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

No Approval for Benko's Department Store in Bolzano

The department store project started by the Signa Holding of the Tyrolean investor Rene Benko fell through at a commune council meeting. On Thursday evening 22 mandataries voted in favour of the project, 23 votes were necessary. Signa Holding hasn't commented on the vote yet.

July 24, 2015

Warimpex and UBM Sold Hotel in Berlin for EUR 105 Million

Austrian property development companies Warimpex and UBM have sold the hotel Andel's in Berlin for EUR 105 million (USD 115.4 million). Negotiations were concluded, the listed companies announced.

July 24, 2015

Conwert to Appoint Deutsche Annington's Beck as New CEO

Conwert will name Wolfgang Beck as new CEO. The administrative board is supposed to appoint the German manager as head of the listed property developer, replacing Clemens Schneider.

July 23, 2015

Conwert in Talks to Purchase BGP Investment's German Properties

Conwert Immobilien Invest SE currently is in exclusive discussions with BGP Holdings Europe S.à.r.l. with respect to the potential acquisition of the German residential property assets of BGP Investment S.à.r.l., an subsidiary of BGP Holdings Europe S.à.r.l.

July 22, 2015

Niki Lauda Acquires Stakes in Benko's Real Estate Firms

The private foundation of former Formula 1 driver Niki Lauda will acquire 1% of Signa Prime and a 10% stake in Signa Retail.

July 17, 2015

Demand for Office Buildings in Vienna Increasing

A survey commissioned by real estate agency EHL Immobilien indicates an increasing demand for office on Vienna’s office market. Rental has increased by 10 percent in H1 2015, to 110,000m2. Further growth of the office rental indicator is expected for the second half of 2015 and for 2016.

July 14, 2015

Immofinanz Sold Viennese Properties for EUR 100 Million

Listed property developer Immofinanz continues the sale of real estates. In the past weeks the company sold properties, including residential buildings and the last hotel it owned, for EUR 100 million (USD 111.1 million).

July 13, 2015

CA Immo Buys Stake in CEE Portfolio off EBRD for EUR 60 Mln

Listed real estate group CA Immo will take over the outstanding 35-percent stake in the CEE portfolio from partner EBRD for EUR 60 million (USD 66.2 million) gross, a reduction versus net asset value of the portfolio, the company said.

July 10, 2015

Czech Republic: German and Austrian Property Investors Most Active

Properties worth EUR 1.22bn have been sold in H1 in the Czech Republic. According to DTZ’s Head of Investment, Ryan Wray, German and Austrian investors are most active on the Czech market, together with US and British private equity funds.

July 7, 2015

Immofinanz Wants to Take Over Warsaw Office Complex in Full

Listed Immofinanz will take over Empark Mokotów Business Park in Warsaw in full. Currently Immofinanz owns 50 percent of the office complex, the other half is held by a joint-venture partner, a subsidiary of property company Heitman.

July 2, 2015