Quantum has acquired a high-quality residential property in Vienna for an institutional investor. The property is located in a central, sought-after location in the 5th district and comprises a total of 77 privately financed apartments.
Next step on the Austrian housing market: Quantum Immobilien KVG has acquired a high-quality residential property in Vienna for an individual mandate managed by it. The seller is WALTER REAL ESTATE GmbH. The property, which was completed in 2018, stands for modern and urban living in a sought-after location in the 5th district.
“With this acquisition in the attractive investment location of Vienna, we have succeeded in strengthening the existing fund portfolio,” says Martin Berghoff, Managing Director of Quantum, adding: “Vienna is convincing as the economic center of Austria and is one of Europe’s top metropolises. As a modern, cosmopolitan and diverse city, Vienna is a hotspot for startups and young people. The demand for high-quality, compact living space close to the city centre will also continue to rise in the future.”
“The sale of this property marks a deliberate step in the strategic development of WALTER REAL ESTATE,” explains Stefan Wierzbinski, Managing Director of WALTER REAL ESTATE, “because in addition to the established roles as portfolio holder and project developer, targeted sales from the portfolio will also come into focus in the future – whenever they make economic and strategic sense. This creates new scope for investments in high-quality residential and commercial projects.”
Modern and urban living in Vienna
The property is located in a central, very good residential area in Sankt-Johann-Gasse and includes 77 apartments as well as 50 parking spaces in the in-house garage. The apartment sizes vary between two and four rooms, with the focus on 2- and 3-room apartments, which corresponds to the housing demand in Vienna. All units have a terrace, balcony or loggia.
The transaction took place as part of a share 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.
