Soravia Capital GmbH
Personnel: Marc K. Thiel appointed Soravia Capital Managing Director
– Austrian project developer and investment company opens office in Munich – Soravia Capital to provide capital services for German investors – German investors can now invest in unique large-scale projects in Vienna Munich (24th September 2014). Marc K. Thiel has been named managing director of the newly founded Soravia Capital GmbH in Munich. In opening an office in Munich, the Soravia Group, a leading property developer in Austria, is responding to the increasing attractiveness of the Vienna property market for private and institutional investors in Germany. Born in Berlin, Thiel began his career at Aengevelt. He was later influential in expanding retail giant Metro AG after its founding in 1996 into international markets. Subsequent stops at Euro Ejendomme AG and most recently at Acron AG and SynInvest strengthened Thiel’s expertise in fund management, purchasing and asset management and fund raising for property projects. Today, at age 50, Thiel is one of the true professionals in developing and marketing property projects and related financial products, particularly for institutional and semi-institutional investors. The Soravia Group brought Thiel on board in the early summer of 2014 to develop a specific investment product and attract investors to finance for example the group’s high-rise project Danube Flats (www.danubeflats.at), currently planned for Vienna, and continue the development of the TRIIIPLE (www.triiiple.at). As managing director of the new Soravia Capital GmbH, he will draw the attention of future institutional investors in Germany to the opportunities offered by the long-term prosperity of the Vienna property market. “I would like to show the possibilities that are becoming available to joint venture partners, co-investors and bond underwriters through investments in our development projects”, Thiel says. The stated goal is to position Soravia Capital GmbH as a solid provider of capital services to far-sighted investors seeking an attractive return on their investment. About Soravia: The Soravia Group, with over 500 completed projects and a project volume of more than EUR3.3 billion, is one of Austria’s leading property developers. The family-owned business was established 25 years ago and has plans to develop several major projects in Vienna in the coming years with a total of more than 160,000 m2 in floor space, including one of the tallest residential towers in the German speaking market at over 150 metres high. In addition to its core property development business, the Soravia Group also holds ownership interests in numerous companies, from the world-famous Dorotheum auction house to outdoor advertising specialists Megaboard as well as ifa AG, an Austrian real estate investment consulting company. Since 2013, Soravia has also had an ownership stake in the Ruby hotel chain (www.ruby-hotels.com). With Soravia Capital GmbH, the company is offering institutional and semi-institutional investors in Germany an opportunity to serve as joint venture partners and co-investors in the planned development projects. End of Media Release Issuer: Soravia Capital GmbH Key word(s): Real estate 24.09.2014 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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