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01.08.2011

New investment from Real Invest Austria

  • Real Invest Austria acquires Office Campus Gasometer, phase 2
  • Investment volume of roughly EUR 75 million
  • Product mix the key to success

Real Invest Austria, the premier fund of Bank Austria Real Invest, is acquiring phase 2 of the office building Office Campus Gasometer with roughly 28,400 square metres of usable space and 436 underground parking spaces. The property is worth around EUR 75 million and offers modern office space for tenants from all industries. Office Campus Gasometer is currently leased out to international companies and respected Austrian companies.

According to Gerhard Dreyer, spokesman for Bank Austria Real Invest’s management, “A balanced asset allocation is essential in every respect. We want to offer our investors a sensible mix of residential and infrastructure properties with genuine value, and we also round out the portfolio with high-quality office properties. With the purchase of Office Campus Gasometer, we have secured a sustainable investment in this segment.”

Premium location and flexible office concepts
Office Campus Gasometer offers an excellent location in Vienna’s 11th district, with a direct connection to the metro system thanks to the U3 station Gasometer and optimal accessibility via the Südost-Tangente A23. Other noteworthy features include the innovative design of the building and the resulting flexibility in terms of office planning. The combination of an effectively planned usage concept and attractive transport connections makes Office Campus Gasometer an extremely interesting investment in one of Vienna’s up-and-coming business districts.

Real Invest Austria is number one
Real Invest Austria  invests solely in Austrian real estate selected on the basis of a rock solid investment strategy. Roughly 63 per cent of the fund’s assets are made up of residential properties and infrastructure such as schools and daycare centres, all with stable values. Real Invest Austria’s shares have a nominal value of EUR 10, and the fund is the uncontested number one among retail Austrian real estate funds with a total volume of roughly EUR 1.617 billion and a market share of 61.45 per cent (source: VÖIG as of 30 June 2011). Bank Austria Real Invest is the real estate specialist of UniCredit Group’s key Austrian subsidiary, Bank Austria.

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

Reproducible photos of Office Campus Gasometer and of Gerhard Dreyer are available  here for download. Reproduction free of charge.

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