 |
|
|
| Will the IMMOFINANZ Group enter new business areas following the acquisition of Constantia Privatbank's real estate division? |
Yes. In addition to the business areas already established by Constantia Privatbank and to be acquired by IMMOFINANZ, integrating Constantia Privatbank's real estate division within the IMMOFINANZ Group also signals the entry into further profitable and rapidly growing business areas.
The most important new area will be the management of closed-ended funds for institutional investors. A disproportionately higher amount of capital is invested in such financial instruments as compared to through publicly listed companies, meaning that market potential is high in this future business area. In keeping with IMMOFINANZ Group's investment focus, funds will primarily be floated that invest in Central, Eastern and Southeastern Europe, Russia and the Ukraine.
|
|
