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S Immo Does Not Plan Investments
The Austrian real estate company regards the current framework conditions as not suitable for investing in new projects. S Immo plans more sales, by contrast.
S Immo Does Not Plan Investments / Picture: © Vindobona.org
Since May 2011, S Immo´s share lost 28%. Holger Schmidtmayer, CEO of S Immo: „We have the same problem like gold producers. Everybody wants to have the product, but nobody wants to have the producer´s shares.“
As long as the framework conditions do not improve, S Immo reduces its investments. In 2012, the investment volume is zero, although 2011 and the first quarter of…
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