Austria

Cushman & Wakefield has signed an exclusive affiliate agreement with CBS International to deliver commercial property services in Austria. The affiliate agreement builds upon an existing successful relationship between the two firms, with CBS International having been Cushman & Wakefield’s affiliate in Serbia and Montenegro s...

Strabag has signed a purchase agreement together with Porr for parts of the Vamed Group, specifically for the technical operations management and construction projects divisions of Vienna General Hospital (AKH Wien) as well as Vamed's Austrian project development business and its Austrian spa holdings, for a total purchase pr...

ARE CEO Hans-Peter Weiss, UBM CEO Thomas G. Winkler and Habau CEO Hubert Wetschnig laid the foundation stone for 135 privately financed condominiums together with district representative Erich Hohenberger. By laying the foundation stone for Park Homes, the partners are also heralding the start of marketing for new privately ...

United Benefits Holding realises the purchase of the „Justizzentrum Wien Mitte“ for Euro Real Estate with a transaction volume of more than €150 million. The major deal with Immofinanz is the largest office transaction on the Austrian real estate market so far this year.

Siemens Austria has renewed its contract with Apleona for the performance of integrated facility management for a total of eleven locations in Austria ahead of schedule for an additional three years with effect from October 1, 2024. A corresponding service agreement was signed at the end of March with the option of a further ...

Limehome grew its portfolio by almost 14 percent in the first quarter of 2024. By the end of March, the company signed a total of 800 new apartments, bringing the total European portfolio to 6,800 apartments. The majority of new leases are located in Austria, Portugal, Spain, and Italy, emphasizing the company's status as one...

UBM Development laid the foundation stone for LeopoldQuartier in the presence of numerous political and business representatives. The first phase of construction will be the 22,000 m² LeopoldQuartier Office, a timber-hybrid building.

EPH European Property Holdings has decided to suggest to the holders of the company‘s bonds with ISIN CH1177348302 and with a total nominal value of €122,175,000 to amend certain terms of these bonds:

JP and JP Hospitality Investors Club celebrate major milestones with successful deployment of capital to six hotels across Europe and opening of the Hoxton Vienna.

Immofinanz Group generated strong growth in rental income and operating results during the 2023 financial year. This sound development was based primarily on the full consolidation of S Immo, the purchase of retail properties, and solid growth in like-for-like rental income. Rental income rose by 77.8% year-on-year to €533.6 ...

The S Immo AG noted a significant increase in key earning figures in 2023. The rental income increased by more than 30%, mainly due to the acquisition of high-yielding properties. Income from hotel operations improved year-on-year to €70.0m (2022: 56.4m). The sales volume totalled €682.4m (2022: 49.2m) and mainly related to G...

Garbe Industrial Real Estate Austria has appointed Franz Kastner (39) as Managing Director.

CA Immo reports a loss of € 224.5 million for the 2023 financial year due to the revaluation of the portfolio. CA Immo reports a loss of € 224.5 million for the 2023 financial year due to the revaluation of the portfolio. Nevertheless, the company is maintaining its dividend policy and plans to pay out a dividend of €0.80 pe...

Immofinanz is taking another step in optimising its portfolio by selling two office properties in Vienna. The properties in the 20th district of Vienna have been successfully sold to an Austrian real estate investor. According to Immofinanz, the sale was above book value.

Palais Hansen, located on Vienna's Schottenring, was sold as part of a multi-million euro deal. UBM (33.57%) and Warimpex (9.88%) have sold their shares. New owner is the insurance Wiener Städtische, which now holds 100 percent.

AtlasEdge announces the completion of a key acquisition in Vienna, marking its entry into the Austrian market. The acquired site, currently part of the Siemens Campus in Vienna-Floridsdorf, houses an existing data centre, with expansion space to become a 10MW facility. The site will be technically and physically separated fro...

S Immo AG has modified its portfolio strategy. As part of this process of optimization, the Austrian company is also considering withdrawing from the Croatian and Slovakian markets.

StoneVest AG and Madison International Realty have launched a joint venture for the acquisition of light industrial and logistics properties. Over the next three years, the joint venture partners expect to acquire assets with a total value of up to €150 million.