Press release

Austrian Asset Manager FLE reduces energy costs with Argentus by half a million euro

Vienna 30 November 2016. The Vienna based Asset Manager FLE GmbH, a subsidiary of the LFPI Group, now issues through the Argentus Energie GmbH, energy supply contract for the German real-estate portfolio of the FLE GmbH. Through bundling, FLE GmbH was able to agree on attractive conditions that will be able to sink energy costs over the next four years by ca. 500k. The average savings by electricity is 37% and by gas is 28%. In addition, FLE GmbH was able to covert its complete energy supply into green electricity, thus contributing to its sustainability goals.


About FLE GmbH

FLE GmbH was founded in 2007 and is based in Vienna. It is part of the French LFPI Group, which, as an independent and international multi-asset manager with more than EUR 3 billion in managed investor funds, offers its investors investment opportunities in the asset classes of private equity, real estate and debt and asset management. The property funds managed by the LFPI Group are owners of approximately 200 business properties with a value of more than EUR 2 billion.

FLE GmbH operates as an investment adviser for various property funds. The investment focus of these funds lies on office and business property as well as low-budget hotels with a purchase volume of EUR 2 million to EUR 50 million per individual property in Germany, Austria and the CEE region.

Press contact:

Eva Maria Kamedler


Palais Kinsky, Freyung 4/12, 1010 Vienna

Telephone: +43 1 532 02 11 0