ARTICLES LABELLED WITH TAG Vienna

Property Forum’s first annual CEE Property Forum Awards Gala will take place during CEE Property Forum on 25 November 2024. The list of award categories is already available and nominations are now open until October 18th. Property Forum’s CEO Csanád Csürös answered all potential questions related to the nomination process and explained how the winners will be selected.

Industrial developer CTP has leased over 100,000 sqm of logistics space across its Hungarian projects to a Korean company specialised in automotive logistics.

Revetas Capital has secured three mandates from Korean Asset Management Companies (AMCs) representing multiple Korean Institutional Limited Partners (LPs), with an initial investment volume of more than €860 million.

Immofinanz is taking another step in optimising its portfolio by selling two office properties in Vienna. The properties in the 20th district of Vienna have been sold to an Austrian real estate investor. This sale follows several others executed by CPI Property Group, Immofinanz' majority owner, in a bid to raise cash for repaying debts.

Immofinanz has announced the sale of the Twin Towers on Wienerbergstrasse in Vienna to S Immo.

Industrial developer CTP has recorded a net income of €130.7 million in the first quarter of 2023, up 21.9% year-on-year, while the like-for-like rental growth stood at 7.8%, mainly driven by indexation and reversion on renegotiations and expiring leases. The company’s profit for Q1 2023 was €225.4 million which is 274% above the figure for Q1 2022 (€60.2 million).

Immofinanz is taking another important step in optimising its portfolio by selling an office property in Vienna. The Bureau am Belvedere building, with nearly 9,000 sqm of space, was sold to an Austrian investor.

In its latest study on the CEE hotel market, hotel real estate expert Christie & Co sheds light on how the capital cities of Prague, Bratislava and Budapest developed during the Covid-19 pandemic and which of the three cities emerged the strongest from the crisis.

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.

Although financing has become more expensive for real estate companies in the past 12 months, transactions are still being carried out, pointed out speakers in the financing strategies panel of CEE Property Forum 2022 in Vienna.