Bank Austria Finances Portfolio of Apartment Houses in Vienna

Professional Services › Real Estate ♦ Published: August 2, 2011; 15:08 ♦ (Vindobona)

The Austrian bank generates a stimulus for Vienna’s real estate market and finances 53 apartment houses with € 110m.

Bank Austria Finances Portfolio of Apartment Houses in Vienna / Picture: © Vindobona.org

Bank Austria’s Real Estate department has concluded one of the largest real estate transactions of the year: the financing of a portfolio of rental apartment houses belonging to CITIM Holding GmbH that encompasses 53 buildings with roughly 100,000 sqm of useable area for a total of € 110m. These apartment houses are spread across nearly all of Vienna’s districts, with a focus on…

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