New living space is being created at the former site of the Beiersdorf Group in Vienna.
The property has an ideal location on the southern outskirts of Vienna and is situated almost at the highest point of Laxenburger Straße. It is this view which also gave the project its name. Living HOCH ZEHN (HIGH TEN) HIGH above the roofs of the TENTH district of Vienna with a magnificent view of the surrounding countryside all the way to the Schneeberg mountain. Due to the surrounding allotment garden settlements with their low-level tree structure, the view into the distance is also guaranteed for residents on the lower floors. Wolfdieter Jarisch, CEO of and shareholder in the S+B Gruppe AG, dreams of a place for the young and the young at heart, where meadows and trees, music and birdsong, scents and light scenes stimulate the residents’ senses anachhnd HOCH ZEHN becomes an senses anachhnd HOCH ZEHN becomes an unforgettable experience for everyone.
The project has been awarded a ‘klimaaktiv’ certificate.
In addition to the planned investment apartments, commercial and office space will also be built to round off the range of offers on the project site. It has become clearer than ever that it is important to be able to offer living and working in one location. In addition to the 30 m2 to 70 m2 apartments marketed by C&P, a further part of the building will provide space for serviced apartments and assisted living. The continuous underground car park completes the concept of the almost car-free residential complex, which also scores highly with well thought-out infrastructure within walking distance: in addition to the local store for daily needs located on the project site, a kindergarten for the youngest residents will also be built on the project site. It is not for nothing that district head Marcus Franz says that Favoriten is the most child-friendly district in Vienna with around €17 million spent on children each year. The ‘HOCH ZEHN’ project contributes its part to the compatibility of all areas of life!
The connection to local recreation areas such as the Laaer Wald, the Bohemian Prater, the Kurpark Oberlaa, or the Laabergbad provides for varied leisure activities. Attractive green spaces and sports facilities are located in the immediate vicinity. The largest shopping mall, the SCS, can be reached in a few minutes by car.
Two underground stations on the U1 line are within walking distance in a few minutes. There are bus stations directly in front of the property for further connections to the local public supply network.
Favoriten – the investors’ favourite
As the most populous district of the federal capital, Favoriten combines city with nature. As the ‘gateway to the south’, the district offers an incomparable quality of life with infrastructure that is already well-developed historically. The short walking distance to the subway, the bus stop in the immediate vicinity and parks and sports facilities are part of the basic amenities available here.
The redevelopment of Vienna’s main railway station was the main impetus for the rapid development of Favoriten into a growth market for investors. The development of the value of the properties is significantly above the Viennese average and thus offers the investing public attractive future opportunities.
With the acquisition of Laxenburger Strasse 151, the S+B Group AG is strengthening its focus on attractive residential properties in the attractive segment for apartment seekers in Vienna embedded in an extensive green area and with plenty of open space. “With C&P, we have once again found the right partner for the implementation and distribution of this attractive project”, enthuses Oliver Zaininger, authorized signatory for the S+B Gruppe AG.
Cyrus Asreahan, Managing Director of C&P Immobilien AG in Vienna, sees particularly high and long-term potential for capital investment in real estate in the ‘HOCH ZEHN’ project. “But ultimately it’s always about the tenant” Asreahan continues, “because Corona in particular has shown that it’s about the quality of life in your own home. And C&P always offers suitable floor plans.” This statement reflects the philosophy of C&P and the associated understanding of real estate investment: if the tenant is doing well, the investor is also doing well.
At Laxenburger Strasse 151 in Favoriten Vienna, the S+B Group AG, in cooperation with C&P Immobilien AG, is building over 300 new build investment apartments, embedded in attractive, spacious green areas. Construction is scheduled to begin in early 2021.
