Austrians approach a real estate portfolio of 1bn euros

Austrian investment funds remain being the most active players on the local real estate market, where they achieved a portfolio of 900 million-euros, according to real estate consulting company Colliers. Besides the Austrians, the British are among the most dynamic investors involved in the local real estate sector, with U.K. investors’ portfolios’ including many medium-sized properties, totalling a value of approximately 400 million euros, according to the same source. “The Austrians get involved in most of the big transactions on the market, whereas the British are aggressive, while at the same time flexible, being more likely to get involved in smaller transactions,” believes Silviana Badea, Investment Consultant with Colliers. The biggest transaction conducted on the local market had as buyer Immoeast – the most active investment fund present in Romania. The 210 million-euro deal that was sealed (for the Polus Center in Cluj), accounted for almost a quarter of the whole portfolio of the Austrian investors.