Hamburg-based HT Group acquires residential properties in Vienna and Linz

The Viennese property is located in the 21st district of Floridsdorf in Brünner Straße on a plot of land of around 2,300 m^2. It was built in 2018 and has a total of 9,072 m^2 of living space, divided into 124 units. The apartments are almost fully let. The property includes a courtyard with a children's playground, two communal roof terraces, a bicycle room and an underground car park. Floridsdorf is a popular residential area with a very well-developed infrastructure – there are various supermarkets, restaurants, playgrounds and service facilities. The banks of the Danube and green local recreation areas such as the Lorettowiese and the Jedleseer Aupark are about three kilometres away. The Großjedlersdorf tram stop is located in the immediate vicinity of the property, which ensures a connection to public transport.

The second property of the purchase is located in Austria's third-largest city, Linz. It is located in the cadastral municipality of St. Peter in Wiener Straße, the associated property measures 2,500 m^2. Built in 2016, the building contains 83 rental units with a total area of about 5,795 m^2. All apartments and the commercial space on the ground floor are rented. The property has a roof terrace, which can be used by all residents. It is located in a densely populated residential area near the industrial area at the harbour with many local companies, especially from the steel and chemical industries. There are several tram stops near the property, which provide a direct connection to the city centre. There are hotels, supermarkets and nightlife all around.

Udo Stöckl, Head of Investment Management at HT Group, commented on the acquisitions: "With this step, we are specifically strengthening the fund's residential asset class. Both properties are characterised by solid locations, efficient floor plans and sustainable management potential. These factors are important in a challenging market environment. We invest where long-term value stability and demand meet. This is very much the case at the locations in Vienna and Linz."

The transactions were advised by ÖRAG Immobilien vermittlung GmbH and ZEHA Real Estate Services GmbH.