Friday, January 22, 2010

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Zehetner "Real estate finance is a takeover candidate"

Immofinanz is a bargain, says the company spokesperson, Eduard Zehetner. The merger of the two Immos should now be done quickly, a capital is the issue.

The relief was Immofinanz chief Eduard Zehetner Thursday night, after the conclusion of the two general meetings, be noted clearly. Very solved he told journalists as he left last year in search of lost liquidity and for outstanding claims and how he had to fend off claims against the company. He tells of how management and deal fees were charged up to three times on the financial and real estate as the manager of the group under the old Leadership had been driven to acquire real estate at any price. "To earn such commissions structures that were common back then, they have to damn well make the real estate," says Zehetner.

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Zehetner: "Real estate finance is a takeover candidate"

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