Quantum acquires another residential property in Vienna

"Leopoldstadt is one of the most popular residential areas in Vienna. Young, high-quality stock is a rare commodity here – which is why we are particularly pleased to have made this purchase for our investor," says Martin Berghoff, Managing Director of Quantum.

"The renewed sale to Quantum underlines the intrinsic value of our portfolio and, in line with our strategy, creates new scope for further project developments of high-quality Viennese residential properties," explains Stefan Wierzbinski, Managing Director of WALTER REAL ESTATE.

The property is located in a highly sought-after residential area in Pazmanitengasse in Vienna's 2nd district and comprises around 50 privately financed apartments as well as a commercial unit. All space is fully let. The mix of apartments consists primarily of 2- to 3-room apartments, which are aimed at singles, couples and families. All units have a terrace, balcony or loggia. Parking spaces in the hotel's own underground car park are also available.

The transaction took place as part of an asset deal. The parties have agreed not to disclose the purchase price. Engel & Völkers Vienna mediated for the saleswoman. The law firm CMS Reich-Rohrwig Hainz (legal) and MES Real Estate Services GmbH (technical) acted as advisors to the buyer.