Focal points of investment offensive
What are the focal points of your current investment offensive?
Petrikovics: Our activities in the coming year will certainly lead to a clear internationalisation of the portfolio, and the share of letable space in Austria should decline to roughly 45%. We will work to steadily reduce the very high residential component of our holdings in Austria through the sale of apartment buildings and selective acquisitions in the office and retail sectors. In Central and Eastern Europe, on the other hand, projects in the residential sector will increase, as will our activities in the retail and logistics areas. That will further reduce the share of office properties, which dominated in 2005/06. In the west, and especially in Germany, we will make selective purchases in cities where prices are still favourable. We will also continue to monitor the announced widespread privatisation of federal properties very closely, since this could create a number of interesting opportunities.
Above all, our long-term strategy also includes an increased focus on property-related service branches. We have had excellent experience for many years with our WIPARK subsidiary, one of the leading garage operators in Austria. In addition, we acquired a stake in SelfStorage, the leading provider of private warehouse space, at the end of 2005. Here we see good possibilities to generate additional earnings.
Petrikovics: Our activities in the coming year will certainly lead to a clear internationalisation of the portfolio, and the share of letable space in Austria should decline to roughly 45%. We will work to steadily reduce the very high residential component of our holdings in Austria through the sale of apartment buildings and selective acquisitions in the office and retail sectors. In Central and Eastern Europe, on the other hand, projects in the residential sector will increase, as will our activities in the retail and logistics areas. That will further reduce the share of office properties, which dominated in 2005/06. In the west, and especially in Germany, we will make selective purchases in cities where prices are still favourable. We will also continue to monitor the announced widespread privatisation of federal properties very closely, since this could create a number of interesting opportunities.
Above all, our long-term strategy also includes an increased focus on property-related service branches. We have had excellent experience for many years with our WIPARK subsidiary, one of the leading garage operators in Austria. In addition, we acquired a stake in SelfStorage, the leading provider of private warehouse space, at the end of 2005. Here we see good possibilities to generate additional earnings.
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