C&P Immobilien AG with the most successful business year in the company’s 13-year history

In its 13th year, C&P Immobilien AG achieved the most successful result in the company’s history. A total of 873 units (residential and commercial) were developed, realised and sold in 2019 with a volume of €163,000,000. This has strengthened the company’s position as the Austrian market leader in the area of investor apartments in the private customer segment. The project pipeline was successfully filled and expanded to over €1,200,000,000.

2019 – a year that will go down very positively in the history of C&P Immobilien AG. After the end of a three-year consolidation phase, the new head office in Puntigam, Graz, was built and moved into and the new offices in Vienna and Berlin were also occupied at the end of 2019. From 2017 to 2019, the main focus was on the areas of corporate hedging, equity expansion and organizational measures such as the installation of two additional board members (now a total of four people), in order to be able to grow in a structured manner from 2020 onwards.

Economically, the success story continued. With a sales and development volume of €163,000,000, equivalent to around 873 units (apartments and commercial space), C&P ended the past year with it being the most successful in its history.

“The high level of satisfaction of our customers with our well-functioning all-round service concept is reflected in our results. I’m very proud of that. Furthermore, I am pleased that project acquisition has been above average in the past business year”, says Ing. Markus Ritter, CEO | Chairman of the Board of C&P Immobilien AG.

Significant success was also recorded in the area of rentals. With approximately 900 apartments leased in 2019, C&P achieved a vacancy rate (based on apartments managed by C&P) of 0.63%. This important ratio has been consistently below one percent for the past five years.

In the 13-year history of the company, a total of 5,293 units (apartments and commercial space) with a volume of €837,000,000 have been developed, realised and sold.

In the area of acquisition too, a very positive summary can be drawn. The project pipeline has been further expanded and a project volume of around €1,200,000,000 for the next five years is available, which means the equivalent of around 7,300 apartments under development.