La svizzera CORESTATE Capital , in JV con l’ austriaca Soravia , sviluppa 1.350 appartamenti a Vienna

CORESTATE Capital, a specialist real estate investor with registered office in Zug/Switzerland, announced that the company is developing four high-rises in Vienna for a total project volume of EUR 432 million. One of the buildings, 150 metres tall, will be the highest tower block in the German-speaking countries.

Together with its Austrian partner Soravia Group, CORESTATE Capital is planning to realise two distinct ensembles of high-rises with a combined total of 1,350 condominiums and rental flats as well as office and commercial units. The concept also includes concierge services, preschools, gyms and roof-top gardens. Both projects are situated in premium locations in the Austrian capital: Danube Flats in direct proximity to the local seat of the United Nations (UNO City), and TRIIIPLE in the popular Third Borough close to the Danube and the Prater parklands.

Thomas Landschreiber, Chief Investment Officer, CORESTATE Capital, commented: «Due to the high share of flats that are either in need of refurbishment or just old, and due moreover to the rise in incoming migration to Vienna, there is an enormous demand in the city for new and modern housing accommodation. The high number of apartments already reserved at either project ahead of the start of construction suggests as much. These property developments reflect our focus on unique investment situations that promise attractive rates of return across Europe».


Source : Company


Testata giornalistica non registrata ai sensi dell’Art.3 bis del D.L. 18 maggio 2012, n. 63 convertito in Legge 16.07.2012 n°103

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