ARTICLES LABELLED WITH TAG Austria

News Former CPI executive joins Immofinanz’s Executive Board
22
Apr
2022

Former CPI executive joins Immofinanz’s Executive Board

by Property Forum
Immofinanz has announced that the Supervisory Board has appointed Radka Doehring as a member of the Executive Board as of 1st May 2022 for three years.
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News SES posts improved numbers for 2021
06
Apr
2022

SES posts improved numbers for 2021

by Property Forum
People have started to return to their usual shopping destinations. That is reflected in the positive business development of SES Spar European Shopping Centers during the second year of the pandemic. Compared to 2020, significant growth was recorded in retail partner sales, visitor footfall and average spend per purchase. This positive upward trend was recorded by SES in all countries in which it operates centres. Despite the pandemic, in 2021, a total of €22 million was invested in maintenance and sustainable measures relating to the operation of the centres, as well as in project development.
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News Immofinanz to invest €1 billion in residential
16
Mar
2022

Immofinanz to invest €1 billion in residential

by Property Forum
Property group Immofinanz has presented its new residential brand On Top Living during MIPIM, the biggest real estate fair held in Cannes. The company plans to develop up to 12,000 smart and sustainable apartments at affordable prices in the medium term. 
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News CPIPG makes changes to Immofinanz’s Supervisory Board
07
Mar
2022

CPIPG makes changes to Immofinanz’s Supervisory Board

by Property Forum
Immofinanz today received a request to convene an extraordinary general meeting, together with an agenda covering elections to the Supervisory Board. According to the convocation request, CPIPG holds an investment (directly and indirectly) of approximately 54.86% in Immofinanz and recommends (via its subsidiary WXZ1 a.s.) two new members for election by the general meeting.
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News High demand leads to increasing portfolio diversification
07
Mar
2022

High demand leads to increasing portfolio diversification

by Property Forum
Low interest rates and high inflation continue to drive demand for investment properties with the residential asset class remaining highly popular. As more and more private individuals, family offices and trusts are diversifying their portfolios, Arnold Investments has greatly expanded their commercial property segment. Investments in critical retail properties, logistics and offices are currently interesting, but hotels are also performing surprisingly well. Multinational brokerage firm Arnold Investments, which supported almost 100 transactions in 2021, summarised key investment market trends in Austria and other regional countries.
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News CPIPG now set to hold over 50% of Immofinanz voting rights
24
Feb
2022

CPIPG now set to hold over 50% of Immofinanz voting rights

by Property Forum
With the ending of the acceptance period of its takeover offer for Immofinanz, CPI Property Group announced that it will soon hold at least 53.33% of Immofinanz’s share capital and voting rights.
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News Immofinanz issues statement on CPIPG takeover
16
Feb
2022

Immofinanz issues statement on CPIPG takeover

by Property Forum
The Executive Board and Supervisory Board of Immofinanz have issued supplementary statements on the announcement by CPI Property Group SA (CPIPG) of the increase in the offer price to €23.00 per share (cum dividend) and increase in CPIPG’s investment in Immofinanz to roughly 48.18% through the purchase of shares from S Immo AG. The Executive Board and Supervisory Board still view the improved offer price as too low given the successful development of Immofinanz and the current value of the company. Moreover, the offer price does not include an appropriate control premium in connection with CPIPG’s intention to attain control over Immofinanz.
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News Savills signs association agreement with Modesta Real Estate
31
Jan
2022

Savills signs association agreement with Modesta Real Estate

by Property Forum
Savills has signed an association agreement with Modesta Real Estate, located in Vienna, to support its continued expansion across Europe and the Middle East. Modesta Real Estate will collaborate with Savills to service existing clients whilst liaising with Savills offices and other partners in CEE to build relationships across the wider region. Modesta Real Estate also has an office in Bratislava and will be collaborating closely with Savills’ Czech office to ensure further service delivery in Slovakia.
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News CPI increases offer price, Immofinanz still finds it too low
27
Jan
2022

CPI increases offer price, Immofinanz still finds it too low

by Property Forum
CPI Property Group is continuing its efforts towards the takeover of Immofinanz. It has increased its holding in Immofinanz to 35.5% and subsequently also increased its offer price.
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News Immofinanz deems CPI offer price too low
26
Jan
2022

Immofinanz deems CPI offer price too low

by Property Forum
The Executive Board, Supervisory Board and Works Council of Immofinanz issued statements in which they indicate that the offer price of €21.20 per share is viewed as not attractive and recommend that investors not accept the offer by CPIPG for Immofinanz’s shares and convertible bonds.
Read more >

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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