Crisis in the construction sector – “The risk for new projects is still too great”

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The two top managers of Federal Real Estate (BIG) in conversation with ‘Krone’ super department head Rainer Nowak about the Signa bankruptcy, the crisis in the construction sector and a looming housing shortage.

“Kron”: If you come across two board members in the Austrian real estate sector who are not pessimistic, it has to be the Federal Real Estate Company. Their business model, owning and managing public buildings, has no real estate crisis.
Christine Dornaus: It is true that being responsible for the real estate of the Republic of Austria is a very satisfying job. Yet we certainly feel the consequences of the real estate crisis. But you can say that we are well financed with equity of more than 55 percent.

Source: Krone

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