ERSTE IMMOBILIENFONDS

Investment in real estate

The urban population is growing. The need for living space is constantly increasing as a result. This is where the ERSTE IMMOBILIENFONDS strategy comes in. It focuses on the residential sector that’s in demand and also invests in office and commercial space.


Tangible assets “on our doorstep”

It’s all about the right mixture. The fund’s properties are not concentrated in one single location. In this regard, we clearly focus on Austria. Cities and urban areas take centre stage. The fund also makes investments in Germany (currently only in Hamburg).

There are hardly any existing properties at the right price on the property market right now (= fully completed and rented properties). This is why the fund is increasingly investing in projects.

The fund is a property fund in accordance with the Austrian Property Fund Act (ImmoInvFG) and an alternative investment fund (AIF) in accordance with the Alternative Investment Fund Manager Act (AIFMG).


How you benefit

You can participate in a property portfolio with a low capital investment – with no need to go through the stock exchange. In contrast to property shares, the price of property funds is not determined by the stock exchange. The calculated value of the fund reflects the value of the acquired properties. 

The fund allows you to invest in properties that are considered to be substantial and stable in terms of value and therefore, allows you to take advantage of their profit prospects.


Investing in tranches

Shares in ERSTE IMMOBILIENFONDS can only be purchased as part of a previously specified volume of capital (tranche). The tranche is already sold out. For this reason, no new share certificates are being issued at this time. Exceptions are already existing s Fonds Plans. Share certificates can still be returned at the daily calculated value without restrictions. There is no exact date for the issue of further share certificates or information about the volume of the next tranche at this time. Details about the tranche model can be found on the web site www.ersteimmobilien.at under “Tranche” or at your Erste Bank or Sparkasse branch.

  • Investment in tangible assets (land).
  • Performance is unrelated to stock exchange developments.
  • The fund is a solid addition to existing portfolios and provides an opportunity for long-term asset building.
  • Investment in a broadly diversified portfolio.
  • Suitable for regular investments with small amounts of money – with the s Fonds Plan.
  • Suitable as security coverage for Austrian pension reserves (103.50 euros per share).
  • Investments in accordance with the SME Promotion Act (KMU-Förderungsgesetz).

Risks to be aware of: 

  • 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. 
  • This development can result in lower income as well as the suspension of payouts.
  • Investing in real estate funds may also result in a capital loss.
  • The issue and redemption of shares may be suspended in exceptional circumstances.
  • The recommended holding period is at least 3 years. 
  • Investing in real estate or real estate funds should be seen as a long-term investment.

The ERSTE IMMOBILIENFONDS is available at ERSTE Bank and the Sparkassen savings banks.


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 key investor information document/KIID of the ERSTE Immobilien KAG are published in Amtsblatt zur Wiener Zeitung and on our web site www.ersteimmobilien.at. They are prepared 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 key investor information document/KIID 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, the languages in which the document is 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