Milestone achieved: WALTER REAL ESTATE sells first residential building
With the successful sale of our residential project in Vienna-Margareten to Quantum Immobilien KVG, we are sending a strong signal in the real estate market. Furthermore, it marks a deliberate step in the strategic development of WALTER REAL ESTATE.
The sold property is located in a prime residential area at Sankt-Johann-Gasse and comprises 77 apartments as well as 50 parking spaces in the in-house garage. The predominantly 2 and 3 room apartments precisely meet the high demand for urban living space in Vienna. All units also have a balcony, loggia or terrace. The central location with good transport links and high quality of life makes the project particularly attractive. The buyer strengthens its existing portfolio with the acquisition of this high-quality property.
The first sale represents not only economic success for us, but also a clear strategic direction.
Stefan Wierzbinski
Chairman of the Managing Board
This step is a clear signal for our strategic development and a great success for the entire transaction team including our service departments.
As well as our established roles as project developer and property holder, targeted sales from our existing portfolio will also increasingly become a focus - whenever they are economically and strategically sensible. This creates new scope for investments in the development of high-quality residential and commercial projects.
