Real Invest Austria1 continues its investment programme
- Real estate portfolio increased by around EUR 106 million
- Strategic focus on residential buildings and infrastructure
- Additional transactions planned in the months ahead
Real Invest Austria, the flagship of Bank Austria Real Invest and Austria’s number one open real estate fund, is continuing its investment programme. In recent weeks, a package of four properties worth roughly EUR 106 million was added to the fund assets. The fund volume now amounts to over EUR 1.36 billion.
According to Gerhard Dreyer, the spokesman for Bank Austria Real Invest’s management, “Sustained interest on the part of investors shows that Real Invest Austria’s unique product concept – to invest only in Austrian properties – is paying off. The four new properties in Vienna and Linz are high-quality pieces of real estate that are in line with our conservative investment philosophy. They also fit in perfectly with our solid asset allocation. These properties were purchased as part of our current investment programme and have increased the residential and infrastructure portion of Real Invest Austria’s portfolio.”
Four properties in Vienna and Linz
The two residential buildings – on Humboldgasse in Vienna’s 10th district and on Innstraße in Vienna’s 20th district – recently underwent a general renovation, and they have added roughly 8,000 square metres of residential space to the portfolio. The highlight of this attractive real estate package is the biotechnology centre on Vienna’s Muthgasse, which houses parts of the University of Natural Resources and Applied Life Sciences along with other institutions and companies. By purchasing the biotechnology centre on Muthgasse, Bank Austria Real Invest has made an investment in a forward-looking sector. The property accounts for around three fourths of the total investment sum, or just over EUR 100 million, and offers 21,000 square metres of floor space. Long-term rental contracts ensure that Real Invest Austria will receive consistent yields. The final property in this real estate quartet is Unipark Linz, a premium residential, office and commercial building with around 4,500 square metres of space, including flats, retail space and offices.
Additional transactions planned
Bank Austria Real Invest has additional transactions planned for its flagship fund in the second half of the year.
According to Dreyer, “We are currently sounding the market and are actively looking for attractive properties that fit with our conservative investment philosophy. The recent transactions are completely in line with Real Invest Austria’s investment strategy, which aims to invest only in Austrian properties. We will continue to pursue this strategy and to focus on Austrian residential properties with stable values and sustainable earnings potential.”
Real Invest Austria is the number one
Real Invest Austria pursues a stable investment strategy, investing only in Austrian properties. Residential and infrastructure properties with stable values such as schools and nurseries comprise some 60 per cent of the fund assets. Real Invest Austria is denominated in EUR 10 units, and with a total volume of around EUR 1.36 billion and a market share of 61.43 per cent (source: Association of Austrian Investment Companies [VÖIG] as of 30 June 2010), it is the undisputed market leader in the open real estate fund segment. Bank Austria Real Invest is the real estate fund specialist for Bank Austria, a member of UniCredit Group.
1 The published complete and simplified prospectuses for this fund in their currently amended versions, including all amendments since the initial publication (in the official gazette of the Wiener Zeitung on 20 November 2003), are available free of charge at www.realinvest.at and at Bank Austria Real Invest Immobilien-Kapitalanlage GmbH, Lassallestraße 5, A-1020 Vienna.
Enquiries: Bank Austria Real Invest GmbH
Gerhard Dreyer, Chairman of the Management Board, tel. 01/ 33171 ext. 75150