Property

The latest property industry and company news and analysis from FriedlNews
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Deutsche Wohnen Set to Bid for Conwert Real Estate in Mid-March

German real estate group Deutsche Wohnen, to be owner of Austria's conwert, will likely file the offer "around March 18”, according to sources from bank circles.

Yesterday

S Immo to Make Public Offer for Participating Certificates of S Immo Invest

The management board and supervisory board of property developer S Immo AG decided that the firm would make a voluntary public offer to the holders of the outstanding 1,130,681 participating certificates of S Immo Invest to acquire those certificates either by exchange for a bond or for cash consideration.

Yesterday

Warimpex Sells Two Hotels in St. Petersburg for EUR 70 Mln

Vienna- and Warsaw-listed real estate firm and hotel operator Warimpex sold two office buildings to a unit of Russian pension fund Blagosostayanie in St. Petersburg for EUR 70 million (USD 78.5 million), the company said.

Yesterday

Immofinanz CEO Calls CA Immo Takeover Offer "Ludicrous”

The head of Immofinanz, Eduard Zehetner thinks the takeover offer extended today by CA Immo and its core shareholder O1 of Russian real-estate tycoon Boris Mints, for a minority stake in Immofinanz is "ludicrous”.

February 25, 2015

CA Immo Interested in 15 Pct Stake in Immofinanz

Listed property group CA Immo and the company's blocking minority shareholder O1, controlled by Russian tycoon Boris Mints, are mulling the purchase of about 15 percent stake in listed real estate firm Immofinanz, they said in a joint statement on Wednesday after media reports on the potential move.

February 25, 2015

CA Immo Sells Two Hotels in Czech Republic

CA Immo's strategic withdrawal from non-core segment continues. Listed property developer CA Immobilien Anlagen AG (CA Immo) has sold two hotels in the Czech Republic, the Europort Airport Center at the Prague airport and the Diplomat Center in Pilsen.

February 24, 2015

Buwog to Expand in Germany

Residential property group Buwog listed in Vienna, Frankfurt and Warsaw currently manages about 52,500 portfolio properties worth about EUR 3.5 billion (USD 3.96 billion) and wants to massively expand in Germany.

February 23, 2015

Pierer Holds 76 Percent Stake in BF Holding

Industrialist Stefan Pierer who wants to introduce his Cross Holding through a merger with BF Holding AG (earlier Brain Force Holding AG) to the stock market, has come a step closer to his goal of complete takeover of BF.

February 18, 2015

Deutsche Wohnen Plans Takeover of Conwert and Asset Restructuring

German property firm Deutsche Wohnen would have to refinance and restructure listed developer conwert in the event of successful takeover in order to provide some "breathing space” for the Austrian group, Deutsche Wohnen CEO Michael Zahn said Monday in Vienna.

February 16, 2015

PIAG Immobilien AG to be Delisted

PIAG Immobilien AG formed a few months ago, which contains the property part separated from construction group Porr, will be delisted next Wednesday. The reason for this is the merger with property development company UBM once controlled by Porr.

February 13, 2015