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27.01.2010

Real Invest Austria – A successful start to the new year

  • Real Invest Austria1 real estate fund has over EUR 1.2 billion under management
  • The market leader in Austria gained around EUR 400 million in new customer funds in 2009, interest still high among investors
  • Market leadership solidified thanks to unique product concept
  • Ongoing optimisation of the portfolio

Real Invest Austria, the flagship of Bank Austria Real Invest (the real estate fund specialist for Bank Austria, a member of UniCredit Group), posted an impressive performance in 2009 despite the challenging market conditions. The undisputed market leader among open-ended real estate funds managed to elude the turbulence on the financial markets and gained around EUR 400 million in new customer funds. After passing the EUR 1 billion mark in August 2009, the fund had a total of EUR 1,186 million under management at the end of the year. And interest on the part of investors remains high: As of 25 January 2010, the funds under management were already up to EUR 1,224 million. The influx of capital shows that the fund's conservative investment strategy, which is particularly attractive for small private investors, is paying off.

According to Gerhard Dreyer, the spokesman for Bank Austria Real Invest's management, "Real Invest Austria's positioning as a fund that employs a low-risk strategy investing only in Austrian properties with stable values in the residential and infrastructure segments is apparently spot on. The constant influx of capital, which averaged over EUR 1.5 million in customer funds per day in 2009, is a strong endorsement of our strategy."

Further expansion of market leadership
The market figures underscore these developments. Real Invest Austria constantly expanded its position as the number one open-ended real estate fund in Austria in 2009.

Dreyer: "We're pleased that we were once again able to win over so many investors despite the difficult conditions in 2009 and thus further solidify our market leadership. We're confident that our investment philosophy will prove to be successful again this year."

This success is a result of the fund's unique product concept and solid asset allocation. There are no other open-ended real estate funds in Austria with a comparable strategy or positioning. Real Invest Austria only invests in Austrian properties, around 60 per cent of which are residential properties with stable values and infrastructure properties such as schools, nursing homes and nursery schools. The fund's regional focus is on Vienna, where more than two thirds of the properties are located.

Ongoing earnings payments
Real Invest Austria offers risk-sensitive customers the chance to benefit from stable performance and, in the case of the dividend-paying shares, the chance to receive ongoing earnings payments. A dividend of EUR 0.28 per share (at a denomination of EUR 10) was paid out on 15 December 2009. The fund posted a stable performance of 3.23 per cent in financial year 2008/2009 (reporting date: 30 September 2009)2.

Dreyer: "We are pleased with the fund's positive performance last year and are actively working to ensure Real Invest Austria's continued success in the future by completing additional real estate transactions in order to optimise the portfolio on an ongoing basis."

1 The complete and simplified brochures of the fund mentioned in the updated version, including all changes since the first announcement (November 20, 2003, in the official journal of the Wiener Zeitung) are available free of charge in their electronic version on  www.realinvest.at as well as at Bank Austria Real Invest Immobilien-Kapitalanlage GmbH, Lassallestraße 5, A-1020 Vienna.
2 The past development of the value does not allow for reliable forecasts of the future development of the fund.

Enquiries: Bank Austria Real Invest GmbH
Gerhard Dreyer, Chairman of the Management Board
tel. +43 (0)1 33171 - 75150

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