ERSTE RESPONSIBLE IMMOBILIENFONDS

Investing in tranches

For the ERSTE RESPONSIBLE IMMOBILIENFONDS only properties are purchased that meet certain criteria. The fund was awarded The Austrian Ecolabel. The prerequisite for this is complying with the climate-active basic or mandatory criteria for buildings. In addition to these criteria, ERSTE Immobilien KAG has created its own sustainability catalogue. Environmental, social and economic criteria form the basis for making decisions about investing in the fund’s real estate investments. The search for suitable properties takes time. For this reason, fund units are only issued in stages - in so-called tranches. 

Currently the fund is sold out in full

Current tranche 50 mio. euros (as per 01/10/2021)

Issue of new tranches

Shares in ERSTE RESPONSIBLE IMMOBILIENFONDS can only be purchased as part of a previously specified volume of capital (tranche). With this measure, the inflow of funds is actively controlled. Because too much liquidity (= money not invested in real estate) has an impact on the fund's performance due to the low interest rate level.

Tranches available: 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.

Tranches not available: Until further notice, no new unit certificates will be issued.

Return at any time

The return of unit certificates is still possible at the daily calculated value. Investors can sell fund units currently at any time.

In accordance with the Real Estate Investment Fund Act, the real estate fund holds liquid funds of at least 10% of the fund's assets in order to meet the return requests of investors.

An investment in real estate or real estate funds should generally be seen as a long-term investment, which is why we recommend a holding period of at least 3 years.

Your benefits: 

  • 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).

 

The risks: 

  • 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.

 

Everything you need to know


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