E+H advised the IMMOLA Group on the sale of a new residential project in Graz to WEALTHCORE (for its real estate fund “Wealthcore Austria Living I”). IMMOLA is a leading expert in urban development in Graz, Klagenfurt, and Linz. WELTHCORE Investment Management offers individual investment products for investors. The transaction was carried out as part of a forward deal. The parties agreed not to disclose the purchase price.
Residential project with top connection
The new project will cover a total area of approximately 4,300m² and is located on the corner of Babenbergerstraße and Keplerstraße, close to Graz’s main train station. With its proximity to the station, the residential complex offers top connections to public transport. The Metahofpark on the opposite side offers residents ample space to relax in the greenery.
When completed in 2023, the residential project will offer 63 residential units, underground parking spaces, and commercial space at the street level.
Dr. Alric A. Ofenheimer and Helena Neuner spearheaded this successful real estate transaction on the part of E+H.
Advisors to IMMOLA Group
E+H: Dr. Alric A. Ofenheimer, Helena Neuner, and Johannes Feilmair, LL.M. (all real estate, corporate law/M&A).
About IMMOLA Group
The IMMOLA Group is an expert in urban development in Graz, Klagenfurt, and Linz. As a project developer, IMMOLA offers customers support from a single source – from planning and support for special requests to handing over the keys. Investors are offered a unique carefree package around their real estate investment. As an urban developer, IMMOLA has the high standard of combining modern architecture with affordable living. They create functional living spaces that adapt to the different needs of their residents through open interior design, high-quality furnishings, and intelligent floor plans, for the highest level of living comfort and more quality of life. https://www.immola.at/