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.

Immofinanz recorded a significant improvement in the results of operations and net profit during the first quarter of 2021, which was still heavily influenced by the COVID-19 crisis.

The Supervisory Board of CA Immo decided to extend the mandate of Management Board member Keegan Viscius, which expires on December 31, 2021, prematurely by another three years until December 31, 2024 in the function as CIO (Chief Investment Officer).

Immofinanz recorded an increase in rental income and results of property sales in 2020 despite the COVID-19 crisis. FFO 1 (before tax and incl. the S Immo dividend) rose by 0.6% year-on-year to €126.1 million, supported by cost savings. Profit before tax equalled €-160.4 million (2019: €350.1 million). After the deduction of €-5.5 million (2019: €-2.5 million) in income taxes, net loss amounted to €-165.9 million (2019: €352.1 million).

Avison Young has significantly increased its CEE presence in recent months and the company is planning further expansion. Gerry Hughes, Principal and President of Avison Young Europe talked to Property Forum about the firm’s strategy for CEE and shared his expectations regarding the future of the advisory business.

Radovan Patrick Vítek, the son of CPI Property Group’s Radovan Vítek, acquired an 8.38% stake in Austrian real estate group Immofinanz. He acquired the shares through Mountfort Investments, according to a major holdings notification published by Immofinanz. This purchase makes 23-year-old Vítek the third-largest shareholder of Immofinanz-