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28.12.2010

Real Invest Austria1 acquires three properties totalling EUR 90 million

  • Two residential and infrastructure properties in Vienna’s Handelskai
  • A commercial and office property in Mariahilfer Strasse
  • Useful area totalling about 55,000 square metres
  • Perfect match for Real Invest Austria’s well-balanced asset allocation
  • Plans for further transactions

Real Invest Austria, market leader among open-end real estate investment funds in Austria, has added three properties worth about EUR 90 million to its portfolio: a commercial and office property in Mariahilfer Strasse in Vienna’s 7th district, and two mixed-use properties located in Vienna’s Handelskai. All of the properties newly acquired by the fund generate stable rental revenue, with a positive effect on the performance of Real Invest Austria.

Gerhard Dreyer, Chairman of the Management Board of Bank Austria Real Invest: "The new acquisitions reflect our conservative investment strategy, which is aimed at exclusively investing in high-quality properties in Austria with a focus on residential use and infrastructure facilities. Sustained investor interest with constant fund inflows encourages us to continue to pursue this strategy in the future."

Commercial and office buildings in attractive locations
One of the three new properties is located in Mariahilfer Strasse, a busy shopping street in Vienna’s 7th district. Constructed in 2000 with some 6,500 square metres in floor space, the commercial and office building is occupied by shops of well-known retailers and modern office rooms extending over eight storeys. A prominent feature of the property is its façade, which is characterised by an impressive glass portal. The property includes a grass-covered courtyard and is easily accessible by public transport (U3) and by car.

Two properties combining residential use and infrastructure
The two properties in Handelskai in Vienna’s 20th district have a total floor space of close to 49,000 square metres housing almost 500 apartments, a student hostel, two day nurseries and a shop. Close proximity to Vienna’s Millennium City and excellent infrastructure facilities, together with easy accessibility, are additional attractive features of the two properties. 

"These three properties perfectly match the rest of Real Invest Austria’s portfolio, which is of high quality and easy to let on a long-term basis. We will continue our investment activities over the next weeks and months and acquire similar properties," says Gerhard Dreyer referring to plans for the near future.

Real Invest Austria holds a leading position
Real Invest Austria pursues a sound investment strategy, investing solely in Austrian real estate. Residential and infrastructure properties of stable value such as schools and kindergartens account for some 60 per cent of the fund assets. Real Invest Austria units are denominated in EUR 10. With a total volume of currently about EUR 1.49 billion (as at 23 December 2010) and a 62.42 per cent market share (source: VÖIG, as at 30 November 2010), it is the undisputed number one among open-end real estate investment funds in Austria. Bank Austria Real Invest is the real estate fund specialist of Bank Austria, a member of UniCredit Group.


Enquiries: Bank Austria Real Invest GmbH
Gerhard Dreyer, Chairman of the Management Board, tel. 01/ 33171 ext. 75150

1 The published complete and condensed prospectuses of the fund mentioned above as amended from time to time, including all amendments since initial publication (20 November 2003 in the Official Gazette of Wiener Zeitung), are available to interested readers free of charge in an electronic format on www.realinvest.at and at Bank Austria Real Invest Immobilien-Kapitalanlage GmbH, Lassallestrasse 5,
A-1020 Vienna, Austria.

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