HIH Invest enters Austrian resi market with Vienna acquisition
HIH Invest Real Estate has entered the Austrian residential market with the acquisition of Quartier11, a modern residential complex located in Vienna’s 11th district, for an open-ended special Alternative Investment Fund.
“This acquisition aligns with our strategic objective to increase our exposure to the European residential market, which continues to show solid fundamentals and favourable entry points,” said Alexander Eggert, Managing Director, HIH Invest. “Quartier11 is a resilient, income-generating residential asset in a growth-oriented district of Vienna, and we are actively evaluating further acquisitions in the region.”
Originally developed in 2018, Quartier11 comprises seven modern building sections with a total lettable area of 17,388 sq m, of which 16,508 sq m is for residential use. The remaining space includes a daycare facility and a medical practice.
The complex comprises 248 free market rental units ranging from 43 to 140 sq m – mainly two- and three-room apartments – each featuring private outdoor space (balcony, terrace, loggia, or garden). With a current occupancy rate of 99%, the asset offers immediate income stability and low vacancy risk, HIH Invest said.
The property also includes an underground car park for cars, motorcycles and bicycles. Shared amenities include dedicated storage rooms for strollers and bicycles, a 1,200 sqm community square with two playgrounds, and designated areas for urban gardening to foster a strong sense of community and long-term tenant retention.
Quartier11 also has strong sustainability features. The buildings meet A++ energy standards and feature underfloor heating supplied by district heating systems. Ground-source heat pumps provide both heating in winter and cooling in summer. HIH Invest plans to enhance the ESG performance of the asset through targeted upgrades, including the installation of photovoltaic panels, EV charging stations, a transition to LED lighting, the use of green electricity in communal areas, and the implementation of a comprehensive recycling program.
“With rental prices below €13/sqm, Quartier11 offers energy-efficient, affordable housing in a district experiencing dynamic growth,” says Sebastian Pende, Head of HIH Invest’s Vienna office. “This asset demonstrates that sustainability and affordability are not mutually exclusive but can be effectively integrated.”
The location offers good connectivity and lifestyle amenities: supermarkets, pharmacies, and essential retail are within walking distance, while public transport connections—U-Bahn, S-Bahn, tram, and bus—are all accessible within a few minutes.
