In a developed, education-intensive and yet ageing society, the demands on public facilities are increasing. Public institutions are often no longer able to bear the cost of these changes on their own. This is where ERSTE RESPONSIBLE IMMOBILIENFONDS comes in. Ecological and social aspects are also a decisive factor for an investment on top of technical criteria and economic efficiency.
In a developed, education-intensive and yet ageing society, the demands on public facilities are increasing. Public institutions are often no longer able to bear the cost of these changes on their own. This is where ERSTE RESPONSIBLE IMMOBILIENFONDS comes in. Ecological and social aspects are also a decisive factor for an investment on top of technical criteria and economic efficiency.
Property only in Austria
Investments are made in both fully built and rented properties as well as projects. Only Austrian property is acquired, i.e. tangible assets that are located âon our doorstepâ. ERSTE RESPONSIBLE IMMOBILIENFONDS has a broadly diversified, sustainability-oriented real estate portfolio.
The fund is a gilt-edged property fund in accordance with the Austrian Property Fund Act (ImmoInvFG) and an alternative investment fund (AIF) in accordance with the Alternative Investment Fund Manager Act (AIFMG).
Investments are made in both fully built and rented properties as well as projects. Only Austrian property is acquired, i.e. tangible assets that are located “on our doorstep”. ERSTE RESPONSIBLE IMMOBILIENFONDS has a broadly diversified, sustainability-oriented real estate portfolio.
The fund is a gilt-edged property fund in accordance with the Austrian Property Fund Act (ImmoInvFG) and an alternative investment fund (AIF) in accordance with the Alternative Investment Fund Manager Act (AIFMG).
How investors benefit
You can participate with a low capital investment – with no need to go through the stock exchange. In contrast to property shares, the price of property funds is not determined by the stock exchange. The calculated value of the fund reflects the value of the acquired properties.
Investing in securities involves risks as well as opportunities.
Good environment for invested real estate funds
- Broadly diversified real estate portfolio
- Focus on sustainability driven residential buildings
- Stable markets in Austria
Risks:
- Real estate values may fall
- Investment may lead to a loss of capital Investing
- This development can result in lower income as well as the suspension of payouts
Read more about current developments and Information can be found here
Strict selection criteria
In addition to technical criteria and the profitability of a property, ecological and social aspects are also decisive for an investment. ERSTE Immobilien KAG's sustainability criteria catalogue serves as an essential basis for decision-making.
Austrian Ecolabel
ERSTE RESPONSIBLE IMMOBILIENFONDS has been awarded the Austrian Ecolabel in the “Finance Products” category. The Austrian Ecolabel is a state seal of quality for sustainable finance products that make investments according to ecological and ethical-social guidelines. In addition to the sustainability criteria of ERSTE Immobilien KAG, the fund bases its investments on at least the klimaaktiv bronze standards.
Investing in a broadly diversified real estate portfolio
Broad diversification is of central importance in order to diversify risks and to be able to seize opportunities in different areas - for example, geographically, but also in terms of the intended use of the property. Investments are made in completed and rented properties as well as in projects.
Details about the portfolio of the ERSTE RESPONSIBLE IMMOBILIENFONDS can be found here
Everything you need to know
ERSTE RESPONSIBLE IMMOBILIENFONDS
ERSTE RESPONSIBLE IMMOBILIENFONDS
ERSTE RESPONSIBLE IMMOBILIENFONDS
ERSTE RESPONSIBLE IMMOBILIENFONDS
Advantages for investors
- Investment in tangible assets (land).
- The performance is regardless of stock exchange developments.
- The real estate fund is a solid addition to existing portfolios and provides an opportunity for long-term asset building.
- The sustainably focused fund invests in the residential sector as well as in social and public infrastructure properties only in Austria.
- The investment offers protection from inflation. This is because rents are usually adjusted for inflation.
- Suitable for regular investments with small amounts of money – with the s Fonds Plan.
- The real estate fund is suitable as security coverage for Austrian pension reserves (102.00 euros per share).
- The real estate fund is suitable for the assessment of the investment-related profit allowance.
Risks to be considered
- Real estate values may fall and have a negative effect on fund performance.
- Tenants may vacate, and properties or parts of properties may stay empty.
- This development can result in lower income as well as the suspension of payouts.
- Investing in real estate funds may also result in a capital loss.
- The issue and redemption of shares may be suspended in exceptional circumstances.
- Redeeming shares is still possible at the daily calculated value. ImmoKAG may amend the fund regulations so that a minimum holding period of one year and a redemption period of a further year (in addition) apply to redeeming share certificates.
- This could increase the risk of price changes. This is because the share value may, at the time of the irrevocable declaration of redemption, fall below the cost price or below the share value during the period until the share certificates are actually redeemed.
- Amending the fund rules to introduce the minimum holding period and redemption period would not take effect until one year after publication.
- Due to legal requirements, the minimum holding period and the redemption period for all share certificate holders will come into force on 01/01/2027 at the latest.
- The recommended holding period is at least 5 years.
- Investing in real estate or real estate funds should be seen as a long-term investment.
Redemption modalities for real estate funds
Redeeming shares is still possible at the daily calculated value. The amendment to the Austrian Real Estate Investment Fund Act (ImmoInvFG) came into force from 01/01/2022. A minimum holding period (12 months) and a redemption period (12 months) will apply to Austrian real estate funds from 01/01/2027 at the latest.
The aim is to provide greater protection for investors. If a lot of investors want their money returned within a short time, this can lead to a liquidity bottleneck at the fund. With the introduction of deadlines, the fund company can plan liquidity better. If necessary, the fund management has sufficient time to sell properties at market prices to create additional liquidity. This emphasises the character of real estate funds as a long-term investment.
The law will be implemented within a transition period by 01/01/2027 at the latest. Details on the implementation are currently being co-ordinated. As soon as the modalities are clarified, comprehensive information is planned.
The main component of the amendment is the introduction of a 12-month holding period and a 12-month redemption period for Austrian real estate funds. After the minimum holding period has expired, investors may, for the first time, submit an irrevocable declaration of redemption to the depositary. Investors then receive the pay-out after the redemption period has expired. Please be aware that the redemption declaration must be made to your custodian bank and not to ERSTE Immobilien KAG.
We plan to contact you again with all the details at the end of 2025, in good time before all the deadlines actually come into effect. If you have any questions, please contact your bank advisor.
Important legal information
This document is an advertisement. Please see the prospectus of the UCITS fund or the “Information for Investors pursuant to Article 21 (AIFMG)” for the alternative investment fund and the Key Information Document before making any final investment decisions. Unless otherwise stated, the source of the data is ERSTE Immobilien Kapitalanlagegesellschaft m.b.H. The language of communication at the sales offices is German; English is also used as a language of communication at ERSTE Immobilien Kapitalanlagegesellschaft m.b.H.
The “Information for Investors pursuant to Article 21 AIFMG” is prepared for the alternative investment funds (AIF) administered by ERSTE Immobilien Kapitalanlagegesellschaft m.b.H. pursuant to the provisions of the Alternative Investment Fund Managers Act (AIFMG) in conjunction with the Real Estate Investment Fund Act (ImmoInvFG) and is published on the website at www.ersteimmobilien.at.
The latest versions of the prospectus, the “Information for Investors pursuant to Article 21 AIFMG” and the Key Information Document can be found on the website at www.ersteimmobilien.at under “Mandatory publications” and can be obtained free of charge by interested investors at the offices of ERSTE Immobilien Kapitalanlagegesellschaft m.b.H., Am Belvedere 1, 1100 Vienna and at the offices of the depositary bank, Erste Group Bank AG.
The exact date of the most recent publication of the prospectus and the “Information for Investors pursuant to Article 21 AIFMG”, the languages in which the Key Information Document is available and any other places where the documents can be obtained are stated on the website at www.ersteimmobilien.at
Note: You are about to purchase a product that may be difficult to understand. We recommend that you read the above fund documents before making an investment decision. In addition to the places listed above, you can obtain these documents free of charge at the offices of the referring Sparkassen bank and the offices of Erste Bank der oesterreichischen Sparkassen AG. You can also access these documents electronically at www.ersteimmobilien.at.
N.B.: The performance scenarios presented in the Key Information Document are based on a calculation method that is specified in an EU regulation. Future market performance cannot be accurately predicted. The performance scenarios that are shown merely present potential earnings, but are based on earnings in the recent past. Actual earnings may be lower than presented.
Our analyses and conclusions are general in nature and do not take into account the individual needs of our investors in terms of earnings, taxation, experience and knowledge, investment objective, financial position, capacity to sustain loss and risk appetite.
Please note: Past performance is not a reliable indicator of the future performance of a fund. Investments in securities entail risks in addition to the opportunities presented here. The value of shares and earnings can rise and fall. Changes in exchange rates may also have a positive or negative impact on the value of an investment. For this reason, you may get back less than the amount you originally invested when you redeem your shares.
Anyone who is interested in purchasing shares in real estate investment funds is advised to read the current fund prospectus(es) and the “Information for Investors pursuant to Article 21 AIFMG”, especially the risk notices they contain, before making an investment decision. If the fund currency is different from the investor’s home currency, changes in the relevant exchange rate can positively or negatively influence the value of the investment and the costs associated with the fund in the home currency.
We are not permitted to offer, sell, transfer or deliver this financial product directly or indirectly to natural or legal persons whose place of residence or domicile is in a country where this is legally prohibited. In this case, we may not provide any product information either.
Please see the corresponding information in the fund prospectus and the “Information for Investors pursuant to Article 21 AIFMG” for restrictions on the sale of the fund to American citizens.
It is expressly noted that this communication does not provide any investment recommendations, but only expresses our current market assessment. Therefore, this communication is not a substitute for investment advice, does not take into account the legal regulations aimed at promoting the independence of financial analyses and is not subject to a prohibition on trading following the distribution of financial analyses.
This document is not a sales activity by ERSTE Immobilien Kapitalanlagegesellschaft m.b.H., Am Belvedere 1, 1100 Vienna, and therefore may not be construed as an offer for the purchase or sale of financial or investment instruments.
ERSTE Immobilien Kapitalanlagegesellschaft m.b.H. is affiliated with the referring Sparkassen banks and Erste Bank der oesterreichischen Sparkassen AG.
Please also read the “Information about us and our securities services” published by your bank.
Errors and misprints excepted.
Imprint
Media owner and publisher: ERSTE Immobilien KAG, Am Belvedere 1, 1100 Vienna
service@ersteimmobilien.at / www.ersteimmobilien.at / Place of publication: Vienna