Markus Arnold, CEO of Arnold Investments talked to Property Forum about the current state of the European property investment market and the important role advisors play in it. He also shared details about the company’s expansion strategy for the coming period.

Immofinanz generated strong growth in the results of operations and net profit during the first half-year. The expansion of the portfolio through acquisitions in Bucharest and Italy during recent months will be continued. The acquisition and development project pipeline has a volume of more than €1 billion. 

CA Immo's operating result (EBITDA) of €114.9 million for H1 2021 was up 27% on the previous year's figure.

“An Investment in commercial property is attractive to investors who want to invest their money and generate higher yields. Commercial real estate investments are also becoming more popular with private investors to complement the portfolio”, explains Markus Arnold, CEO of Arnold Investments. This trend led to a strong half-year performance in the commercial sector for the investment brokers. With a transaction volume of about €100 million and 90,000 sqm of space brokered, the company declared a healthy six-month balance. “Two thirds of the transactions were concluded in Austria and one third in our other European branches where further deals are imminent. In most of the deals both buyers and sellers are advised by Arnold Investments”, reports Markus Arnold in greater detail.

SOF-11 Klimt CAI S.a.r.l., a controlled subsidiary of Starwood Capital Group, has decided to increase the offer price from €35.00 (dividend-adjusted) to €37.00.

The Supervisory Board of CA Immo decided on the upcoming succession of the current CEO Andreas Quint, who will retire when his Management Board mandate expires on 31 December 2021. Silvia Schmitten-Walgenbach is appointed as the new CEO with effect from the beginning of 2022 for a period of three years until December 31, 2024.

Immofinanz was informed that the RPR Privatstiftung sold its entire shareholding in RPPK Immo GmbH, which holds a total of 13 million Immofinanz shares and 5 mandatory convertible notes issued by Immofinanz , to Eurovea Services, s.r.o. Sole shareholder of Eurovea Services, s.r.o. is Peter Korbacka.

Avison Young today announced an expansion of its service delivery to clients across Europe with the addition of GVA Real Consult in Austria. It will rebrand as Avison Young. The expansion within DACH builds on the recent growth of Avison Young across Central and Eastern Europe.

Immofinanz has issued a response to S Immo’s recent statement in which the company’s officials have clearly expressed their opposition to the takeover offer by Immofinanz published in mid-May 2021.

In a statement, the Management Board and Supervisory Board of S Immo have clearly expressed their opposition to the takeover offer by Immofinanz published in mid-May 2021.