Monday, 25 August 2025
HIH Invest Real Estate has entered the Austrian residential market with the acquisition of Quartier11, a modern residential complex in Vienna’s 11th district, Simmering. The property was acquired for an open-ended special AIF and marks the company’s first residential investment in Austria, aligning with its strategy to expand and diversify its European residential portfolio.
Completed in 2018, Quartier11 consists of seven buildings with a total lettable area of 17,388 square metres, including 16,508 square metres of residential space. The development also incorporates a 740 square metre kindergarten and a 140 square metre medical practice. The complex comprises 248 free-market rental apartments ranging from 43 to 140 square metres, primarily two- and three-room units, each with private outdoor space such as a balcony, terrace, loggia, or garden. With an occupancy rate of 99%, the asset provides immediate income stability and minimal vacancy risk.
The property features 151 underground car parking spaces, two motorcycle spaces, and 150 bicycle spaces. Additional amenities include dedicated storage areas for strollers and bicycles, a 1,200 square metre communal courtyard with two playgrounds, and urban gardening areas aimed at fostering community engagement and long-term tenant retention.
Alexander Eggert, Managing Director at HIH Invest, described the acquisition as consistent with the firm’s broader European strategy. “Quartier11 is a resilient, income-producing asset in a district with positive growth dynamics. We see strong fundamentals in the residential sector and are actively pursuing further opportunities in the region.”
The asset already meets high energy efficiency standards with A++ rated buildings, underfloor heating via district heating, and ground-source heat pumps for seasonal climate control. HIH Invest plans to further enhance the sustainability profile of the property through a series of upgrades, including the installation of photovoltaic systems, electric vehicle charging stations, LED lighting in common areas, a switch to green electricity, and a comprehensive recycling programme.
Sebastian Pende, Head of HIH Invest’s Vienna office, noted that the combination of affordability and sustainability made the asset particularly attractive. “With rental levels below €13 per square metre, Quartier11 offers accessible, energy-efficient housing in a fast-developing district. It demonstrates that sustainability and affordability can go hand in hand.”
Located on Simmeringer Hauptstraße, the development offers access to a wide range of retail and public services within walking distance. Public transport connections are strong, with nearby U-Bahn, S-Bahn, tram, and bus links. The area also offers leisure facilities such as swimming pools and sports centres, further enhancing its appeal to tenants.
The transaction was supported by a full due diligence team: DORDA Rechtsanwälte GmbH (legal), TPA Steuerberatung GmbH (tax), Alpha & Partner Consulting GmbH (technical and environmental), Otto Immobilien (commercial), and HIH Invest’s in-house ESG team. The seller was advised by ÖRAG’s investment team, who brokered the transaction.
