ERSTE Immobilien Kapitalanlagegesellschaft m.b.H. was established in 2007. The business of ERSTE Immobilien KAG is directed by Franz Gschiegl and Peter Karl (CEO). The company has a concession according to the Alternative Investment Funds Manager Act (AIFMG) and the Austrian Real Estate Investment Fund Act (Immobilien-Investmentfondsgesetz/ImmoInvFG).
It stands for the development, issue and management of profitable, sound real estate investments. The ERSTE IMMOBILIENFONDS and the ERSTE RESPONSIBLE IMMOBILIENFONDS enables interested investors to invest large or small amounts in real estate and to profit from the earnings generated by these properties. The funds had been set up in accordance with the Austrian Real Estate Investment Fund Act (ImmoInvFG) that went into force on 1 September 2003.
Group Know-How and Strategic Partnerships Combined
ERSTE Immobilien Kapitalanlagegesellschaft m.b.H. is owned by Erste Asset Management GmbH. Additional shareholders are S Immo AG and Wiener Städtische Versicherung AG / Vienna Insurance Group. By combining the expertise of these shareholders, the company is in an ideal position to leverage their experience, knowledge and technical understanding of the real estate market and the investment market.