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Immofinanz

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... 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. 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. 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... 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. 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... 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... more

Companies

Investments

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German listed residential property owner Deutsche Wohnen has announced plans to issue €800m of convertible bonds. more

Investment

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... more

Companies

Martin Mörl - Prelios

Prelios Immobilien Management GmbH

Listed Italian real estate firm Prelios is preparing to launch its first German fund, a closed end Luxembourg vehicle focused on core-plus retail investments. It is looking to raise €280m from German and international institutional investors... 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... more

Companies

Peter Barkow - Barkow Consulting

Barkow Consulting GmbH

2014 was the year to be in German real estate stocks, while the Spezialfonds vehicle also had a superb year seeing hefty capital inflows.However, the open-ended and closed-ended funds sector had a much tougher time of it, a new study by capital... more

Markets

Eduard Zehetner

IMMOFINANZ AG

Listed Austrian commercial property developer Immofinanz is continuing its steady withdrawal from all non-core markets as part of its stated strategic plan of selling off €500m to €600m annually in assets over a five-year period. The company plans... more

Companies

Immofinanz - Zehetner, Riedl

IMMOFINANZ AG

The shareholders in listred Austrian property group Immofinanz gave the green light earlier this month for management to clear the way for the spin-off of the group’s residential subsidiary Buwog. Shareholders will receive one share in the newly... more

Investment

Bull and Bear

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It’s been the biggest deal of the year so far in Germany, although at least two others are vying to take over that mantle – which we at REFIRE thought might even been concluded before the start of January this year, but no. First out of the... more

Investment

Johannes Meran CEO

Andi Bruckner

Viennna-listed Conwert Immobilien is another Austrian company which, like Immofinanz (see elsewhere in this issue), is hungry for German residential portfolios to add to its burgeoning German holdings. Its latest acquisition is a portfolio of... more

Markets

BUWOG Zentrale

BUWOG - Bauen und Wohnen Gesellschaft mbH

Listed Austrian real estate company Immofinanz has pulled the planned public listing of its residential property subsidiary Buwog, citing the uncertain market environment. The IPO was scheduled for November of this year, and Immofinanz has taken... more

Companies

The Düsseldorf-based residential property group LEG is making preparations for its planned IPO early next year, and has now mandated Goldman Sachs and Deutsche Bank as its principal lead managers. more

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