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Austrian Real Estate Market Headlines

CA Immo Issues EUR 150-Million Corporate Bond

The listed CA Immobilien Anlagen AG will issue a corporate bond with a volume of EUR 150 million (USD 169 million) and a maturity of 7 years. The interest rate is 2.75 percent CA Immo announced on Wednesday.

8 hours ago

Atrium Sells 10 Objects in Czech Republic for EUR 102.6 Million

Atrium European Real Estate Limited has sold 10 retail property objects in Czech Republic. The inventory value of the sold real estate is EUR 102.6 million (USD 115.6 million), which means it is 8 percent over the accounting value from June 20, 2015 the company announced in a statement.

Yesterday

Breitenender Collects EUR 90 Million in Bond Issue

Viennese garage and parking lot operator Johann Breiteneder has launched a bond issue, in order to raise money to repay debts. The company Best in Parking (BIP) has placed unsecured bonds worth EUR 90 million (USD 100.8 million) with private and institutional investors. The coupon rate of the seven-year bonds is 3.375 percent, whereas the denomination of one bond is EUR 1000.

February 8, 2016

Immofinanz Expects ca. EUR 400 Mln Impairment on Russian Properties in Q3

Listed real estate group Immofinanz will have to book some EUR 400 million (USD 446.4 million) extraordinary impairment for five Moscow-based retail properties in Q3 of FY 2015/16 (ending as of end-January), the company said. The decision is based on the first valuation indicators of the auditors.

February 5, 2016

CA Immo Real Estate Plans Over EUR 150 Mln Bond

Listed real estate group CA Immo plans to issue an over EUR 150 million (USD 162.8 million) 7year bond with an option to raise the issue volume, the company said.

February 1, 2016

Immofinanz Completes Sale of Logistics Properties to Blackstone

Listed real estate group Immofinanz has completed the sale of its logistics properties portfolio to the US financial investor Blackstone, in a deal that will provide the Austrian firm with EUR 305 million (USD 331 million) in net receipts, Immofinanz said.

February 1, 2016

S Immo Real Estate Extends CEO Vejdovszky Contract to 2019

Listed property group S Immo saw the supervisory board extend the contract with CEO Ernst Vejdovszky until June 30, 2019, the company said.

January 27, 2016

CA Immo Sold Eight Development Sites in Berlin

Listed property developer CA Immo has sold eight development sites in Berlin, the so-called Europacity. The area of the sites totals 25,000 square meters. The buyer is a joint venture of Benson Elliot and Kauri CAB Development. The JV intends to build a mixture of residential, retail, catering and office space.

January 27, 2016

Buwog Expands Development Projects in Berlin

Listed property developer Buwog has expanded its portfolio in Berlin and Vienna. The company has now 6,700 apartments in the pipeline, whereas the investment volume amounts to EUR 1.9 billion, an issued release indicates.

January 19, 2016

Wishing you Peace, Joy and Happiness in the New Year

Dear Reader, As the year comes to an end, I wanted to write and thank you for your support. It's the loyalty of readers like you that enables us to provide our service. This year saw us once again reporting on topics related to cross-border activities in business and diplomacy. Our mission remains to inform and to connect Austria's international professionals and expatriates to enable them to be more productive and successful. Whatever 2016 brings, my editorial team and I will continue to bring you the latest in Austrian-international news and insight. I wish you a peaceful and prosperous holiday season and - till next year. Warm regards, Dr. Peter J. Friedl, Editor, FriedlNews

December 23, 2015