Business Breakfast: Investing in Real Estate CBRE and TPA invited to an talk by experts
Vienna, 27th June 2019. Real estate investments are attractive and have enjoyed strong demand for years. “Above all institutional investors use property investments as a strategic tool. We are observing keen interest, however the appropriate products are not always on the market – particularly in Austria”, commented Georg Fichtinger, Head of Investment Properties at CBRE Austria, on the occasion of today’s Business Breakfast organised by TPA and CBRE.
Rapid change of real estate markets in CEE/SEE
Since the financial crisis the real estate markets in the CEE and SEE region have experienced rapid development and change and are attracting interest from more and more investors. “Before one invests in these markets, one should certainly take a close look at the local circumstances – above all at the tax law framework”, advised Gerald Kerbl, Tax Adviser and Partner at TPA.
In the course of the Business Breakfast the TPA experts provided information about the current economic and legal conditions regarding tax for real estate investments in the CEE /SEE region.
Forecasts: Potential & exciting Investment options
After an introduction to the Austrian real estate market by Georg Fichtinger, Martin Ofner, Head of Research at CBRE, presented the current facts and figures on the real estate markets in CEE and SEE: “Our forecasts for the next few years lead us to expect more attractive returns again in individual CEE markets. We see potential and exciting investment products for international investors in countries within the CEE and SEE region”.
Around 40 guests accepted the invitation from CBRE and TPA to join today’s Business Breakfast at TPA’s tax & audit office in Vienna.
CBRE Group (New York Stock Exchange: CBG) is ranked in the Fortune 500 and S&P 500 share index. It is the leading organisation for commercial real estate in the world (Basis: Turnover 2018). The company, whose headquarters are in Los Angeles, has more than 90,000 employees in more than 480 offices worldwide (excluding subsidiaries and partner offices). It works for real estate owners, investors and tenants across the world. In addition to Strategic Advisory and Real Estate Rentals and Sales, Real Estate-, Facility- and Project-Management are also part of its portfolio. Corporate Services, Financing, Investment Management, Evaluation and Valuations, Research as well as Investment Strategy and Consulting complete the scope of the services it offers. CBRE has been represented since 1991 in Austria and has its head office in Vienna.
In 2019 TPA is celebrating its 40-year anniversary and is one of the leading tax advisory and audit services companies in Austria. Its range of services includes Tax Advisory, Audit and Advisory. There are 650 employees in 14 Austrian offices in Graz, Hermagor, Innsbruck, Klagenfurt, Krems, Langenlois, Lilienfeld, Linz, Schrems, St. Poelten, Telfs, Villach, Vienna and Zwettl. The TPA Group is active in eleven additional countries in Central and South Eastern Europe: Albania, Bulgaria, Croatia, Montenegro, Poland, Romania, Serbia, Slovakia, Slovenia, the Czech Republic and Hungary.