Savills and its Austrian associate Modesta Real Estate are marketing a Build To Rent (BTR) project in a highly sought after area in Vienna, Austria, being developed by SÜBA AG.
Located at Pilzgasse 33 / Engelhorngasse 2, and due to complete in Q4 2025, the building will have a total gross area of 28,489 sq m and feature 10,657 sq m of office and commercial space as well as 265 apartments, of which 225 will be residential and 40 assisted living.
Heinz Fletzberger, Managing Board SÜBA AG, says: “With 40+ years of know-how in real estate development and a consistent sustainability strategy focusing on energy efficiency and CO2-reduction, we have been developing PlusEnergyQuartier21 as a new milestone project in Austria.”
Manfred Wachtler, Managing Board SÜBA AG, adds: “The PlusEnergyQuartier21 is a paradigm of sustainable urban advancement, combining living, working and leisure in one location under the 'Productive City' concept. The development is part of the "Future Quarter 2.0" research project funded by the Austrian Federal Ministry for Climate Protection, carried out and scientifically supported by the University of Applied Sciences Technikum Vienna, Urban Innovation Vienna as well as the Institute Building Research & Innovation.”
Marcus Roberts, Head of Savills European Operational Capital Markets, says: “Given the significant supply and demand imbalance for BTR in the city of Vienna, this is a rare opportunity for an investor to establish a strong foothold, or further increase its allocation, to the traditionally restricted Austrian market. Featuring the latest amenities, the building will offer excellent transport links with close proximity to everything urban living has to offer.”
Sebastian Scheufele, Managing Partner, Modesta Real Estate, says: “Projects such as the PlusEnergieQuartier are a glimpse into the future of efficient and sustainable urban development. It addresses a need for space in both the residential and commercial sectors that is in high demand in the city. Along with the development's strong focus on sustainable construction, energy efficiency and modern living and working, the asset offers an excellent opportunity for investing in the Austrian market.”
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For further information, please visit:
https://www.savills.co.uk/services/investment/operational-capital-markets.aspx