna Borecka will take over as director of Galeria Jurajska in Kraków. Meanwhile, Marek Ciszewski will take the helm at Galeria Północna in Warsaw.

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