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REAL ESTATE
Structure
The real estate segment is managed by Europolis.
In less than seven years it has become one of the
three market leaders in com-
TAKING ADVANTAGE OF THE mercial real estate in the CEE
GROWTH MARKET IN CENTRAL
region. The European Bank for
AND EASTERN EUROPE
Reconstruction and Development
(EBRD) in London and –
since January 2005 – the German real estate fund
management company DIFA in Hamburg participate
in the Europolis portfolios. They are managed
“In September 2004, under the terms of a forward
purchase agreement, Europolis acquired the
CEFIN LOGISTICS PARK from CEFIN REAL ESTATE
ROMANIA SRL at a value of up to EUR 75 m.
Investkredit Bank AG structured the senior debt
financing for this acquisition and managed the
entire underwriting of the complete amount of
EUR 56 m. A substantial part of our success
depends on quick action and the absolute reliability
of our commitments. Both are made easier
through our co-operation with Investkredit.”
“Europolis is responsible for building up another
real estate portfolio (E2) of EUR 1 bn in the region
of Central, South-Eastern and Eastern Europe.
Investkredit Bank AG and the European Bank for
Reconstruction and Development (EBRD) have
made EUR 300 m of own funds available for this.
Investkredit Bank AG’s contribution is EUR 225 m,
the other EUR 75 m are coming from
the EBRD. These additional own funds
in the E2 portfolio will enable us to
pursue our dynamic growth in Central
Europe.”
Bernhard Mayer
Chairman of the Board of Management
Europolis Real Estate Asset Management GmbH
by Europolis Real Estate Asset Management GmbH
in Vienna and its subsidiaries in Prague, Warsaw
and Budapest. As at year-end 2004, the Europolis
companies had 33 employees or 7% of the
Investkredit Group. Besides the management companies,
the real estate segment includes seven
Austrian holding companies – all indirectly owned
by Investkredit Bank AG – and 38 more companies.
Business approach
SEGMENT REPORTING / REAL ESTATE
In the year under review, Europolis further
expanded the real estate segment. Owing to the
high level of investment in
recent years, DTZ Research con- LARGEST INVESTOR IN
OFFICE BUILDINGS IN CENTRAL
siders Europolis to be one of
AND EASTERN EUROPE
the three market leaders for
investment in this region,
based on the total volume invested. In office properties,
Europolis is number one.
The Europolis Group has specialised in four fields
of business:
> real estate project developments
> forward purchase agreements
> real estate investments and
> real estate asset management
It concentrates on office buildings, shopping and
logistics centres. Projects are always selected on
the basis of their long-term
secured income. That is why CONCENTRATING ON
FOUR FIELDS OF BUSINESS
attention is paid to quality of
location, quality of the buildings,
creditworthiness of the tenants and the longterm
contractual safeguarding of the rental payments.
All of the projects conform to international
investment standards.
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