STC (Swiss Town Consult), one of the leading experts for sustainable and profitable project development in Austria, advised by E+H, sold the residential project “DAS HERZOG” in Vienna to a major Swiss asset manager. The transaction was conducted as part of a forward deal. The parties agreed not to disclose the transaction volume.
The residential complex contains 147 efficient, high-quality apartments ranging in size from 36 m² to 81 m², a commercial space on the first floor that has already been let on a long-term basis, and 65 parking spaces in the building’s own underground garage. Completion of the property, for which ÖGNI Gold certification is also being sought, is scheduled for the end of 2022. Matthias Waibel, Managing Director of STC says: “The new residential project DAS HERZOG is a showcase project for the 22nd district and will once again significantly enhance the micro-location on Erzherzog Karl Straße.”
The successful transaction was led by E+H partner Marco Steiner and E+H attorney Johannes Feilmair, experts in real estate business law and corporate law/M&A.
Über die STC – Swiss Town Consult
Established in 2003, Swiss Town Consult stands for sustainable and economically successful project developments based on the current requirements and needs of the market. The company, which operates in the business fields of real estate and urban development, is based in Vienna and has a branch office in Dornbirn. It offers its partners competence and experience in the service areas of project development and management, general planning, local construction supervision, and asset management.