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Big Group accounted in 2024: Record investments and sustainability focus!
Big Group accounted for 2024: EUR 1.079 billion investments, 11,500 jobs secured, focus on sustainability and decarbonization.
Big Group accounted in 2024: Record investments and sustainability focus!
The Federal Immobilien Society (BIG) reports a remarkable balance with a total sales of 1.533 billion euros in 2024, which corresponds to an increase of 7.8 percent compared to the previous year. Despite this positive development, the company recorded a decline in the profit of the period to 884.5 million euros (2023: 1.074 billion euros). This decline is mainly attributed to higher investments in the decarbonization of the buildings and sustainable projects. The big invested a total of 1.079 billion euros in new construction, renovations and maintenance, which benefits the securing of around 11,500 jobs in Austria.
In total, the BIG commissioned over 2,000 domestic companies in construction, which underlines the positive economic impact on the sector. With a fair value of the portfolio of over 18 billion euros, the importance of the BIG is an important player in the Austrian real estate market. The portfolio currently comprises 2,024 properties, the level of rental at the end of last year with impressive 99.0 percent.
investments in sustainable projects
A central point of the big balance is the promotion of sustainability and energy efficiency. By 2040, investments of up to 2 billion euros have been planned for decarbonization. These measures are in accordance with international goals for reducing CO2 emissions in the construction sector, which, according to the International Energy Agency by 2030. The European Green Deal aims to achieve climate neutrality by 2050, with the construction sector forming a core area.
The BIG has already taken the first steps as part of its sustainability strategy. Over 350 million euros were invested in school and university construction, which includes some of the largest major projects, such as the House of Physics in Innsbruck and the MedUni Campus in Vienna. The largest urban development project is the “Village in the third” in Vienna-Landstrasse, where 2,000 apartments as well as office and commercial space are realized.market analysis and economic factors
The focus on higher investments led to the operational result (EBITDA) fell to 880.5 million euros, which corresponds to a decrease of 5.5 percent in the previous year. Christine Dornaus, the managing director of the BIG, said that this decline was due to a conservative upgrading of the portfolio and the increased investments. This trend could also have complex effects on the international market and strengthen interest in BIG's business model in cities such as Berlin, as can be seen from market analyzes.
The Big has positioned itself well in a constantly changing construction industry. Over 45 percent of the investments flowed in the renovation and maintenance, while rental income rose to 1.169 billion euros (2023: 1.068 billion euros).
BIG remains an important player in the Austrian construction sector and relies on sustainable solutions and innovative projects that will become more important in the coming years. The clear focus on sustainability and compliance with international climate goals show that the BIG not only stands for short -term success, but also for long -term stability and environmentally conscious action.
For 2024, BIG is also planning a dividend of 206 million euros, which increased from 200 million euros in 2023, including a special dividend of 50 million euros. The stability and growth in this hard market environment are of great importance not only for investors, but also for the entire economy in Austria.
For more information on the results of the BIG 2024, you can view the complete report on ots.at analyzing in a broader context, as you can In nachrichten are shown.