ERSTE Immobilien Kapitalanlagegesellschaft

What ERSTE Immobilien Kapitalanlagegesellschaft does

ERSTE Immobilien Kapitalanlagegesellschaft m.b.H. (ERSTE Immobilien KAG) is an Austrian capital investment company founded in 2007 and headquartered in Vienna (Am Belvedere 1, 1100 Wien), majority-owned by Erste Asset Management GmbH within the Erste Group. The firm is licensed under the Austrian Alternative Investment Fund Manager Act (AIFMG) and the Real Estate Investment Fund Act (ImmoInvFG) to manage real estate funds, and operates two open-ended public real estate funds — ERSTE IMMOBILIENFONDS (predominantly Austrian residential, with additional Austrian office/commercial and German exposure including Hamburg) and ERSTE RESPONSIBLE IMMOBILIENFONDS (exclusively Austrian properties meeting at least the klimaaktiv Bronze standard, focused on social infrastructure such as student housing, educational buildings, kindergartens, medical centers, and senior living). Both funds adhere to the ethical investment guidelines of the Austrian Bishops' Conference and Religious Orders; the responsible fund holds the Austrian Umweltzeichen state certification.

The company also offers customized Immobilienspezialfonds directly to institutional clients such as pension funds and insurance companies. Revenue is generated through recurring fund management fees as a percentage of assets under management and transaction fees on property acquisitions and disposals within the managed funds. Distribution is conducted almost entirely through the Austrian Sparkassen network of over 1,000 branches and Erste Bank branches, where trained advisors handle retail investor onboarding; direct institutional sales are run by an in-house team. The technology stack consists of a regulatory and investor-information website (www.ersteimmobilien.at) that hosts fund prospectuses, § 21 AIFMG investor information documents, and basic information sheets, with no proprietary AI/ML or fintech platform disclosed. Notable strategic shareholders beyond EAM include s Immo AG and Wiener Städtische Versicherung AG Vienna Insurance Group, providing integrated real estate expertise and insurance balance sheet capacity, while Erste Group Bank AG serves as custodian bank (Depotbank) for the funds.

Name

ERSTE Immobilien Kapitalanlagegesellschaft

Legal name

ERSTE Immobilien Kapitalanlagegesellschaft m.b.H.

Website

https://ersteimmobilien.at

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

ERSTE Immobilien Kapitalanlagegesellschaft m.b.H. is a Vienna-based, Erste Group-owned real estate fund manager licensed under AIFMG/ImmoInvFG that manages two Austrian open-ended public real estate funds (standard and ESG/Umweltzeichen-certified) and customized special funds for institutional investors, distributed primarily through the Sparkassen and Erste Bank networks.

Ownership category

akta.pro rank

Product category

Real Estate Fund Management

NAICS

Open-End Investment Funds (52591), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282), Real Estate Investment Trusts (6798)

akta.pro primary industry

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

Keywords

• Real estate fund management
• Open-ended property funds
• Institutional real estate investing
• Sustainable property funds
• Austrian capital investment company

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Others, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Fund Management Fees: The company generates revenue through management fees from the two open-ended real estate funds it manages: ERSTE IMMOBILIENFONDS and ERSTE RESPONSIBLE IMMOBILIENFONDS. Fees are collected as a percentage of assets under management.
2. Transaction Fees: Revenue is generated through transaction fees associated with property acquisitions and disposals within the managed funds.
3. Institutional Fund Management: Customized real estate special funds (Immobilienspezialfonds) for institutional investors generate management fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

ERSTE Immobilien Kapitalanlagegesellschaft m.b.H. is an Austrian licensed capital investment company (Kapitalanlagegesellschaft) that develops, launches, and manages real estate investment funds. It manages two open-ended public real estate funds — ERSTE IMMOBILIENFONDS (Austrian/German primarily residential and commercial properties) and ERSTE RESPONSIBLE IMMOBILIENFONDS (sustainable Austrian properties meeting klimaaktiv Bronze standard) — and additionally offers customized real estate special funds (Immobilienspezialfonds) for institutional investors, all operated under AIFMG and ImmoInvFG and aligned with the Austrian Bishops' ethical investment guidelines.

Product overview

ERSTE Immobilien KAG operates as an Austrian capital investment company (Kapitalanlagegesellschaft) managing real estate investment funds. The company offers two main public real estate funds: the ERSTE IMMOBILIENFONDS (standard fund investing primarily in Austrian residential properties with some German holdings) and the ERSTE RESPONSIBLE IMMOBILIENFONDS (sustainable fund restricted to Austrian properties meeting klimaaktiv Bronze standards). Additionally, the company provides customized Immobilienspezialfonds solutions for institutional investors. Both public funds are regulated under AIFMG and ImmoInvFG and consider ethical guidelines from the Austrian Bishops' Conference.

Differentiator

Problem solved

Functional benefit

Brands

• ERSTE IMMOBILIENFONDS: Real estate fund investing predominantly in Austrian properties, with focus on residential real estate and additional exposure to office and commercial spaces. Also invests in Germany (Hamburg).
• ERSTE RESPONSIBLE IMMOBILIENFONDS

Products and services

• ERSTE IMMOBILIENFONDS An open-ended public real estate fund (Publikumsimmobilienfonds) that invests primarily in residential properties in Austria, with additional holdings in office and commercial spaces in Austria and Germany (including Hamburg). The portfolio is broadly diversified across existing buildings and the fund considers the ethical investment guidelines of the Austrian Bishops' Conference and Religious Orders of Austria. Targeted at Austrian retail investors for long-term wealth accumulation.
• ERSTE RESPONSIBLE IMMOBILIENFONDS A sustainable open-ended public real estate fund investing exclusively in Austrian properties meeting at least the klimaaktiv Bronze standard. Focus on social and ecological real estate including student housing, research and education buildings, kindergartens, schools, medical centers, and senior living facilities. Holds the Austrian Umweltzeichen state certification. Adheres to the Austrian Bishops' ethical investment guidelines. Shares are priced at 102.00 Euro per share and eligible for Austrian pension reserve securities coverage.
• Immobilienspezialfonds (Real Estate Special Funds) Customized real estate investment solutions offered as real estate special funds (Immobilienspezialfonds) for institutional investors, including pension funds and insurance companies. Provides tailored investment strategies with ESG-compliant mandates and customized risk-return profiles. Distributed through direct institutional sales relationships rather than the retail Sparkassen channel.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Erste Group Bank AG (Depotbank)coreStrategic or Co-development PartnerServes as the custodian bank (Depotbank) for the managed funds. Connected to ERSTE Immobilien KAG through Erste Group. All fund documents are available at the custodian bank's offices.
• NeunerhausminorOthersViennese social organization that enables self-determined and dignified lives for homeless people. ERSTE Immobilien KAG supports this initiative as part of its social responsibility program, focusing on donations with real estate relevance.
• Caritas (Mutter-Kind-Häuser)minorOthersERSTE Immobilien KAG supports the Mother-Child Houses of Caritas, which provide temporary homes for mothers with children affected by acute homelessness.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Commerz Real: Real estate and infrastructure fund manager affiliated with Commerzbank, managing open-ended real estate funds (hausInvest) and institutional special funds. Established incumbent with similar retail open-ended fund-plus-institutional mandate structure.
• BNP Paribas Real Estate Investment Management (REIM): Real estate investment management arm of BNP Paribas, managing open-ended real estate funds (AEW flagship vehicles) and institutional mandates across Europe. Larger-scale incumbent with similar focus on institutional real estate fund management.
• DWS Real Estate (formerly Deutsche Asset Management Real Estate): Real estate division of DWS Group (formerly Deutsche Bank asset management), one of the world's largest real estate investment managers with open-ended funds (grundbesitz Europa, grundbesitz Global) and substantial institutional business. Larger-scale incumbent with similar product mix but global reach.

Direct peers

• Deka Immobilien: Real estate fund management arm of DekaBank/Sparkassen-Finanzgruppe, managing flagship open-ended real estate funds (Deka-ImmobilienEuropa, Deka-ImmobilienGlobal) distributed primarily through the German Sparkassen network. Direct peer given identical Sparkassen-distribution model and open-ended fund structure.
• Patrizia: European real estate investment manager offering open-ended real estate funds and institutional investment mandates across Europe. Comparable in managing both retail and institutional capital with a focus on European real estate, though larger and more diversified.
• Real I.S. AG: Munich-based real estate fund manager (subsidiary of BayernLB) operating in the German and Austrian real estate investment market, offering institutional real estate special funds and open-ended products. Comparable in mid-sized institutional real estate fund management focus.
• Union Investment Real Estate: German real estate fund manager within Union Investment Group, managing open-ended real estate funds (UniImmo: Global, Europa, Wohnen ZBI) primarily for retail with institutional special fund offerings. Closely comparable operating model of large retail-distributed open-ended real estate funds plus dedicated institutional mandates.
• KGAL (Kaiserliche Katholische güteradministration Liegenschafts AG): Austrian real estate investment company managing open-ended real estate funds and institutional mandates, operating under similar Austrian regulatory framework (ImmoInvFG). Local Austrian competitor with comparable Catholic-affiliated heritage and ethical investment positioning.
• Raiffeisen Immobilien KAG: Austrian real estate investment fund manager (Raiffeisen Immobilien Kapitalanlagegesellschaft) within the Austrian Raiffeisen banking group, managing real estate funds in the same Austrian regulatory framework (ImmoInvFG) with similar Sparkassen-style distribution. Direct Austrian competitor in the same market and regulatory environment.
• Catella Real Estate: European real estate fund manager (Catella Real Estate AG) offering open-ended real estate funds and institutional special funds across multiple European markets. Directly comparable in scope of fund products and pan-European institutional focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/erste-immobilien-kag

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ERSTE Immobilien Kapitalanlagegesellschaft