Ritz Vienna at the ready

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Business

Vienna will get a Ritz next year, it was confirmed yesterday (Tues). A group of Kazakh investors signed contracts with Austrian real estate company Bauträger Austria Immobilien GmbH (BAI) in Vienna. The business partners said afterwards that a new hotel of the famous brand would open in the city in the second quarter of 2012. […]

Benko plans €65mn Lake Garda estate

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Business

A Tyrolean real estate developer intends to invest tens of millions of Euros into an estate at one of Italy’s most beautiful lakes. Rene Benko announced on Sunday he decided to spend 65 million Euros on the creation of a building complex featuring villas, terraced houses and apartments at Lake Garda. Tenants will be able […]

Signa buys Vienna’s IZD Tower

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Business

Signa Holding added another high-profile property to its portfolio this week as the real estate firm bought the IZD Tower in Vienna-Donaustadt.Signa boss Benko said yesterday (Weds) his company paid British fund Matrix 212.25 million Euros for the skyscraper located near Vienna International Centre. Matrix paid 247 million Euros when it acquired the building four […]