E+H (Eisenberger + Herzog) advised the German real estate investment and asset manager Hamburg Trust on the acquisition of the newly constructed residential living project ‘Siemensstrasse’ in Vienna, Floridsdorf, from Eyemaxx Real Estate AG. The closing of the transaction took place at the end of November 2020. The parties agreed not to disclose the sales price.
The apartment complex constructed in the heart of Vienna’s 21st district Floridsdorf has a total usable area of approx.. 5,700 m2 and consists of 102 residential units on four floors as well as of a commercial area of approx. 160 m2 on the ground floor. Almost all of the 1-4 room apartments are equipped with their own balconies or terraces, and several communal garden areas and 55 underground parking spaces are available to residents. Due to an expanded infrastructure with direct connections to the Vienna city center and extensive green and recreational areas, the district of Floridsdorf located in the north of Vienna is becoming increasingly attractive.
The property will be included in the new Hamburg Trust fund “domiciliumINVEST 15 Austria”.
Clemens Lanschützer, E+H’s lead partner in this transaction, stated: “Despite the Corona virus crisis, the demand for attractive residential properties in Austria remains high. We are very pleased to have assisted Hamburg Trust in this transaction.”
Advising Hamburg Trust
E+H: Dr. Clemens Lanschützer (Partner, Real Estate, Corporate/M&A), Ulrike Sehrschön (Partner, Public Law), Dr. Joseph Moser, LL.M. (Associate, Real Estate, Corporate/M&A), Titus Kahr, LL.M. (Associate, Pubic Law)