HIH Invest Real Estate enters Austrian resi market

HIH Invest Real Estate has entered the Austrian residential market by acquiring Quartier11, a modern 248-unit apartment complex at Simmeringer Hauptstraße 170 and 174 in Vienna. 

Quartier11 in Vienna

This purchase, made for a special real estate fund, represents HIH Invest's first Austrian residential investment and furthers its European portfolio diversification strategy. 
Completed in 2018, Quartier11 consists of seven modern buildings totalling over 17,300 m2 of leasable space. Most of this space (over 16,500 m2) is dedicated to 248 residential units, primarily two- and three-bedroom apartments with private outdoor areas. A daycare centre and medical practice occupy the remaining space. 
Residents of Quartier11 enjoy amenities such as underground parking for cars and motorcycles, ample bicycle storage, dedicated stroller storage, a large communal square with playgrounds, and urban gardening areas. 
Alexander Eggert, managing director at HIH Invest, said: “This acquisition aligns with our strategic objective to enhance our exposure to the European residential market, which continues to show solid fundamentals and favourable entry points. Quartier11 is a resilient, income-generating residential asset in a growth-oriented district of Vienna, and we are actively evaluating further acquisitions in the region.”
Quartier11 boasts strong sustainability credentials with its A++ energy rating, district heating, and geothermal heat pumps for heating and cooling. HIH Invest plans to further improve its ESG performance by adding solar panels, EV charging stations, LED lighting, green electricity, and a comprehensive recycling program.
Quartier11 benefits from a convenient location with easy access to everyday necessities like supermarkets and pharmacies, as well as excellent public transport links (subway, commuter rail, tram, and bus). Nearby recreational options include the Simmeringer Bad swimming pool and various sports facilities.
The transaction was supported by Dorda (legal), TPA (tax), Alpha & Partner (technical and environmental), Otto Immobilien (commercial), and HIH Invest's internal ESG team. ÖRAG's investment team represented the seller.