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Austrian Real Estate Market Headlines

EHL Immobilien Heading for Record-Breaking Results in 2015

Following strong performance in the period from January to June this year the property group EHL Immobilien is heading for record-breaking results this year. In the first half of the year EHL handled, just as last year, a third of Austrian investment transactions. Out of this 70 percent was commercial property and 30 percent were tenement houses.

September 1, 2015

UBM Boosts Profit Following Merger

UBM Development AG formed from PIAG Immobilien and UBM Realitätenentwicklung closed the first half of the year with substantially higher profit. Following the merger with the property division of the construction group Porr on February 19, 2015, the result for the period climbed almost 24 percent from EUR 6.8 million (USD 7.67 million) to EUR 8.4 million also thanks to booming property sales UBM announced.

August 27, 2015

Warimpex Real Estate H1 Net Loss Widens to EUR 24.9 Mln on Russia Crisis

Listed hotel operator and developer Warimpex saw its net loss widen to EUR 24.9 million (USD 28.6 million) in H1 2015 from EUR 10.8 million loss a year earlier as the Russian crisis affected the operations, the company said in the H1 report.

August 27, 2015

CA Immo Boosts Group Profit in H1 by 67.4 Percent

The listed CA Immo raised its net profit (group profit) in the first half of 2015 by 67.4 percent to EUR 55 million (USD 63.56 million).

August 26, 2015

Eco Business Raises H1 Net Profit to EUR 5.1 Mln, Revenues Up on Single Deal

Listed property group Eco Business, a unit of Conwert, saw its H1 revenues soar to EUR 39 million (USD 45.1 million) from EUR 19.1 million a year earlier with the increase driven solely by a EUR 21.4 million sale of two facilities, the company said in H1 report out Tuesday.

August 25, 2015

Austrian Residential Real Estate Market Grows 30.5 Pct Y/Y to EUR 4.13 Bln in H1

Austrian residential real estate market enjoyed strong growth in H1 with the transaction volume up by 30.5 percent y/y to EUR 4.13 billion (USD 4.77bn) and the number of the deals rising by 36 percent to 21.5k, broker Remax said in the latest report based on the data entered in the land register.

August 25, 2015

Hypo Bad Bank Heta Launches Sale of Balkan Real Estate Unit

Heta, bad bank of defunct nationalised lender Hypo Alpe Adria, has launched the sale process of its Balkan real estate unit Centrice Real Estate GmbH, show the international tender notices published on Tuesday in Austrian and Slovenian dailies.

August 18, 2015

German Adler Real Estate Buys 24.8 Pct in Conwert Property for EUR 285 Mln

German firm Adler Real Estate took over 24.79 percent in listed property group conwert for a consideration of EUR 285 million (USD 316.5 million) from Israeli billionaire Teddy Sagi, the company said Monday. The deal is already closed.

August 17, 2015

Atrium Real Estate's Profit Declines by 73 Percent in H1

Listed property group Atrium posted EUR 9.9 million net profit in H1 2015, a strong decline from EUR 36.1 million (USD 40.1 million) a year earlier, the company said in a report.

August 14, 2015

Immofinanz Saw Rental Income Cave In

Property developer Immofinanz posted EUR 43.5 million from the sale of real estates in business year 2014/15 (ended on 30 April). The development of properties yielded a result of EUR 11 million, up from a loss of EUR 45 million in the preceding year. This allowed to compensate for the expected decline of the income of the asset management division (EUR 313 million, down from EUR 384 million a year earlier) due to lower rental income in Russia and the sale of properties.

August 7, 2015