ERSTE IMMOBILIENFONDS

ERSTE IMMOBILIENFONDS - Investment without going through the stock exchange


The ERSTE IMMOBILIENFONDS is an open-ended real estate fund as defined in the Austrian Real Estate Investment Fund Act (ImmoInvFG) and an Alternative Investment Fund (AIF) according to the Alternative Investment Funds Manager Act (AIFMG).

The ERSTE IMMOBILIENFONDS enables interested investors to make small or large investments in Austrian and German real estate.  Unlike for real estate stocks, the price for retail funds is not dictated by developments on the stock exchange, but reflects the value of the properties held in the fund's portfolio. This means that you can buy and also sell your shares in the fund regardless of the supply and demand on the stock exchange.


Investmentstrategy

The ERSTE IMMOBILIENFONDS concentrates on  residential properties and also offices and shops. The individual properties are selected on the basis of their ability to generate sustainable. The fund's regional focus is on Austria and Germany.

The ERSTE IMMOBILIENFONDS allows you to profit from the earnings potential of real estate. 


The ERSTE IMMOBILIENFONDS at a glance

  • Investment in tangible assets (land). 
  • Performance regardless of stock exchange developments.
  • The fund is a solid addition to existing portfolios and provides an opportunity for long-term asset building.
  • Until 31.12.2018 no " foreign capital gains tax" for investors with limited tax liability, from 01.01.2019 the fund is subject to the "foreign capital gains tax".
  • 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.

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