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The following article was compiled as part of the research process for our list of the largest real estate agents in Austria. In addition to detailed acquisition profiles, it also contains contact details and – if available – AUM figures.
Also relevant is our database of property managers in Austria.
S IMMO AG, a listed real estate company, has successfully completed the acquisition of further office buildings and a hotel from IMMOFINANZ AG at the location Wienerberg. The newly acquired properties offer a considerable gross lettable area of around 81,000 m² and generate annual rental income of around 8.4 million €. S IMMO AG is one of the leading real estate investors in Austria. The company, which was listed on the stock exchange in 1987, invests in Germany, Austria, the Czech Republic, Slovenia, Hungary, Romania and Croatia. New investments focus on office properties. Such as the “Essence Garden” project, acquired in Hungary.
Strategic investment in Wienerberg, sales in Germany
With this significant acquisition, S IMMO AG is emphasizing its ongoing strategy. As Herwig Teufelsdorfer, CEO of S IMMO AG, noted, the successive sales on the German market result in increased liquidity. These financial resources are reinvested in high-yielding properties in order to achieve sustainable profit optimization.
Wienerberg as a business hub
The Wienerberg location is proving to be particularly promising for S IMMO AG. With its latest acquisition, the company plans to establish a business hub with considerable potential. This potential is reflected in two key aspects: Firstly, there is the possibility of revitalizing the properties, and secondly, the location benefits from the planned connection to the subway network. These strategic considerations should strengthen and further develop the Wienerberg location in the long term.
Image: Jacek Dylag via Unsplash
Source: Deal Magazin
