ERSTE RESPONSIBLE IMMOBILIENFONDS
Investing in tranches

For the new ERSTE RESPONSIBLE IMMOBILIENFONDS only properties that meet environmental, social and economic criteria are purchased. The search for suitable properties takes time. For this reason, fund units are only issued in stages - in so-called tranches. 

2. Tranche 30 mio. euros (as per 09/12/2017)

Investors can subscribe to fund units until the predefined tranche of a certain volume has been sold in full. In order to meet the redemption requirements of investors, the real estate fund holds cash in the amount of at least 10% of the fund volume in accordance with the Real Estate Investment Funds Act. 

Fund units can be redeemed as necessary.

New tranches are issued as soon as new properties are purchased. There is no exact date for the issue of further share certificates or information about the volume of the next tranche at this time.

Risks to consider:

  • Real estate values may fall and have a negative effect on fund performance.
  • Tenants may vacate, and properties or parts of properties may stay empty, wich can result in lower income as well as the suspension of dividend payments.
  • Investing in real estate funds may result in a capital loss.
  • The issue and redemption of shares may be suspended in exceptional circumstances.
  • The recommended holding period is at least 5 years.

Important legal information

This document is an advertisement. All data is sourced from ERSTE Immobilien Kapitalanlagegesellschaft m.b.H. unless indicated otherwise. Our languages of communication are German and English.

The “fund prospectus Information for Investors pursuant to § 21 AIFMG” (fund prospectus) and the simplified prospectus are prepared by ERSTE Immobilien KAG and published in “Amtsblatt zur Wiener Zeitung” in accordance with the provisions of the Alternative Investment Funds Manager Act (Alternative Investment Funds Manager-Gesetz, AIFMG, Federal Law Gazette No. 135/2013)  in connection with the Real Estate Investment Fund Act (Immobilien-Investmentfondsgesetz/ImmoInvFG) Federal Law Gazette BGBI No.80/2003 in the currently amended version.

The fund prospectus and the simplified prospectus can be viewed in their latest versions at the web site www.ersteimmobilien.at or obtained in their latest versions free of charge from the domicile of the ERSTE Immobilien KAG (management company) and the domicile of the Erste Group Bank AG (custodian bank). The exact date of the most recent publication of the fund prospectus and simplified prospectus, the languages in which the documents are available, and any additional locations where the documents can be obtained can be viewed on the web site www.ersteimmobilien.at.

This document serves as additional information for our investors and is based on the knowledge of the staff responsible for preparing it at the time of preparation. Our analyses and conclusions are general in nature and do not take into account the individual needs of our investors in terms of earnings, taxation and risk appetite. Past performance is not a reliable indicator of the future performance of a fund. Please note that investments entail risks in addition to the opportunities presented there. Errors and misprints excepted.

ERSTE Immobilien Kapitalanlagegesellschaft, Am Belvedere 1, 1100  Vienna