Immofinanz: „Difficult Office Market“

Professional ServicesReal Estate ♦ Published: October 22, 2011; 12:43 ♦ (Vindobona)

Due to the weak economic growth, the Austrian real estate company already sees difficulties in the Austrian rental market for offices.

Immofinanz: „Difficult Office Market“ / Picture: © Vindobona.org

For Immofinanz´ CEO Eduard Zehetner, the current weak point is the office market. “We can invest, if the economic framework provides the right conditions.” In the coming years, Immofinanz will focus on developments. Currently, it would be rather senseless to acquire real estate objects, Zehetner states. However, the retail market promises satisfying results.

For the current…