MIPIM 2019 (24.1 MB)

Due to the high demand for apartments in Vienna, intensive construction activity is necessary.
However, the apartments must remain financially viable, because the banks require a high equity
ratio for financing.
We are optimistic about the new year since we have a number of interesting projects in the pipeline.
Our innovative architectural style gives us a decisive competitive advantage.
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Investor real estate
Roman Ascherov,
AIRA Development
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There is still a great demand, which in turn means that prices are rising. However, you have to be
careful not to overvalue the properties to avoid the risk of a real estate bubble.
As property developers, we are called upon to build affordable apartments. In Austria, residential
property is still affordable by international standards. Due to low interest rates, it is still attractive to
invest in real estate.
The digitization or connecting of new building technology systems. The consolidation of economic
areas is also an issue as well as innovative construction.
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We want to continue building "affordable" housing, which also means remaining close to our customers.
Personal contact with the customers is very important to us because trust and credibility
are decisive factors here. Our goal is also a continued healthy growth of our company.
In principle, I assume that the general conditions will be similar to those of recent years. The
low interest rate environment and pressure to invest make me feel positive that 2019 will
also be a good investment year. On the other hand, the amendment to the building regulation
will continue to generate much discussion in the coming years and planned project
developments will have to be revised.
We continue to see strong demand for investments in all asset classes - in contrast to that, supply
in most asset classes in the core area is very limited. We assume that housing will continue to gain
a share in the market. There is currently a demand for many residential construction projects in the
pipeline from institutional investors as well.
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Although we have seen a levelling-out of yield developments in the last 12 to 18 months -
investors are becoming more cautious, an end to the cycle is not really in sight. The latest
developments in core office real estate show that it is difficult to forecast top yields or top pric-
Amendment to the building regulations with the 2/3 regulation regarding subsidised residential
construction, e-commerce vs. stationary retail, e-commerce and the requirements for
logistics properties (City Logistics, last-mile-delivery).
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Thomas Belina,
Colliers International
We are currently working on numerous exciting projects in various areas - we are therefore
very confident that the current year will also be very positive for Colliers International in Austria.
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MIPIM 2019
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