VIG to Invest in CEE Real Estate

People ♦ Published: June 20, 2012; 18:30 ♦ (Vindobona)

The Vienna Insurance Group intends to invest more in real estate. „Central and Estern Europe is more interesting for us.“ CEO Peter Hagen says.

VIG to Invest in CEE Real Estate / Picture: © Vienna Insurance Group

In an interview with the German „Handelsblatt“, VIG´s new CEO Peter Hagen explains that real estate investments are increasingly important for VIG.

The current slump in real estate prices would be no major problem, Hagen says. What would be important is the attractiveness of projects from a local point of view. „The city of Prague will ever be the city of Prague.“ The…