Diversification
At home in all sectors
Even though growth has a special significance, the continued diversification of the property portfolio is also important. IMMOFINANZ is therefore working steadily to achieve a balance between the various property sectors that are represented in its portfolio.
For this reason, the company plans to follow the acquisition of the BUWOG and ESG federal cooperative property companies – which triggered as sharp rise in the share of residential property in the portfolio – by reducing these investments in Austria, primarily through the sale of apartment houses. IMMOFINANZ should be able to realise substantial gains on these sales because of the favourable market climate. The company will also continue to carry out selective acquisitions and/or development projects in the retail and office sectors, and in the garage business through its WIPARK subsidiary.
Activities in Central and Eastern Europe will take a slightly different direction, with a decrease in the share of office properties in favour of investments in retail and logistics objects. In the residential sector, IMMOFINANZ plans to follow an atypical strategy. Since the market for rental apartments in these countries is extremely difficult and the demand for high-quality condominiums has virtually exploded, IMMOEAST intends to develop residential construction projects for sale as condominiums. In this way, the company will be able to utilise the substantial opportunities on the housing market in Central and Eastern Europe, even if the share of residential properties in the portfolio does not increase significantly over the mid-term.
Even though growth has a special significance, the continued diversification of the property portfolio is also important. IMMOFINANZ is therefore working steadily to achieve a balance between the various property sectors that are represented in its portfolio.
For this reason, the company plans to follow the acquisition of the BUWOG and ESG federal cooperative property companies – which triggered as sharp rise in the share of residential property in the portfolio – by reducing these investments in Austria, primarily through the sale of apartment houses. IMMOFINANZ should be able to realise substantial gains on these sales because of the favourable market climate. The company will also continue to carry out selective acquisitions and/or development projects in the retail and office sectors, and in the garage business through its WIPARK subsidiary.
Activities in Central and Eastern Europe will take a slightly different direction, with a decrease in the share of office properties in favour of investments in retail and logistics objects. In the residential sector, IMMOFINANZ plans to follow an atypical strategy. Since the market for rental apartments in these countries is extremely difficult and the demand for high-quality condominiums has virtually exploded, IMMOEAST intends to develop residential construction projects for sale as condominiums. In this way, the company will be able to utilise the substantial opportunities on the housing market in Central and Eastern Europe, even if the share of residential properties in the portfolio does not increase significantly over the mid-term.
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