The latest property industry and company news and analysis from FriedlNews
Page 1/51

Austrian Real Estate Market Headlines

Austria's Real Estate Prices Seen Roughly Stable in 2015

Austria's real estate market is stable with prices seen fairly this year, with only a moderate increase a possibility, real estate association head Georg Edlauer told a press conference. Prices in the capital city Vienna stay on high levels, he added pointing to the insufficient activity on the new real estate construction market.

June 23, 2015

Developer JPI to Supply Almost 1,000 Apartments in Vienna

Private property development company JP Immobilien will build, or provide almost 1,000 apartments in Vienna this and next year. This year the company is working on 9 projects with 320 apartments worth EUR 80 million. For 2016 six projects with 650 apartments are planned. The total volume of the investment amounts to EUR 220 million "WirtschaftsBlatt" reports.

June 23, 2015

Atrium Real Estate Buys Back Bonds for EUR 83.6 Mln

Listed real estate group Atrium European Real Estate bought back bonds with a nominal value of EUR 77.4 million (USD 87.8 million) for nearly EUR 83.6 million, Atrium said Monday.

June 22, 2015

New Class Action Against Atrium in the Netherlands

Viennese law firm Breiteneder has been commissioned by a Dutch foundation to file a class suit against Atrium European Real Estate Ltd, i.e. former Meinl European Land (MEL), with its headquarter in the Netherlands, Eric Breiteneder announced. The parties involved seek a settlement though.

June 18, 2015

Benko No Chance to Get Kaufhof

Karstadt chain owner and real estate investor Rene Benko stands no longer a chance to buy Kaufhof himself. The German retail trade giant Metro is selling its department store subsidiary Galeria Kaufhof to Canadian retail group Hudson’s Bay for EUR 2.8 billion.

June 15, 2015

Buwog Real Estate Eyes Raising Dividend in 1-2 Years

Listed property group Buwog will not immediately raise dividend from the EUR 0.69 (USD 0.78) per share offered previously, despite a slight increase in the FFO guidance for 2014/15, the company's CEO Daniel Riedl told journalists in Berlin.

June 11, 2015

Buwog Sets Focus on Germany, to Raise Portfolio to 40 Apartments in 3 Yrs

Listed residential real estate group Buwog eyes growth in Germany and plans to increase its German portfolio to 40k apartments from the current 26k in the next three years via purchases of 34k apartments a year, CEO Daniel Riedl told journalists in Berlin. The company is also set to significantly step up its activity in terms of new construction projects in Berlin. The target is to complete and sell 500 apartments a year in the German capital.

June 11, 2015

Immofinanz Sells Dutch Self-Storage Firm City Box

Listed property group Immofinanz signed a deal to sell its unit City Box, the second-biggest player on the Dutch self-storage market, to Shurgard, the sector leader in the Netherlands and Europe, Immofinanz said in a statement.

June 10, 2015

Property Developer 6B47 Decided to Raise Capital by EUR 10 Million

The Vienna-based property development company 6B47 will get new co-owners. Five investors, including one from Switzerland, will bring EUR 10 million, the company announced.

June 9, 2015

Atrium European Real Estate Tenders Offer for €130 Mln Bonds

Listed property developer Atrium European Real Estate Limited announces its plan to launch an invitation to holders of its €130 million Floating Rate Notes due 2017, of which €83.85 million is currently outstanding and €46.15 million is currently held by Atrium itself, to buyback their bonds.

June 5, 2015