The Big invested around 1.08 billion euros in new construction, renovation and maintenance in the previous year, said Managing Director Gerald Beck in an interview with the APA.
The total turnover of the state real estate group rose by almost 8 percent to 1.5 billion euros, rental income by 101 million euros to just under 1.7 billion euros. However, the operational result gave up 5.5 percent to 880.5 million euros. The ÖBAG receives a dividend of 206 million euros for 2024. In the previous year, she received a distribution of 200 million and a special dividend of 50 million euros.
Conservative evaluation of the real estate portfolio
BIG Managing Director Christine Dornaus not only justifies the somewhat weaker earnings figures with the significantly increased investments, but also with the conservative upgrading of the group portfolio attested by the auditor. The fair value of the approximately 2,000 big properties and properties has nevertheless increased by one billion to 18.2 billion euros within a year. The portfolio mainly consists of educational buildings such as schools, universities as well as special properties, but also office and residential properties.
Of the investments of 1.079 billion euros, over 45 percent flowed into the renovation and maintenance of buildings. The decarbonization of the buildings in the coming years will be increasingly important. The Josefstadt prison and the Vienna Criminal Court are currently being thermally optimized. By the end of 2040, up to 2 billion euros are to be spent on decarbonization. The first major investments for this were made in the previous year, from next year the investments for this should increase to over 100 million euros a year.
“}”>
Image: (APA/University of Innsbruck)
Source: Nachrichten
