IVG-owned investments: real estate and caverns
The IVG Investment division is responsible for IVG-owned investments: real estate properties and caverns. It is made up of the following segments:
- Real Estate
- Development
- Caverns
Due to the elimination of the risk-afflicted IVG Development division, Asset Management will perform development services for the company’s equity and the fund assets in the future. However, current projects are being carried out on schedule and Development will be reported as a segment within the Investment division until its elimination. Focusing efforts included outsourcing the national Property Management to strategic partners starting on 1 January 2010.
