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CA Immo

Oliver Schumy - Immofinanz

Mayr Melnhof - Karton AG

After much to-ing and fro-ing, and several rebuffed attempts, US private equity investor Starwood finally succeeded in buying a big piece of listed Austrian property investor CA Immo, when fellow listed Austrian player Immofinanz agreed to sell... Read more

Investment

Oliver Schumy - Immofinanz

Mayr Melnhof - Karton AG

Shareholders of listed real estate businesses CA Immo and Immofinanz have rejected approaches from Starwood Capital to take stakes in both companies, taking the view that a more lucrative deal will be available elsewhere. Read more

Companies

Frankfurt

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Austrian property group CA Immo has rejected a partial takeover offer by US investment firm Starwood Capital Group, it said last week. Read more

Companies

IMMOFINANZ AG

IMMOFINANZ AG

US property investment group Starwood Capital made offers to buy minority stakes in listed Austrian property companies Immofinanz and CA Immo as part of its plan to enter markets in Central and Eastern Europe... Read more

Investment

Wien

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Austria is on track for another bumper year, following a record year of investment in 2017, Dr. Martin Sabelko, managing director of Warburg-HIH Invest Real Estate Austria, told REFIRE this month. Read more

Markets

Oliver Schumy - Immofinanz

Mayr Melnhof - Karton AG

An affiliate of US private equity firm Starwood Capital Group has made a bid to acquire up to 26% of Austrian property company CA Immobilien as well as a smaller stake in its rival Immofinanz, it announced on 22 March... Read more

Investment

Tower 185

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German fund manager Deka Immobilien has acquired the landmark Tower 185 office skyscraper in Frankfurt for around €775m, in one of the single biggest deals of the year. Read more

Investment

Oliver Schumy - Immofinanz

Mayr Melnhof - Karton AG

Austrian listed property group Immofinanz has finally closed the sale of its Russian retail portfolio to Russia's Fort Group for around €900m, completing its exit from the russian market, as has long been its stated corporate strategy. The move... Read more

Companies

Charles Kingston - REFIRE

REFIRE

This was the week that a shaken Angela Merkel told her fellow citizens in a Munich beer hall that the EU must now be prepared to look after itself, and cast aside any expectations of solidarity with erstwhile partners the UK and the US. Read more

Opinion

Tower 185

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Austrian property group CA Immo is gearing up to put Tower 185 in Frankfurt on the market next month for around €800m, in what is expected to be one of the biggest single office sales in German history, according to those who track the market. Read more

Companies

Potsdamer Platz - Berlin

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There is likely to be little let-up in the demand for office space in Berlin over the next three years as the number of office employees is set to surge over the period, according to a new report on the sector in the capital. Read more

Markets

Merger

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A year after the last, acrimonious, and ultimately unsuccessful attempt to merge their two companies, the two Austrian listed heavyweights CA Immo and Immofinanz have now agreed in principle to work towards a merger. If all goes according to plan... Read more

Companies

Guido Schütte - CA Immo

CA Immo

UK private equity group Benson Elliot has acquired a 2.5 hectare mixed-use site in central Berlin, fronting the Spandauer Schifffahrtskanal, from listed Austrian property company CA Immo. The off-market acquisition in Europacity – Berlin's largest... Read more

Investment

Oliver Schumy - Immofinanz

Mayr Melnhof - Karton AG

Listed Austrian property group Immofinanz announced last month a major shift in its strategy in a bid to refocus its business after a turbulent period which saw its share price savaged, its Russian business battered by economic sanctions and the... Read more

Companies

Frankfurt am Main

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Investment in project developments planned between 2012-2019 in the top seven German cities has grown by 12% from last year to €112bn buoyed by rising rents, prices and larger space volumes, says Berlin-based research firm bulwiengesa. Read more

Markets

Ettenauer - CA Immo

CA Immo

Not surprisingly, given its recent track record of almost unremitting sales and disposals to pay down what was beginning to look like a crushing debt burden, Austrian listed real estate company CA Immo saw the first quarter’s net profit tumbling... Read more

Companies

Hessisches Ministerium für Wirtschaft, Verkehr und Landesentwicklung

CA Immo

We reported some months ago in REFIRE that the Augsburg-based listed property investor Patrizia Immobilien AG came up short of their projected full-year figures, as one of their major deals had yet to be inked. The group had to revise its profit... Read more

Companies

CA Immo Kontorhaus München

CA Immo

Listed Austrian investor and developer CA Immo said that its recent spate of heavy disposals, primarily in Germany, have helped it to improve its equity ratio from 31% in 2012 to 40% at the beginning of 2014. Last year the group sold a quarter of... Read more

Investment

Tower 185

© Fotolyse - Fotolia.com

It almost feels like REFIRE has checked in at the reception of Frankfurt’s largest office building, Tower 185 at the entrance to the Europaviertel district, so often in the last six months for one meeting or another that we almost expect to be... Read more

Companies

Vienna-listed CA Immo has embarked on a major refocusing of its business, which it calls “redimensioning” and which is expected to last for at least two years. The new strategy involves hefty reductions in assets and staff, designed to boost... Read more

Companies