14.03.2013 - Improvement on the Czech commercial real estate market in sight?
Bank Austria sees anti-cyclical investment opportunities in the Czech Republic and CEE. The Czech Republic offers a low country risk and transparent real estate market. According to Reinhard Madlencnik, the head of Real Estate at Bank Austria, "Real estate investors and developers are running the risk of missing important anti-cyclical opportunities. At Bank Austria, we are ready to continue offering financing." Bank Austria's real estate segment generated around EUR 1.5 billion in new business in 2012. The goal for 2013 is to maintain this volume, if not improve it. According to Madlencnik, "UniCredit's outstanding CEE network enables us to apply our expertise in Austria and also use the local know-how of UniCredit Bank Czech Republic to provide our customers with comprehensive service.".......................................Full Article: Source