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
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
