2025-09-18 8:03 CET, Europe, Germany | Investment Management | Press release
Catella Investment Management (CIM) has announced the acquisition of an existing residential complex comprising three fully-let buildings with a total of 192 apartments in northern Vienna. The transaction was carried out for the Article 9 fund Catella European Residential III. The residential property was built in 2014 in Vienna's 21st district, Floridsdorf.
The complex offers around 15,900 square meters of gross living space. The apartments range in size from 53 m² to 127 m², with an average size of 83 m². Each unit has a private garden or balcony, external blinds, and parquet flooring. The building has energy efficiency class B (HWB) and is heated by district heating. A solar thermal system for hot water production is installed on the roof.
Michael Keune, Managing Director of CIM, explains: "With CER III, we are investing in affordable and modern residential projects in European growth regions. This asset class has proven to be highly resilient, even in challenging market conditions, while providing much-needed rental housing for broad sections of the population. In addition to social aspects, the fund also focuses on ecological criteria. Around half of district heating is already supplied by industrial waste heat, biomass, geothermal energy, or ambient heat. Moreover, the city of Vienna has committed to making its district heating supply fully climate-neutral by 2040."
Benjamin Rüther, Head of Fund Management Residentail at CIM, adds: “The property offers an efficient building structure with attractive floor plans, modern amenities, a communal area, and a children's playground. It is located in a green, family-friendly district with good local amenities and several schools, offering its residents a high quality of life in an attractive location.”
The Floridsdorf district has good public transport and road connections. Local amenities, schools, several bus routes to the surrounding districts and nearby underground stations, and the Siemensstraße S-Bahn station are all within walking distance. The journey time to the city center by public transport is approximately 30 minutes. In addition, the property is close to the S2 and A22 motorways, which provide seamless connections to Vienna's extensive road network and the wider region.
Catella European Residential III, or CER III for short, focuses primarily on investments in new residential properties with high energy standards at affordable rents in European growth regions, including Germany, Austria, Benelux, France, Scandinavia, Spain, and the UK. CER III was launched in 2019 and currently has assets under management worth approximately €1.0 billion.
About Catella Investment Management GmbH
Catella Investment Management GmbH (CIM) is an independent and entrepreneurial real estate investment advisor for funds and mandates with assets under management of approximately EUR 10 billion. As a subsidiary of the Stockholm-based Catella AB, CIM advises more than 25 mutual real estate funds and special real estate funds as well as several mandates across 15 European countries, with a focus on residential, mixed-use, parking, and logistics properties. CIM provides (advisory) services in research, portfolio management, acquisitions, disposals, and asset management. The company operates offices in Berlin, Munich, and Vienna.
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For further information: Catella Investment Management GmbH Stine Zöchling Head of Marketing and PR Office: +49 (0)30 887 285 29 76 Mobile: +49 (0)151 544 51 005
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