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24.02.2010

Real Invest Austria1 invests in new real estate assets

  • New properties worth around EUR140m purchased
  • Nine assets in Vienna with focus on residential property and infrastructure
  • Constant strategic optimisation of the portfolio – further transactions planned
  • Austrian properties are a solid basis for the market leader's success

Real Invest Austria, Bank Austria Real Invest's flagship and domestic market leader among open-end real estate funds, has acquired nine new properties worth around EUR140m in the course of an investment campaign in the past few weeks. Five small real estate assets were sold at attractive prices for reasons of optimisation. The value of properties held by Real Invest Austria thus amounted to around EUR951m as of 22nd February 2010. The current value of assets under management is more than EUR1.25bn.

Gerhard Dreyer, management spokesman for Bank Austria Real Invest, says "In order to provide our investors with the solid asset allocation they are used to in the long term, we have further increased the share of residential property and infrastructure in our real estate portfolio. The nine new assets correspond to our high quality standards and fit perfectly into Real Invest Austria's unique product strategy. We mainly focus on residential property with stable value and complete it with infrastructure assets such as senior citizens' centres, kindergartens and schools. Investors' constantly great interest indicates that they appreciate our conservative investment strategy."

Focus on residential property
Thanks to investments, the residential property segment in the fund was increased by around 40,000 squaremetres. The new assets are in Vienna. Seven real estate assets have their focus on residential use with subsidies. Moreover, the fund invested in a research and laboratory building at Vienna's biggest biotechnology location, the Campus Vienna Biocenter. The attractive real estate package is completed by the retirement home Tivoli in the 12th district of Vienna. The property, which is directly next to the Schönbrunn Castle grounds, excels by a huge park and the good connection to the public transport network.

Mr Dreyer: "Real Invest Austria‘s low-risk strategy of investing exclusively in Austrian properties with stable value, focusing on residential property and infrastructure, was implemented with those purchases in an optimum way. Moreover, we sold five small assets worth around EUR15m at very good prices and for the purposes of investors in the course of our constant portfolio optimisation."

Full pipeline also in 2010
Further transactions are planned to take place in the next few months. The focus will be on Austrian residential property with stable value and sustainable profit opportunities in the future as well. Moreover, the fund is constantly reviewing possibilities to further optimise the portfolio and seize sales opportunities.

Mr Dreyer: "We have made an important step into Real Invest Austria's future with the investment made most recently. We are actively and forcefully working on further measures to optimise our real estate portfolio and are thus also working on the fund's positive development."

Real Invest Austria is top
Real Invest Austria exclusively invests in Austrian property within the framework of an absolutely solid investment strategy. Residential and infrastructure properties such as schools and kindergartens with stable value account for around 60 per cent of the fund's assets. Real Invest Austria is available in a denomination of EUR10 and is the unchallenged number one in the field of open-end real estate funds with a total volume of around EUR1,25m and a market share of 61.43 per cent (Source: VÖIG as of  30th January 2010). Bank Austria Real Invest is the real estate fund specialist company of Bank Austria which belongs to UniCredit Group.

1 The complete and simplified prospectuses published for the mentioned fund are available for free in their latest versions, including any modifications made since the first announcement (20th November 2003 in the official gazette of the Wiener Zeitung), to potential buyers in electronic form on www.realinvest.at as well as at Bank Austria Real Invest Immobilien-Kapitalanlage GmbH, Lassallestraße 5, 1020 Vienna.

For further inquiries: Bank Austria Real Invest GmbH
Gerhard Dreyer, management spokesman
Tel. +43 (0)1 33171 - 75150

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