24. Februar 2010 
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Real Invest Austria invests in new real estate assets
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 €140m 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 €951m as of 22nd February 2010. The current value of assets under management is more than €1.25bn.
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 sq m. 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.
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.
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 sq m. 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.
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.
