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

Benko Set to Buy 25.1 Pct in Signa Holding from Greek Co-Owner

Real Estate Developer Rene Benko is set to buy 25.1 percent in its property holding Signa from Greek co-owner George Economou as a respective report was filed to the Austrian competition authority BWB on Thursday.

Yesterday

Immofinanz Gives Up on Bid for 29 Pct in Peer CA Immo

Listed real estate group Immofinanz will not announce the earlier planned offer for 29 percent in peer CA Immo as a respective resolution will not be voted on at Immofinanz general meeting this Friday, Immofinanz said in a filing on Thursday evening.

Yesterday

UBM Property Posts EUR 8 Mln Pre-Tax Profit in Q1

Listed property group UBM posted EUR 8 million (USD 8.5 million) in pretax Q1 profit, preliminary figures out Thursday showed. The figures take into account the results of PIAG property, which was merged with UBM in February.

April 16, 2015

Deutsche Wohnen's Tender Offer for Conwert Real Estate Fails

The EUR 1 billion (USD 1.06 billion) tender offer of German group Deutsche Wohnen for listed real estate group conwert has fallen through as the Germans failed to secure the required 50 percent plus one share level, Deutsche Wohnen said on Wednesday evening.

April 16, 2015

Warimpex Reckons with EUR 35 Million Loss due to Russian Crisis

Warimpex, hotel operator and property development company listed in Vienna and Warsaw was hit hard by the Russian crisis in 2014. The group estimates that it closed the financial year with a loss of EUR 35.3 million (USD 37.36 million). In 2013 the company made a EUR 7.1million profit.

April 15, 2015

Immofinanz Files Lawsuit Against CA Immo

Immofinanz CEO Eduard Zehetner fulfilled his threat that the company would file a lawsuit against CA Immo and its subsidiary PHI. The complaint was filed with the commercial court in Vienna last Thursday, news magazine ‘profil’ reports in its Monday issue.

April 13, 2015

Property Developer S Immo Issues EUR 50 Million Bonds

Listed property developer s Immo AG is going to issue corporate bonds with a fixed interest rate, maturing in 12 years.

April 10, 2015

Immofinanz Real Estate Management Rejects CA Immo Bid

Listed real estate group Immofinanz management and supervisory board recommended that its shareholders do not accept the takeover offer filed by peer CA Immo and O1 group as "not appropriate,” the company said in a statement on Wednesday.

April 8, 2015

Athos Real Estate Switched to Vienna Stock Exchange Mid Market

Athos Immobilien AG joined the mid market exchange segment of Vienna Stock Exchange, which is supposed to offer greater flexibility. Apart from Athos Immobilien AG, the mid market currently lists ten further companies.

April 3, 2015

S Immo Regards Itself as an Acquisition Target

The head of the listed S Immo AG, Ernst Vejdovszky regards the company, considering the current acquisition fever in the property sector on the Vienna Stock Exchange as a potential acquisition target. This year the company aims to achieve a new record-high.

April 3, 2015