"When searching for future boom markets, new boom countries are not necessarily what one should look for".

Karl Petrikovics

It is not a secret that Immoeast has cemented its clout as one of the most powerful investors in SEE and the company’s allocations are increasing virtually by the day, especially as far as Romania is concerned. Having accomplished impressive strides in the implementation of its 6 bln investment program, Immoeast keeps on progressing.

Property Xpress asked Karl Petrikovics, CEO of Immofinanz and its subsidiary Immoeast, several questions about the company’s investment strategy and plans as well as the development of the SEE real estate markets.

Was it too great a challenge to focus on the Central and Southeastern European markets in 1999? Are yields the only factor in play when speaking about real estate deals? How broad is the yield gap between Romania and CEE, between Bulgaria and CEE, and between the non- EU SEE countries and CEE and when will this yield gap vanish? Which are the next most attractive real estate markets in the region not only in terms of countries but also of niches? Are there overpriced real estate assets in SEE and will this produce a sustainable effect on the property markets in this part of Europe? Is Immoeast considering the sale of assets on a large scale? On which real estate segments is the company concentrating with regard to Bulgaria, Romania, Serbia and Ukraine? How will Immoest’s allocations be distributed by sectors financial year 2007-2008? The insights of Dr. Petrikovics into all these intriguing issues are available in this must- read interview.

You can learn also: What is the purpose of Immoeast’s listing on the Warsaw Stock Exchange? Is the company planning to raise the number of its hotel assets? Speaking about housing commitments in SEE, for how long will return on equity of 20 pct be achievable? When will Immoeast land a retail project in Bulgaria and will it target the vacation apartments rental market in the country? How will the company co-ordinate its co-operations with both Alacor and EFG in the logistics market of Ukraine? Why Romania’s potential for retail parks development is significant? Could a rise in SEE’s commercial real estate rental levels be expected?



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