Property

The latest property market news and analysis from FriedlNews
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City of Vienna Wants to Build Council Flats Again

Council flats shall be build in Vienna again, mayor Michael Häupl (Austrian Social Democrats = SPÖ) announced on Thursday, during a conference.

February 26, 2015

Immofinanz CEO Calls CA Immo Takeover Offer "Ludicrous”

The head of Immofinanz, Eduard Zehetner thinks the takeover offer extended today by CA Immo and its core shareholder O1 of Russian real-estate tycoon Boris Mints, for a minority stake in Immofinanz is "ludicrous”.

February 25, 2015

CA Immo Interested in 15 Pct Stake in Immofinanz

Listed property group CA Immo and the company's blocking minority shareholder O1, controlled by Russian tycoon Boris Mints, are mulling the purchase of about 15 percent stake in listed real estate firm Immofinanz, they said in a joint statement on Wednesday after media reports on the potential move.

February 25, 2015

CA Immo Sells Two Hotels in Czech Republic

CA Immo's strategic withdrawal from non-core segment continues. Listed property developer CA Immobilien Anlagen AG (CA Immo) has sold two hotels in the Czech Republic, the Europort Airport Center at the Prague airport and the Diplomat Center in Pilsen.

February 24, 2015

Buwog to Expand in Germany

Residential property group Buwog listed in Vienna, Frankfurt and Warsaw currently manages about 52,500 portfolio properties worth about EUR 3.5 billion (USD 3.96 billion) and wants to massively expand in Germany.

February 23, 2015

Property Prices in Vienna Grow Further in 2014

Property prices in Vienna increased further in 2014. The prices of properties increased by 3 to 4 percent, compared to 2013. Rents (in case of new contracts) increased 1 to 2 percent property companies Buwog and EHL announced on Monday.

February 23, 2015

Deutsche Wohnen Plans Takeover of Conwert and Asset Restructuring

German property firm Deutsche Wohnen would have to refinance and restructure listed developer conwert in the event of successful takeover in order to provide some "breathing space” for the Austrian group, Deutsche Wohnen CEO Michael Zahn said Monday in Vienna.

February 16, 2015

PIAG Immobilien AG to be Delisted

PIAG Immobilien AG formed a few months ago, which contains the property part separated from construction group Porr, will be delisted next Wednesday. The reason for this is the merger with property development company UBM once controlled by Porr.

February 13, 2015

US Investor Dreams of Hypo Winding Down Unit Heta as Real Estate Company

According to experts of a consortium run by Excellere Capital Group, interested in acquiring Heta, the unit created for winding down Hypo Alpe Adria, from Austria, the state should not implement a debt haircut, but it should rather extend the deadline for liabilities significantly.

February 11, 2015

CA Immo Property Issues EUR 175 Mln Bond

Listed property company CA Immo issued EUR 175 million (USD 197.5 million) corporate bond, EUR 25 million above the initially planned value, the company said.

February 10, 2015