Real Invest Austria Sees “Strong Growth”
Real Invest Austria, a subsidiary of Bank Austria, has over € 1.7bn under management. Outlook for 2012: Further expansion of real estate assets planned.
Real Invest Austria, continued the positive trend from past years in 2011. The flagship of Bank Austria Real Invest bought properties worth roughly € 400m and saw around € 230m in net capital inflow last year. As of the end of December, the fund had over € 1.7bn under management. In total, Real Invest Austria purchased 19 new properties in 2011.
According to Gerhard Dreyer, spokesman for Bank Austria Real Invest’s management, “As a conservative product for private investors, Real Invest Austria is known for its active and professional fund management. We attach great importance to maintaining a well diversified portfolio with a clear focus on Austrian properties with stable values in the residential and infrastructure segments. We are particularly proud of the great confidence that investors have placed in us for years.”
At the turn of the year, Real Invest Austria increased its real estate assets. Following the purchase of new residential properties, the portfolio now contains real estate assets worth a total of over € 1.6bn . Six residential properties were purchased in Vienna’s 2nd, 15th, 17th and 22nd districts.
Bank Austria Real Invest is planning to expand its real estate assets further this year. The funds are currently invested in 97 properties, all of which are located in Austria. The fund has delivered steady performance, with a gain of 4 per cent in 2011. “We are very confident about 2012. Our aim is to maintain a high level of investment in real estate while continuing with the selected conservative investment strategy. In addition, we will focus mainly on the security and long-term earnings of purchased properties in the future as well,” concluded Dreyer.
Real Invest Austria invests solely in Austrian real estate. Roughly 60 per cent of the fund’s assets are made up of residential properties and infrastructure such as universities, schools, healthcare facilities and daycare centres. Bank Austria Real Invest is a real estate fund subsidiary of Bank Austria, a member of UniCredit Group.