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Catella buys 192 apartments in Floridsdorf – a win for Vienna!
Catella is investing in Floridsdorf: 192 modern apartments for the Article 9 fund to create affordable living space.
Catella buys 192 apartments in Floridsdorf – a win for Vienna!
An exciting development in the Viennese real estate landscape: Catella Investment Management GmbH (CIM) recently acquired a residential complex with 192 apartments in the 21st district of Floridsdorf. This purchase was made for the Article 9 fund "Catella European Residential III" (CER III) and demonstrates CIM's commitment to affordable and modern residential projects in European growth regions, such as immobilien-investment.at reported.
The residential complex, built in 2014, includes three fully rented buildings, which together offer a gross living area of approximately 15,900 square meters. The property not only scores with attractive floor plans and modern amenities, but also with a common area and a children's playground. Floridsdorf itself is considered a green and family-friendly district that promises a high quality of life. A real demand for living space is being met here, as the complex creates much-needed space for people and families.
Focus on sustainability
A notable aspect of the new residential project is the consideration of ecological criteria. Around half of district heating is powered by sustainable resources such as industrial waste heat, biomass and geothermal energy. The city of Vienna has set itself the goal of making district heating completely climate-neutral by 2040. These initiatives fit well with the investment strategy of CER III, which also emphasizes the integration of sustainability risks. This fund not only focuses on Vienna, but also on selected growth regions in Germany, the Netherlands, France, Scandinavia and up to 50% in Spain and Poland, such as catella.com explains.
The fund has a target return of 5% to 6% per year and focuses on modern and affordable housing with stable cash flows. This includes both new developments and properties in need of renovation. Niche markets such as senior housing and student housing are particularly popular.
A contribution to social aspects
With this purchase, CIM shows that the residential complex is not only an investment in real estate, but also a contribution to the creation of sought-after living space in an attractive district. Benjamin Rüther, Head of Fund Management Residential at CIM, will share his knowledge and experiences at the 3rd Real Estate Investment Congress in Vienna on October 22nd. This platform will certainly also be of interest to other investors who want to position themselves in this dynamic market.
With the acquisition in Floridsdorf, Catella has once again shown a good hand and is setting another example for the real estate market in Vienna and beyond. At a time when the need for affordable housing is constantly growing, CER III is positioning itself as a reliable partner for sustainable investments that focus on both economic and social goals. This shows not only innovation, but also responsibility in challenging market phases.