Catella Investment Management (CIM), part of the Catella Group of businesses including corporate finance, has added to its property portfolio in Austria’s capital Vienna by acquiring a residential building on behalf of a private client.
The fully let building of some 127 rental units is added to the manager’s local portfolio of some 20 properties with over €500m in assets under management in Vienna, where the firm has had an office since 2022.
Michael Keune, managing director of CIM, commented: “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, commented: “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.”
The residential property is situated in Vienna’s 21st district, Floridsdorf. The area features traditional residential neighbourhoods, modern new-build developments, and established business and retail hubs, with the Jedlersdorf S-Bahn station, as well as several bus and tram routes, within walking distance.
