Catella Investment Management (CIM) has acquired a residential building in Austria’s capital on behalf of a separate account.
CIM has invested an unspecified sum to acquire the fully-let 7,407sqm asset in Vienna’s Floridsdorf district on behalf of the client.
Michael Keune, managing director of CIM, said: “Vienna has been one of Europe’s fastest-growing cities for years and is characterised by high economic stability and rising demand for housing. The Viennese residential market thus offers institutional investors attractive and stable long-term investment opportunities.
“With this acquisition in Floridsdorf, we are expanding our presence in a sub-market that benefits from positive demographic trends and good infrastructure.”
Stephanie Vermeersch, head of Austria at CIM, said: “Floridsdorf is one of Vienna’s districts with stable demographic growth and sustained high demand for modern housing.
“With its contemporary living concept, private outdoor spaces and high quality of life thanks to its quiet location on a quiet, low-traffic side street, the property aligns well with current market conditions and represents a solid long-term addition to our client’s portfolio.”
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