• 11,410 m² lettable area on 10 staircases
  • Excellent location in the centre of Vienna's 7th district
  • Largest apartment house transaction of the year in Austria so far

Austria's largest apartment building transaction to date in 2023 has now been completed in Vienna's 7th district: The "Adlerhof" at Siebensterngasse 46 was sold by the listed S IMMO AG to the domestic apartment house specialist Thalhof Immobilien. The property with 161 residential and nine commercial units on a total area of 11,410 m² is in excellent structural condition with a high-quality converted attic. The transaction was brokered by EHL Investment Consulting.

The fully let property impresses with its exceptional location in the heart of the 7th district. It streches from Siebensterngasse to Burggasse and offers practically all the amenities of urban life, such as various schools, diverse shopping facilities and a wide range of restaurants and leisure facilities, all within walking distance. The future U3/U5 junction Neubaugasse is in the immediate vicinity, trams and buses stop practically on the doorstep.

Thalhof Immobilien wants to develop the Adlerhof over the next few years, particularly taking into account sustainability criteria and improving the urban quality of life. Thalhof was supported in the handling of the purchase by Tiefenthaler Gnesda Rechtsanwälte and by the auditing and tax consulting firm BDO Austria.

"The fact that the Adlerhof is leaving the portfolio in excellent condition after almost 25 years is certainly attributable to S IMMO's value-enhancing and forward-looking asset management. We are pleased to be able to complete another step in the strategic disposal of our residential properties with the sale of the Adlerhof. We will promptly reinvest the liquidity gained in office and commercial properties," explains Herwig Teufelsdorfer, Member of the Management Board of S IMMO AG. "EHL provided professional support for the transaction and found a good buyer for this fantastic property.

"In the current challenging environment, the sale of the Adlerhof is a particularly noteworthy transaction," explains Franz Pöltl, Managing Director of EHL Investment Consulting. "Properties of this quality come onto the market very rarely and are met by lively demand from liquid investors even in these challenging times."

About Thalhof Real Estate

Thalhof Immobilien GmbH is an Austrian real estate company based in Vienna. Its core business is the purchase and development of classic turn-of-the-century apartment buildings in the best locations in Vienna.

About S IMMO

S IMMO AG is a listed real estate investment company that is domiciled in Vienna. The company invests exclusively in the European Union with a focus on Austria, Hungary, the Czech Republic and capitals in further CEE countries. S IMMO's property portfolio consists primarily of offices, but also includes commercial properties, hotels and residential properties. S IMMO stands for a lucrative portfolio with strong cash flows and for profitable growth.

About EHL Real Estate

EHL Immobilien is one of the leading real estate service providers in Austria and specialises in commercial, investment and residential real estate. The spectrum ranges from real estate brokerage to real estate valuation, property management, construction management, asset and centre management, portfolio management, market research and investment consulting. The exclusive partnership with the global real estate service provider BNP Paribas Real Estate provides the EHL Group with a global network and market expertise in 32 countries. EHL Immobilien is one of the leading brokerage companies in Austria in all major market segments, in particular office leasing (2022 approx. 49,000 m²) through its subsidiary EHL Gewerbeimmobilien GmbH and residential brokerage (2022 approx. 1,850 residential units leased/sold/built) through its subsidiary EHL Wohnen GmbH. In addition, the subsidiary EHL Investment Consulting GmbH is the clear market leader in Austria with a transaction volume of approximately EUR 1.5bn. Furthermore, EHL Immobilien Bewertung GmbH is the number 1 in real estate valuation with a valuation volume of EUR 18bn.

Enquiries: Thomas Brey, M&B PR, T 0676 542 39 09, brey@mb-pr.at

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S IMMO AG published this content on 02 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2023 09:09:50 UTC.