Real Estate

Real Estate comprises those customers whose cash flow is largely generated from the letting or sale of real estate. In its core markets of Austria and CEE, BA-CA is the market leader for real estate investors and commercial and non-profit-making property developers. We received the “Award for Excellence in International Real Estate in Austria” from the British financial magazine Euromoney again in 2006. In Austria the real estate financing portfolio totalled around € 9 bn, in CEE it is almost € 4 bn.

The volume of subsidised real estate finance, refinanced mainly via BA-CA Wohnbaubank, continued to grow. The total issue volume of BA-CA Wohnbaubank increased in 2006 by 9% to € 3.8 bn and enabled the co-financing of about 80,000 residential units.

BA-CA Real Invest, our centre of excellence for investment in real estate, is one of the leading real estate managers in Austria and CEE. In addition to the further growth of Real Invest Austria, Austria’s largest open-end real estate fund (accumulated total placements in 2006: € 556 m), a package of seven commercial properties from closed-end real estate investments in Prague and Warsaw was sold around the turn of the year achieving an excellent return for the investors.