Thanks to a sales and development volume of around €265 million, 2021 saw C&P Immobilien AG achieve its strongest ever business result since the establishment of the company despite the challenges posed by COVID-19. Cumulatively, the company has recorded a turnover of more than €1 billion since its founding in 2006. There has been a 20% increase in personnel in consideration of this.
With a sales and development volume of €264,950,798 spread across 892 units (apartments and commercial and office space), an increase of over 30% was achieved compared with the previous year. Around half of this, namely €133 million, was earned through C&P’s core business, the ‘Investor Apartment’ product segment. This is diversified by commercial properties and products from the ‘Vacation Properties’ segment, including the ‘Alpenimmobilien.de’ brand. In the period from 2006 to 2021, a total of 6,972 units with a total value of €1.276 billion were developed and placed on the market. Around 20% of these figures were recorded in 2021, meaning the year made a significant contribution to the company’s overall success and enters into the company’s history books as the most successful to date.
Expansion course
With projects such as the Rostock Tower and the Wuppertal portfolio, C&P Immobilien AG took further important steps towards expanding its position on the real estate market in Germany. “The journey to hidden returns”, to use CEO Markus Ritter’s description of the offer of new and interesting investment locations away from traditional hotspots, expands the C&P product portfolio with investment opportunities in the ‘existing real estate’ segment.
The majority takeover of the market leader in holiday apartment sales in the Alpine region, Alpenimmobilien GmbH, is also a source of great pride. Under the direction of founder & Managing Director Michael M. Andre and Albert Sacher, CSO & CEO of C&P Immobilien AG, project partnerships and project financing are now being offered by the C&P Group in addition to marketing, sales, and consulting in the design of investment products.
The new location in Dubai also contributed positively to the expansion strategy. The company has also been operating as an all-under-one-roof company in the United Arab Emirates since 2021 – the new office provides investors from Austria and Germany complete support in the acquisition of property both on their home markets (Austria and Germany) and in Dubai.
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„In addition to strategic expansion steps and extraordinary economic success, 2021 was also a special year with respect to other awards such as the IMMY Gold Award and our klima.aktiv certification.“ Ing. Markus Ritter |
Awards & distinctions
In addition to strategic expansion steps and extraordinary business success, 2021 was also a special year in other respects. For example, CEO Markus Ritter took second place on Leadersnet as ‘Crisis Manager of the Year‘ in the real estate category while C&P Immobilien AG was awarded the IMMY Gold Award by the Vienna Chamber of Commerce as best developer and also took second place for ‘Office of the Year’ in Vienna. Stars that shine particularly brightly.
“Looking back at 2021, however, it is particularly important for me to point out the ‘klimaaktiv’ environmental certification received by C&P as well as our investment in eLoop as a mobility provider,” said Markus Ritter on being asked what his personal highlights had been. “As the Austrian market leader for investor apartments in the private customer segment, we want to create ecological and social living space through future-oriented energy concepts and sustainable building that makes tenants happy.”
Vacancy rate at record low
With 892 apartments handed over to tenants, 330 of which leased for the first time and 562 existing rentals, the results achieved in 2020 were surpassed once again. However, the so-called “vacancy rate” can only be described as sensational: only 20 apartments have not yet found any tenants, which corresponds to an all-time low of 0.66%. This is a value that is simply unparalleled anywhere else in the industry!
What will the future bring?
In addition to an ambitious project pipeline – we still intend to develop and sell a further 5,600 units with a project volume of €1,605 billion by 2027, of which €300 million in 2022 alone – C&P Immobilien AG is committed to further expanding its product portfolio. While maintaining the purely organic and thus healthy growth we have pursued thus far, new products from the ‘Vacation Properties’ and ‘Innovations’ segments are being pushed forward and, to some extent, offered on the market for the first time with ‘Serviced Apartments’ as the leading concept.
Further information:
www.cp-ag.at
