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Holger Schmidtmayr – Member of the Board of Directors of Sparkassen Immobilien, Responsible for the Company CEE Portfolio, in an Exclusive Interview for Property Xpress


Sofia, Bulgaria (11 January, 2007, Property Xpress) – “Yields are only one of the factors determining our investment decisions” Holger Schmidtmayr from Sparkassen Immobilien AG (Austria) reveals in the interview, published at - the new information service covering Emerging European real estate markets.

Why Sparkassen are different from the other Austrian real estate investment and development companies active in Southeastern Europe and which are the factors determining their investment decisions? Why, regardless of the fact that they are a substance investor, in the SEE markets they would rather go into development? Why Sparkassen always aims at holding a controlling stake in the companies they acquire?
How the company will benefit from the expansion of Erste Bank in Ukraine and what scheme it will use in order to secure the financing of its projects in the country?

These are only a few of the issues which Holder Schmidtmayr talks about in this interview. You will also find out: Is the company going to enter Serbia, when and in which segments? Which are the most attractive asset types and regions in the country? Why there isn’t any point in buying ready properties in Bucharest? Which market will stay hot for many years to come? How the lack of appropriate town planning and zoning in SEE can prove rather helpful for real estate investors and developers?

The Sparkassen‘s well-balanced portfolio currently contains 75 properties in Austria, Germany, the Czech Republic, Hungary, Slovakia and Romania with total lettable space of 802,700 sq. m. The company plans to gradually extend its portfolio expanding into the Bulgarian, Slovenian and Ukrainian markets.

About Property Xpress:
Property Xpress is a daily updated electronic publication designed to facilitate the search for reliable and relevant information on the real estate markets in Southeastern Europe and Ukraie.

INTERVIEWS: Property Xpress invites for interviews well-known professionals and investors - both international and local. The personal experience of the people who have been operating in this sector and region for years and the review of their current and future projects are the pillar of the service.

GEOGRAPHICAL COVERAGE: Property Xpress covers Romania, Bulgaria, Serbia, Montenegro, Ukraine and Moldova. Other emerging markets are to be added soon.


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