Partnership is being strengthened
PORR intends to subscribe for UBM hybrid capital
Vienna, / Business activities / Press Release
PORR AG intends to grant UBM Development AG hybrid capital in the amount of EUR 56.4m. Today, PORR’s Supervisory Board approved the subscription of the hybrid capital. The terms are based on the standard market conditions that UBM also offered to international investors as part of the UBM Green Hybrid Bond 2025.
By subscription of the hybrid capital, PORR and UBM also aim to strengthen their operational cooperation. The two companies have been partners for decades, a relationship from which both sides benefit in terms of optimizing their business strategies. For example, PORR not only implements numerous project developments for UBM, but UBM also distributes PORR LIVING’s projects.
Development of affordable living space
PORR CEO Karl-Heinz Strauss says: “PORR and UBM intend to collaborate more closely in the future and continue to strengthen this partnership in light of changing market conditions and as part of ongoing evaluation. UBM continues to be a strong partner in the field of development. We see significant potential, particularly in the development of affordable living space and the distribution of our PORR LIVING solution.” Under this brand, PORR builds apartments at construction costs of approximately EUR 2,000 per square meter, using prefabricated construction methods.
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