The latest property industry and company news and analysis from FriedlNews
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Austrian Real Estate Market Headlines

S Immo on Shopping Spree in Germany

Listed property developer s Immo AG has acquired another four residential properties in Germany, with a floorspace of 18,000 square metres

May 20, 2015

Rene Benko Once Again Eyes Kaufhof

According to insider sources, after the takeover of retail chain Karstadt, the Austrian real estate investor Rene Benko is mulling to acquire also Karstadt’s competitor Kaufhof. If that scenario comes into effect, it would pave the way for an alliance of German department stores.

May 20, 2015

Porr Secures Office and Hotel Building Deal in Munich

Listed builder Porr landed a major contract in Munich for the construction of an office and a hotel building with Von der Heyden Group, Porr said. The total value of the investment reaches EUR 160 million (USD 179.1 million).

May 19, 2015

Buwog Management to Reduce Controlling Threshold for Takeover Bids

The management of property developers Buwog, listed in Vienna, Frankfurt and Warsaw, wants to lower the threshold for mandatory takeover bids from the current 30 percent to 20 percent.

May 19, 2015

Conwert Shareholder Petrus Advisers Slams Management, Issues Demands

Listed real estate group Conwert saw one of its shareholders, investment fund Petrus Advisers, slam the company's activities and issue a series of demands in a press announcement published on Monday.

May 18, 2015

Buwog Real Estate Set to Start Work on Over EUR 270 Mln Project

Residential real estate group Buwog is about to launch construction works on the huge project "52° Nord" in Berlin, with a value estimated at in excess of EUR 270 million, the company said on Monday.

May 11, 2015

CA Immo Builds New KPMG Office Building in Berlin for EUR 58 Million

Listed property developer CA Immo will erect an office building for consulting firm KPMG in Berlin for EUR 58 million (USD 65 million). Construction work is slated to begin in autumn 2015. At the end of 2017 KPMG is expected to move into the new, seven-storey building with a floor space of 12,000 square meters.

May 4, 2015

6B47 Sold Property for EUR 165 Million in Frankfurt

The Vienna-based property development company 6B47 Real Estate Investors AG has sold 4 properties in Frankfurt for about EUR 165 million (USD 185 million). This is the company's biggest deal in Germany so far.

April 30, 2015

Jurkowitsch: Warimpex to Maintain Russian Investments

Even though the Russian crisis has dragged hotel operator and real estate developer Warimpex deep into the loss zone, Warimpex head Franz Jurkowitsch still believes in the market. He assures his company wants to stay in that region, keeping its investments and launching new developments.

April 29, 2015

Conwert Real Estate in Talks to Dismiss CEO Schneider

Listed property group conwert is at an "advanced stage” of talks between the group's supervisory board and CEO Clemens Schneider on the dismissal of the CEO, the company said confirming earlier reports in the press.

April 29, 2015