BA-CA Real Invest extends market lead
- Assets under management rise to more than EUR 740 million
- Stable performance by both open-ended property funds over the year
Both open-ended property funds of BA-CA Real Invest, the centre of competence of
Real Invest Austria invests exclusively in property in the residential, infrastructure, office and commercial segments in Austria. The fund is eligible as trustee stock and independent of the stock market. The broad diversification of its investment portfolio, long-term tenancy agreements and high credit standing of tenants ensure a stable return. At 5.3 per cent, the fund's annual performance is exceptionally high and above-average for a product in this asset class. With assets under management of EUR 660 million and property assets of EUR 643 million (as at 3 December 2007), around 97 percent of the Real Invest Austria fund is invested.
With the launch of the Real Invest Europe fund on 30 March of this year, Real Invest aims to build up a pan-European portfolio of office and retail property. Real Invest Europe is an open-ended public fund and assets under management presently stand at EUR 80 million.
Unique in the Austrian market, BA-CA Real Invest offers the right property investment to suit every need. Its main fields of business are open-ended property funds, closed-end property investments and investment properties. Special funds and specialised property services for institutional clients and profit participation certificates for residential and real estate portfolios complete the offering.
Enquiries: Bank Austria Creditanstalt Press Office Austria
Alexander Tröbinger, Tel. +43 (0) 50505 ext. 52809