Hypo Alpe-Adria-Immobilien AG is responsible for property markets within Hypo Group Alpe Adria. Its activities cover the development, financing, project management, operation and repositioning of property. The subsidiary manages the Group’s headquarters and branches as well as the properties in its successful property participation portfolio.

In 2008 Hypo Alpe-Adria-Immobilien AG was again able to further strengthen its market position.
Project Management oversaw the refurbishment of some branches in 2008. Smaller-scale branch refurbishment and the further development of the Hypo City Center in Klagenfurt, for which the application for planning permission was submitted in 2008, will be the main focus of attention in 2009. Additionally, the property valuation service, which was developed by Investment Service and which services both the bank internally and the external market, will be promoted further.

Portfolio Management acquired five assets with a transaction volume of EUR 24.7 m and also sold an asset in Slovenia. Also in 2008, and as part of internal risk management procedures, a risk analysis tool was implemented in the interests of ensuring targeted, efficient management of the property portfolio. In 2009, and in view of Group strategy, there will be ongoing expansion of the property participation portfolio and of Group-owned property.

In 2007 Hypo Facility Service GmbH (HFS) was founded as a subsidiary of Hypo Group Alpe Adria and of the two Austrian banking groups. This company manages and operates all bank-owned property in Austria serving operations and capital investment. Through outsourcing all property management issues, the first savings have been realised. Further optimisation of the organisation and of processes was a priority in 2008. Third market acquisition, which is geared towards the supply of all property-related services as well as infrastructural banking and leasing business processes outside Hypo Group Alpe Adria as well, is a further main business activity. In 2008 all the preparations for the spin-off of HFS Belgrade were completed according to plan and the company was founded on 24 December 2008.