The Austrian investment group Soravia has earmarked a total of EUR 300mn for investments in real estate projects, advertisement, and soft drinks and juices in the country in the next three years. Soravia has been working on the local market since 1998 and has invested some EUR 140mn in real estate in the last five to six years. The company has constructed three business buildings. One of them, the EUR 96mn project Megapark, was sold out to another Austrian investor. Soravia controls also the country’s leading water bottling company Devin through its private equity arm Soravia Equity (successor of Austria ’s investment fund Wing Equity). Devin operated recently an IPO and announced plans to use the raised funds (EUR 9.35mn) to expand its share on the domestic market and to enter other markets in Southeast Europe . Soravia plans to invest up to EUR 30mn in the opening of new production line of the water bottling company, which recently announced intentions to invest EUR 7.7mn in order to raise its production capacity from 26,000 bottles per hour at present to 40,000 in until April.