{"id":1003822381,"date":"2008-06-30T12:00:00","date_gmt":"2008-06-30T20:00:00","guid":{"rendered":"https:\/\/64.70.41.235\/2008\/06\/30\/pair-of-austrian-developers-acquire-constantias-real-estate-unit-for-695m\/"},"modified":"2022-12-05T12:35:23","modified_gmt":"2022-12-05T20:35:23","slug":"pair-of-austrian-developers-acquire-constantias-real-estate-unit-for-695m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pair-of-austrian-developers-acquire-constantias-real-estate-unit-for-695m\/","title":{"rendered":"Pair of Austrian Developers Acquire Constantia&#8217;s Real Estate Unit for $695M"},"content":{"rendered":"<p>Two large Austrian developers, Immofinanz AG and Immoeast AG, announced today that they have agreed to buy Constantia Privatbank AG real estate unit for $695 million.  The two developers are creating a jointly held new company, I&amp;I Real Estate Asset Management AG, with Constantia Privatbanks\u2019 real estate division to be incorporated into this new company. Constantia\u2019s business units include an asset management platform; an open-ended real estate fund with investments in Germany and Austria; a property and facility management arm; and a brokerage company. When the transaction is completed, Immoeast will acquire 60 percent of the shares in the new venture, with Immofinanz owning 40 percent.  \u201cUpon conclusion of the acquisition, Immofinanz and Immoeast will cover the entire real estate value chain by means of their own real estate investments and services provided by their subsidiary I&amp;I Real Estate Management AG,\u201d the two companies said in a joint statement released today.To Blog and Comment Click Here<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two large Austrian developers, Immofinanz AG and Immoeast AG, announced today that they have agreed to buy Constantia Privatbank AG real estate unit for $695 million. The two developers are creating a jointly held new company, I&amp;I Real Estate Asset Management AG, with Constantia Privatbanks\u2019 real estate division to be incorporated into this new company.&hellip;<\/p>\n","protected":false},"author":1314,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1003822381","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Pair of Austrian Developers Acquire Constantia&#039;s Real Estate Unit for $695M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/pair-of-austrian-developers-acquire-constantias-real-estate-unit-for-695m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pair of Austrian Developers Acquire Constantia&#039;s Real Estate Unit for $695M\" \/>\n<meta property=\"og:description\" content=\"Two large Austrian developers, Immofinanz AG and Immoeast AG, announced today that they have agreed to buy Constantia Privatbank AG real estate unit for $695 million. The two developers are creating a jointly held new company, I&amp;I Real Estate Asset Management AG, with Constantia Privatbanks\u2019 real estate division to be incorporated into this new company.&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pair-of-austrian-developers-acquire-constantias-real-estate-unit-for-695m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2008-06-30T20:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T20:35:23+00:00\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pair-of-austrian-developers-acquire-constantias-real-estate-unit-for-695m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pair-of-austrian-developers-acquire-constantias-real-estate-unit-for-695m\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1d2a393e4a57d6d45707374e94ab4fef\"},\"headline\":\"Pair of Austrian Developers Acquire Constantia&#8217;s Real Estate Unit for $695M\",\"datePublished\":\"2008-06-30T20:00:00+00:00\",\"dateModified\":\"2022-12-05T20:35:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pair-of-austrian-developers-acquire-constantias-real-estate-unit-for-695m\\\/\"},\"wordCount\":171,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pair-of-austrian-developers-acquire-constantias-real-estate-unit-for-695m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pair-of-austrian-developers-acquire-constantias-real-estate-unit-for-695m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pair-of-austrian-developers-acquire-constantias-real-estate-unit-for-695m\\\/\",\"name\":\"Pair of Austrian Developers Acquire Constantia's Real Estate Unit for $695M - 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