Catella Investment Management (CIM) announces the acquisition of an existing complex consisting of three building sections with 192 fully let apartments in the north of Vienna. The transaction was carried out on behalf of the Article 9 fund Catella European Residential III (CER III). The residential property was built in 2014 in Vienna's 21st district of Floridsdorf.
The gross living space is approx. 15,900 square meters. The apartment sizes range from 53 m² to 127 m², the average size is 83 m². Each unit has a private garden or balcony, external blinds and parquet floors. The building has energy efficiency class B (HWB) and is heated with district heating. A solar thermal system is installed on the roof for hot water preparation.
Michael Keune, Managing Director of CIM, explains: "With CER III, we are investing in affordable and modern residential projects in Europe's growth regions. This type of use has proven to be extremely stable even in difficult times and at the same time creates the urgently needed rental offer for broad sections of the population. In addition to the social aspects, the fund also focuses on ecological criteria. Around half of the district heating is already fed from industrial waste heat, biomass as well as geothermal energy or ambient heat. The City of Vienna has also committed itself to making the district heating supply completely climate-neutral by 2040."
Benjamin Rüther, Head of Fund Management at CIM, adds: "The residential property has an efficient building structure with attractive floor plans, modern equipment, a common room and a children's playground. It is located in a green, family-friendly district with good local amenities and several schools, thus offering its residents a high quality of life in an attractive location."
The district of Floridsdorf is well connected to public transport and the road network. Local amenities, schools, several bus lines to the surrounding districts as well as to the nearby underground stations and the Siemensstraße S-Bahn station are within walking distance. The journey time by public transport to the city centre is about 30 minutes. In addition, the property is close to the S2 and A22 motorways, which provide seamless access to Vienna's extensive road network and the wider region.
The Catella European Residential III focuses primarily on investments in new housing stock with a high energy standard at affordable rents in European growth regions, including Germany, Austria, Benelux, France, Scandinavia, Spain and the UK. The CER III was launched in 2019 and currently holds assets under management worth approx. EUR 1.0 billion.
