Property market vienna 2018/2019 - A city on the move - DMV Immobilien
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A city on the move
property
market
vienna
2018/2019
english edition
in cooperation with
© ZOOM VP
SUSTAINABLE, FLEXIBLE
AND HIGH QUALITY
» Quartier Belvedere Central at Vienna‘s main station,
best connection and centrally located
» 25.000 sqm site area
» Office and retail space
Leasing of office and retail space:
Dietmar Schmitl
T: +43 50 626 3336 | E: buero@qbc.at
www.qbc.at
preface
Vienna. The smart business
metropolis with a heart.
A BUSINESS METROPOLIS AT THE HEART OF EUROPE. With the number of new-
ly established companies currently exceeding 9,000 a year Vienna has been the
capital of Austria’s start-up scene for over a quarter of a century. This means that
every 55 minutes the Viennese are realising their dreams through new, creative
and innovative ideas. The international popularity of Vienna as a business location
remains undiminished: With 191 international corporate relocations and over 220
international headquarters Vienna brings together more global economic power
than all of Austria’s other provinces combined.
THE CAPITAL CITY OF QUALITY OF LIFE. Vienna not only performs excellently in
the face of international competition but also offers the Viennese a constantly high quality of life. This is
one of the key cornerstones of our city’s high productivity and creativity. For almost a decade Vienna has
occupied the number one position in the global Quality of Living ranking of the consultancy company
Mercer while in the recently published “Economist” ranking the Austrian capital replaced Melbourne after
many years at the top. In all these rankings Vienna stands out for its excellent infrastructure, high social
security, political stability and low crime rate. All of which result from our city’s successful strategy.
A SUCCESSFUL CITY INVOLVES EVERYONE. I am absolutely convinced: Only a dynamic city in which
everyone can participate, realise their dreams and get involved will be a successful city. Whether in poli-
tics, in their work or in private and public initiatives: With every contribution that they make the people
of Vienna are doing their bit to shape the future of their city. And the more that Vienna’s journey into the
future is based on shared commitment, the more stable and inclusive this future is sure to be.
Peter Hanke
Executive City Councillor of Finance, Business,
Digital Innovation and International Affairs
property market vienna 2018/19 3
Real
PA R K F L AT S 2 3, 1 2 3 0 W I E N
Success
for
Real
Estate
6B47 – YOU R P L ACE TO G O
F O R R E A L E STAT E I N V E ST M E N T
6B47 develops about 350 apartments per year.
We deliberately focus on a balanced mix of
condos and real estate investment models.
Everything from a single source
Financing and furnishing packages:
It will be a pleasure to set up your individual
package in cooperation with our long-term
partners - from financing to the selection of
furnishing including furniture.
Our current projects
· Althan Park, 1090 Vienna
· Park Flats 23, 1230 Vienna
· PhilsPlace, 1100 Vienna
Coming Soon
· Laxenburgerstraße 151, 1100 Vienna
· Höchstädtplatz 3, 1200 Vienna
Get in touch with us:
T +43 1 350 10 10 - 69
V E R K A U F S T E A M @ 6 B 4 7. C O M
W W W . 6 B 4 7. C O M
urban
development
In vogue: high-rise
buildings such as
“TrIIIple” on the
Danube Canal.
A growing city
Vienna is a dynamic city. New projects for living and working are
continuously being completed in its urban development zones.
CRANES AS FAR as the eye can see. A fast-growing city such city’s former South Station, is due for completion in 2020.
as Vienna needs a lot of new living and working space for The district, which is made up of the Sonnwendviertel and
its incoming population. At the beginning of 2018 1,888,776 Quartier Belvedere Central (QBC) projects, will be home to
people were living in the Austrian capital, which represents no fewer than 5,000 apartments and 20,000 jobs – as well as
an increase of more than 21,000 over the previous year. Ac- schools, kindergartens, hotels, shops and restaurants.
cording to estimates this trend will continue in the next few
years and the population should reach two million by 2029. A new life for railway land
It is for this reason that tens of thousands of apartments A number of projects in the North Station urban develop-
and jobs as well as public spaces will be created in the city’s ment zone in Vienna’s second district are already occupied.
numerous urban development zones during the next few By 2025, the former station site covering 85 hectares will be
years. It is particularly striking that most of these zones are home to around 10,000 apartments, 20,000 jobs and a range
located on former railway land in central urban areas. For of infrastructural facilities. Signa Holding’s Austria Campus
example, a new downtown district surrounding Vienna’s will be complete by the end of 2018. Around half of the of-
new Central Station, which opened in 2014 on the site of the fice space (200,000 square metres) will be used by Bank Aus-
property market vienna 2018/19 5
urban
development
tria as its headquarters. Restaurants, retail space, a hotel, a Laa urban development zone was completed in summer
medical and conference centre and a kindergarten are also 2018. “Living on the top” has long been one of the highlights
due to be realised. of the housing markets of Europe’s major cities. Another
A further new urban district should be developed on the such project is the three-part “TrIIIple” on the Danube Canal
nearby 44 hectare site of the Northwest Station from 2020. from the project partners SORAVIA and ARE Development
There are plans for 5,000 apartments for around 12,000 while SORAVIA will also complete the “Austro Tower” on the
people and for the same number of workspaces with a adjacent site by 2021. Also on the water – directly overlook-
gross floor area of 730,000 to 780,000 square metres. Around ing the Danube – the S+B Group is developing a new urban
ten hectares of public green space should be developed in quarter with six high-rise projects: the Donaucity.
the form of a narrow park stretching right across the site.
And it is also planned to replace the former railway tracks Planted façades
with a cycle path. The background: The urban development A further trend in urban areas is planted façades. These are
zone should remain free of through traffic. not only attractive to look at but also provide an agreeable
microclimate – which is extremely important in a large city
A trend towards towers such as Vienna. The comprehensive planting of façades is,
Building plots within the city are rare and expensive. This is for example, a central theme in the new Biotope City dis-
why today’s urban development also involves the construc- trict on the Wienerberg, and this theme is continued in the
tion of residential and office towers. And this trend has also diversified design of the open spaces of the district which
reached Vienna. An example of the residential towers that reflect the trend towards “urban gardening”. ÖSW AG and
will come to market in the next few years is the project others are building a total of 197 subsidised rental apart-
“Hoch 33” from ÖSW. The 33 storey building in the Monte ments on the former Coca Cola site on the Triester Straße in
6 property market vienna 2018/19
QBC makes it
possible to live, work
and relax close to the
city centre.
Vienna-Favoriten between now and autumn 2019. Each of 4,600 cubic metres of spruce from sustainably managed
the apartments will have a private green open space such Austrian forests will be used in the project and the share
as a loggia, a balcony with planters or a garden. of the development represented by timber building will be
75 per cent. Vanessa Haidvogl
Seestadt Aspern continues to grow
Vienna’s largest current urban development zone is in the
north of the city: Seestadt Aspern in Vienna’s 22nd district.
The North Station
The new urban district with 10,500 apartments for 20,000 will be home to a
people and 20,000 jobs is being built in phases on a site of second educational
around 240 hectares on which Aspern Airfield was once lo- campus by 2020.
cated. The first “Seestädter” have already moved in. Howev-
er, between now and the projected completion of the new
urban district in 2028 a lot of water will flow down the Dan-
ube and the Seestadt will become home to countless new
exciting and innovative projects. Incidentally, the project
derives its name from a lake covering 5.4 hectares.
One of the flagship projects in the Seestadt is HoHo
Wien, the world’s highest timber high-rise building. This
sustainable project from Kerbler Holding includes a total
of five buildings. The highest tower has 24 storeys and the
two smaller towers 16 and eleven respectively. Around
property market vienna 2018/19 7
quality of living
The world’s most
liveable city
“expats”, employees who spend
several years working abroad.
In addition to this, Vienna
is also the first European me-
tropolis to head the annual
Vienna has done it again: For the ninth time in a row it has been “Global Liveability Index” of the
well-known British weekly “The
named the city with the highest quality of living worldwide. Economist”. The study com-
pares 140 cities on the basis of
NOWHERE IN THE world does one live as well as in Vien- factors such as political stability, social security, access to
na. The international consultancy company Mercer has healthcare and education. In recent years Vienna has regu-
named Austria’s capital the city with the highest quality larly occupied second place on the list but this year it was
of living for the ninth time in a row, putting it at the head able to dethrone Melbourne after the Australian city’s sev-
of a list of 231 global cities. Decisive factors behind this re- en years at the top.
newed top positioning included, in particular, the good se-
curity situation, the well-structured public transport net- Infrastructure for two million people
work and the countless cultural institutions and leisure It is thus no surprise that a constantly increasing number
opportunities. The survey was based on the opinions of of people are being attracted to this liveable city. The popu-
8 property market vienna 2018/19
terms of education policy, Vienna is investing in campus
schools which combine kindergartens, all-day primary
schools and new middle schools in one location and enable
children between the ages of zero and 14 to learn together
in one school.
Tourism is booming
The excellent qualities of the city are also appreciated by
tourists from around the globe. In the first six months of
2018 Vienna’s tourist industry reported a new record of
7,223,000 overnight stays, an increase of 4.1 per cent over
the same period in the previous year. Around 80 per cent of
the overnight stays between January and June were made
by international visitors. Amongst Vienna’s top-ten mar-
kets, Austria, Germany, the USA, Great Britain and Russia
experienced single-digit growth whereas growth amongst
Chinese tourists again reached double figures. According to
Vienna’s tourism strategy, the city is seeking to reach the
targets of 18 million overnight stays and a turnover of one
lation of the federal capital should pass two million in 2029. billion euros by 2020.
The city is planning ahead in order to ensure that future
generations will also be able to enjoy this excellent quali- New record results for conferences
ty of life. Key infrastructure projects such as Vienna’s new Vienna’s meetings industry is also reporting excellent fig-
Central Station or the extensions to the U1, U2, U3 and U6 ures. In 2017 the city hosted more than 4,000 congresses,
underground lines have already been completed and the corporate events and incentive trips and all other key indi-
expansion of the network with the new U5 and a further cators rose significantly: Around 611,000 congress visitors
extension to the U2 are on track. Yet it is not only the net- represented an increase of eight per cent over the previous
work but also the price that is right. Thanks to the 365 euro year while the number of overnight stays by these visitors
annual ticket that was introduced in 2012 the number of rose nine per cent to a new record of 1,874,000.
passengers is greater than ever: In 2017 961.7 million pas- “The importance of conference and congress tourism for
sengers travelled by tram, bus and underground. More than Vienna becomes clear when one calculates the share of
half of all trips in the city are made by public transport. all overnight stays in Vienna represented by such guests.
Currently, the number of annual tickets in Vienna exceeds Conferences, congresses and incentive trips enjoy a 12 per
the number of registered cars. cent share of Vienna’s success in the field of tourism, which
The ease of combining career and family is another ar- means that the city owes every eighth overnight stay to the
gument in favour of Vienna as a location. Kindergartens sector,” says Tourism Director Norbert Kettner.
are free for children aged between zero and six. And in The contribution of Vienna’s conference industry to Aus-
trian value creation is no less gratifying. The significant
threshold of one billion euros was exceeded for the first
time in 2015 whereas the 1.163 billion euros generated in
2017 represented a further eight per cent increase over the
Austria Center
Vienna is Austria’s previous year. This value creation takes into account all
largest congress turnover which impacts upon the Austrian economy – not
center. just direct expenditure by participants, organisers, exhib-
itors and accompanying persons but also revenue in “up-
stream” areas of the economy (such as the food and drink,
printing and publishing, construction, banking, insurance
and communication sectors) that is indirectly generated by
events. Over the course of the past decade the value created
by the Vienna conference industry has risen by around 78
per cent.
The largest congresses of the second half of 2018 include
the United European Gastroenterology Week during which
14,000 participants will meet in the Austria Center Vienna
for a third time after 2014 and 2016. And Austria’s EU pres-
idency will also be responsible for an estimated 35,000 to
50,000 overnight stays in Vienna. Vanessa Haidvogl
property market vienna 2018/19 9
interview
More Vienna for living in
Sigrid Oblak, Managing Director of Wien Holding, on new projects in the
residential, educational and commercial areas.
currently have a total of 15 major real estate projects at
the design, development or construction stage. The entire
group is planning to invest around 147 million euros in
2018 and a large part of this will once again be invested
in real estate.
Which are the largest current projects?
Our largest current residential projects are “Neu Leop-
oldau”, where 1,400 – partly subsidised – apartments are
being built on the site of the former gasworks and “Wien
Oberlaa”, where 800 new apartments – including 120 so-
called “new council apartments” – are being built on the
site of the former AUA headquarters. In the area of com-
mercial and special real estate we are currently build-
ing a Social Centre for MA 40 at Anschützgasse 1. The
timber building will help people at difficult moments in
their lives.
Vienna continues to grow. How can Wien Holding con-
tribute to the development of the city?
Our group contains GESIBA and ARWAG, two important
residential developers who jointly realise around 1,000
new apartments in Vienna every year. The business park
that we have developed at Breitensee offers unique com-
mercial and working space for a wide range of needs. Our
company WSE Wiener Standortentwicklung was recently
commissioned by Wiener Linien to develop properties that
are surplus to operational requirements. The fi rst projects,
such as the reuse of a redundant tram shed, are already
on the drawing board. Such real estate projects are mak-
ing a significant contribution to the development of the
city. One thing, however, is always paramount: We want
to create “more Vienna for living in”. This means that our
real estate developments are always driven by the desire
to improve both their immediate surroundings and entire
districts – through the creation of parks and an infrastruc-
ture of new local services, etc.
A growing city needs adequate educational facilities.
How is the school expansion offensive going?
Wien Holding is one of Vienna’s most important real We are realising kindergarten and school projects in the
estate developers. In 2017 alone around 116.62 million shape of new-build, expansion and refurbishment pro-
euros were invested in the property field. What are the jects. We are currently executing ten projects such as
plans for 2018? Bildungsgrätzl Spielmanngasse in the 20th district. Here,
In 2017 we reported a turnover of around 545 million eu- we are expanding two existing primary schools while also
ros, the best result in the history of the company. And by building a new middle school without interrupting normal
representing almost 50 per cent of this total real estate operations. A total of 20 new classrooms are being built on
is our most important business sector in terms of turn- the site. In addition to these ongoing projects nine more
over and, hence, a major contributor to this success. We are already on the drawing board. Vanessa Haidvogl
10 property market vienna 2018/19new city district
Six Major Projects
on the Danube
The S+B Group are developing a new city district on one of the most attractive
locations in Vienna, directly on the Danube.
are directly adjacent. There
are also well-planned infra-
structure facilities such as the
optimal connection to public
transport services (U1), easy
accessibility via private trans-
port (A22), an optimal local
supply, restaurants, schools,
nursery schools and medical
centres.
Those who really want to
make the most of it can set
out on a trip to the New Dan-
ube, perhaps with their own
electric boat. This makes the
new DonauCity a residential,
working and recreational area
of a special kind. “In inter-
national terms, there aren’t
THE SITE AROUND the former Copa Cagrana is awaken- many big cities that can offer spaces quite so attractive”, says
ing from its slumber: Together with their partners, S + B Wolfdieter Jarisch, CEO of S + B Gruppe AG, based in Vienna.
Gruppe AG has acquired and redeveloped the majority of
the remaining DonauCity (DC) construction plots and are Family Business
thereby close to realizing a special kind of district. Through S + B Gruppe AG is a purely Austrian owned company that’s
innovative and sustainable construction planning, a total been realizing complex construction projects for more than
of 200,000 m2 of residential 30 years, mainly in Vienna, Prague, Bucharest and Warsaw
and office space will be built in their role as investor and general contractor. If you sus-
on the site over the next few pect a major construction company is behind the business,
years. In addition to the al- you’re mistaken. “We see ourselves as a family business
ready existing DC Tower 1, with 137 employees, with no bank or stock transactions in
a total of six major projects the background”, Jarisch continues. “To us, quality and sus-
are due to be constructed in- tainability count as our most important business factors.
cluding the DC 2 twin tower. For instance, years ago we developed the first LEED Plat-
Together, the DC 3, the DC inum-certified office building in Vienna, and this year we
Residential, the DC Flats, the received the prestigious Real Estate Brand Award in the Pro-
DC Waterline and the Dan- ject Developer category for the second time.“
Wolfdieter Jarisch, ubeFlats, will all form part of
CEO of S+B Gruppe AG
Vienna’s new skyline.
Perfect Infrastructure for Top Quality of Life S+B Gruppe AG
As a special highlight, the area around the DonauCity is
1030 Vienna,
particularly captivating due to its unique location, namely
Löwengasse 47
directly on the water, and also due to the Danube Island,
www.sb-gruppe.at
Danube Park and the Old Danube recreational areas which
property market vienna 2018/19 Promotion 11corporate
relocations
Vienna is a top location
for companies
Corporate relocations create jobs and investment.
VIENNA REMAINS AN innovative and dynamic business Austrian total. This means that around 25 new companies
location which is in the sights of both international and were established every day.
Austrian companies: After the City of Vienna reported a
record of 178 international corporate relocations in 2016, Vienna’s Agreement for the Future
the figure rose even further – to 191 – in 2017. This latest The economic motor continues to hum: WIFO forecasts fur-
record is the result of the intense joint efforts of the ABA ther economic growth for Vienna, predicting a level of 2.5 per
and the Vienna Business Agency. cent in 2018. In order to ensure that Vienna remains a suc-
The most common feedback from incoming companies cessful city for living, working and doing business in the fu-
is that they particularly value Vienna’s excellent infra- ture, Vienna City Council and the Vienna Economic Chamber
structure, stability and, hence, planning security. These have drawn up a joint working programme. Mayor Michael
numbers also show that internationality, modernity and Ludwig and Walter Ruck, President of the Vienna Economic
a cosmopolitan outlook are not just slogans but concrete Chamber, signed this “Agreement for the Future” in July.
location factors that safeguard investment, value creation The contents of the agreement include the simplifica-
and jobs. The 191 corporate relocations of 2017 triggered tion of the bureaucracy facing companies, the development
total investment of 537.1 million euros (a rise of 86.5 per of the infrastructure of the fast-growing city, the training
cent compared with 2016) and created 1,087 new jobs. of skilled workers and an internationalisation offensive.
E-government applications should, for example, be expand-
Germany continues to be ed. And another aim is to speed up the approvals process
the leading country of origin for operating facilities.
As in previous years Germany, which was responsible for In order to strengthen Vienna as a location for business
51 corporate relocation projects, continues to lead the list and innovation on the international stage, joint interna-
of countries of origin by a considerable margin. Next come tional activities are also planned. In the field of life sciences,
Switzerland (plus nine) and China (plus eight), both of for example, Viennese know-how is sought-after globally.
which achieved significant increases in 2017. Economic missions sent by the City Council and the Eco-
Vienna also remained in the forefront in 2017 in terms nomic Chamber should showpiece innovative IT solutions
of corporate start-ups. For example, the 9,098 start-ups re- and state-of-the-art technologies in the fields of smart cit-
ported in the city last year represent 22.7 per cent of the ies and biotechnology. Vanessa Haidvogl
12 property market vienna 2018/19location
development
Floridsdorf is a magnet Photovoltaic plant on an operational
for innovative companies. facility in the industrial zone of Liesing.
Forward-looking location
development in Floridsdorf
and Liesing
As a result of its fast-growing population Vienna is already the second largest
German-speaking city – and this trend is continuing.
THIS MEANS THAT the area occupied by business activities Thanks to their networks, both District Managements have
and, hence, the number of jobs must keep pace with this a good overview of the vacant commercial property in Lies-
development. In order to offer the best possible advice and ing and Floridsdorf and can support companies in their
support to both established companies and those relocat- search for a suitable object.
ing to Vienna, two District Managements were established
in the city on the initiative of the Vienna Economic Cham-
ber, the Vienna Business Agency and Municipal Department
21 of Vienna City Council: one in the industrial district of Standpunkt Liesing / Floridsdorf
Liesing and one in the industrial and commercial areas of
Floridsdorf. District Management
Standpunkt Liesing
The primary objective of District Management is to use
Perfektastraße 87 | 1230 Vienna
targeted measures to safeguard the commercial areas of
the 21st and 23rd districts for the long term and to establish Tel.: +43 1 236 77 15
Mail: office@standpunkt-liesing.at
these as attractive places for doing business in order to cre- www.standpunkt-liesing.at
ate the ideal environment for both new and existing jobs.
A particular focus is placed on the encouragement of re- District Management
Standpunkt Floridsdorf
source-friendly economic activities and the involvement of
Franz-Jonas-Platz 10/2/8 | 1210 Vienna
local businesses. Needs-based consultancy services inform
companies about opportunities for energy-efficient, envi- Tel.: +43 1 353 04 19-10
Mail: office@standpunkt-floridsdorf.at
ronmentally-friendly operation and any available subsidies.
www.standpunkt-floridsdorf.at
The extremely high standards of both locations help
them to attract relocating companies. The District Man- co-financed
agements are service-oriented points of contact for both by
local businesses and those interested in coming to the area.
property market vienna 2018/19 Promotion 13interview
Vienna –
a smart city
With its “Initiative Smart City Wien” Vienna is
creating not only a liveable city for its inhabitants
but also a competitive advantage in the race
to attract new companies, confirms Thomas
Madreiter, Vienna’s Director of Planning,
in this interview.
this sense, the smart city also safeguards the business loca-
tion. For example, United Smart Cities – a global smart cities
programme which was established by the United Nations
Economic Commission for Europe (UNECE) and the Organi-
sation for International Economic Relations (OiER) – opened
the first Smart City Lab in Vienna in May.
Does the initiative concern specific projects or districts in
Vienna or is the idea being “rolled out” across the city?
The idea and the related measures are valid for the whole of
Vienna. Comprehensive information is offered by our Smart
What is the “Initiative Smart City Wien”? City Agency which is based within Urban Innovation Vienna
“Smart City” is Vienna’s core strategy. It covers the issues of (UIV), a 100-per-cent-subsidiary of the City Council. There
quality of living, saving resources and innovation and in- are additional pilot projects in individual urban develop-
volves such detailed targets as an 80% reduction in green- ment areas such as Aspern Smart City Research (ASCR) or
house gas emissions by 2050 vis-à-vis their 1990 level. The Smarter Together in Simmering.
strategy was agreed by Vienna City Council in June 2014 and
is currently being updated on the basis of a completed mon- What do you see as the most important factors for a smart
itoring of the results so far. city in the coming years?
The initiative is already strongly anchored in the city. The
What are currently the major challenges in Vienna? aim for the next few years must be to strengthen the role of
Maintaining a sustainably high quality of living in view of business. Furthermore, the issues of climate protection and
the city’s growth and the global climate crisis. This involves adapting to the climate crisis are becoming steadily more
urban planning questions as well as issues from education important all around the globe. Viennese solutions could be
to economic policy. A central subject in all of this is how to much more strongly positioned internationally. Cities every-
keep the city affordable. where are interested in knowing how Vienna solves its prob-
lems and maintains the leading position in terms of quality
How important is a smart city for attracting relocating of living confirmed by, for example, the Mercer rankings and,
companies? more recently, “The Economist”. This also benefits both the
A smart city is a city that has already recognised and is al- location and the innovative companies and demonstrates a
ready addressing the problems of tomorrow. This improves particularly high level of credibility in view of the interna-
Vienna’s position in the competition between cities. Com- tional appreciation of Vienna’s strengths. However, a basic
panies interested in settling here get the message that they prerequisite for this is that Vienna is comprehensively com-
will still be in the right place in Vienna in 30 years’ time. In mitted to innovation. Walter Senk
14 property market vienna 2018/19research &
development
From molecular biology to
medical technology: Vienna
has developed itself into an
important R&D location.
Research & its performance in the areas of re-
search, technology and innovation.
Development
The number of resident research
companies has increased by 300%
in 15 years! Vienna is now one of
Booming in Vienna
the leading locations for research
expenditures in Europe. In total,
around 1,000 Viennese companies
employ 46,000 people in research
and development. With a research
Whether biotech, pharma, medical tech or green energy: quota of 3.66 percent, Vienna ranks
among the top regions in the EU.
Vienna plays host to a multitude of high-quality multinational
The positive development is no co-
research institutions as well as a number of industry clusters incidence. With targeted long-term
investments in research and tech-
and innovation labs.
nology projects, the City of Vienna
consciously places emphasis on
DUE TO ITS location, Vienna has been enjoying increasing sustainable impetus. Priority areas are: Information and
interest from international companies for years. Above all, communication technologies, life sciences, energy and
numerous companies from the research and development environment, mobility and construction as well as urban
(R&D) sector have chosen the location as a headquarters manufacturing. A total of around €12.3bn will be spent on
for their activities in Central and Eastern Europe. By the R&D in Austria in 2018 representing an increase of 5.6%
same context, the ideal economic conditions and funding over the previous year. Around €4.2bn of which is to be
opportunities provide an excellent environment for re- contributed by the public sector. One sure reason for the
search-oriented companies and scientists alike. The list of increase is that the research premium for 2018 has been
resident corporations reads rather like the who’s who of the increased to 14% for companies based in Austria.
global life sciences industry: International companies such There are bountiful good examples of global research
as Boehringer Ingelheim, Baxter, Otto Bock and Siemens all and life science institutions which have settled in the fed-
place great emphasis on Vienna as a research location. A eral capital. A major international example thereof is the
myriad of pioneering achievements in the R&D sector have US company; LifeNet Health. LifeNet Health is a world lead-
come from Viennese laboratories. One characteristic fea- er in “human tissue transplantation” and recently opened
ture in particular is the dense network of producers, sup- its European headquarters in Vienna. LifeNet Health is the
pliers and service providers. There are also copious com- world’s largest provider of transplant solutions and human
petence centres, innovation labs and industry clusters that tissue. Every year, more than 600,000 allograft implants are
jointly organize clinical trials. distributed to 32 countries on five continents. However, na-
tional initiatives, such as the “Green Energy Lab”, Austria’s
Market Leader as Research Region largest national energy project, also show that whether na-
A quick look at a few figures and some data shows that in tional or international, R&D knows no borders and is an
recent years, Vienna has made an impressive recovery in endless process... Helmut Wolf
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Vorlaufstrasse 3 | A-1010 Vienna • Roof terrace with views over Vienna Tel.: +43 1 317 17 17 - 75
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Rossauer Lände 23 | A-1090 Vienna We offer „all-day“ concierge services and our Email: reservations@my-place.at
staff are available for any questions or requests.interview
The development of
new urban districts
Johannes Karner, Managing Director of ÖBB-Immobilien-
management GmbH, on the company’s role in urban development
and new projects in Vienna and the provinces.
ÖBB-Immobilienmanagement What are the locational advantages of ÖBB properties?
GmbH has been active on the Our properties have excellent transport connections due
market for a long time. Have to the fact that they are almost always adjacent to a sta-
your expectations been met? tion. They are also sought-after because of their scale and
ÖBB-Immobilienmanagement central locations. During the implementation of projects
GmbH has been developing local authorities tend to transform station forecourts
large and centrally located into local transport hubs. This provides a good basis for
areas of land for the ÖBB for attracting public administrative bodies and hotels. The
many years. We have succeed- results of this include the limiting or even prevention of
© ÖBB/Scheiblecker
ed in finding optimal new uses private cars in city centres and the encouragement of the
for former ÖBB properties as a use of the railways. A number of development projects of
way of facilitating the devel- properties in Vienna, Linz, Graz, Salzburg and Innsbruck
opment of completely new urban districts with educational provide good examples of this process.
facilities and residential and office space for thousands of
people. Two of the most impressive examples of this are the Do smaller towns also offer such potential or are your ac-
development of the areas around Vienna Central Station and tivities focussed on Vienna and Austria’s provincial cap-
the former Vienna North Goods Station. So yes, I think that we itals?
have met expectations and given an important boost to the Our largest land reserves are certainly to be found in Vien-
development of the city. na and the provincial capitals. In the medium term, how-
ever, we would also like to implement our development ap-
What is your next focus in Vienna? proach in smaller towns. One good example of this is our
The largest ÖBB property which is due to be rezoned and highly innovative development project in Amstetten. Over
commercialised in the next few years is the former Vienna the course of the next few years we will develop nine hec-
Northwest Terminal and Goods Station, which has a devel- tares of railway land into new residential forms such as
opment area of 440,000 square metres. This will become sheltered and multi-generational housing and alternative
home to apartments for 14,000 people, offices, schools and health facilities in partnership with Amstetten City Coun-
kindergartens, all of which will be laid out around a ten cil and the entire Mostviertel Region. I believe that this
hectare park. The commercialisation of the fi rst plots will project represents an innovative and forward-looking ap-
be able to start in a couple of years following the approval proach to the realisation of new, individual and needs-ori-
of all permits and of the development and land use plan. ented concepts in rural areas.
18 property market vienna 2018/19homes.
dedicated to the
good life.
RENNGASSE 1O, 1O1O VIENNA
DOORMAN • LOUNGE • GYM
DESIGN BY 3XN ARCHITECTS
E X C L U S I V E MA R K E T I N G B Y J P I M M O B I L I E N
+43 1 596 60 20 .N o 10.AT
wwwinterview
Pioneers in urban planning
Vienna is on track to becoming a metropolis with a population of two
million. Brigitte Jilka, the city’s planning chief, explains the challenges
that this presents for planners.
What decisions is the City applies to both the buildings themselves – the building
Planning Directorate hav- services – and the expectations of users. Digitalisation is
ing to take today in order revolutionising teaching methods and this is influencing
to ensure that Vienna is both the spatial programme and the level of equipment.
still one of the cities with And climate change is having a strong impact on building
the highest quality of life design in general. We are constantly looking at innova-
worldwide in 2030? tions – particularly in the area of building cooling.
Major infrastructure pro-
jects have long lead-times How do you arrive at the conclusions that form the basis
in terms of both design and for further urban planning measures?
permitting. Just think of Expanding our horizons internationally and in terms of
the sixth bridge across the know-how is the best way of adding to our own expertise
Danube or the U5 under- and forming this basis. We regularly organise study tours
ground line. We have had and presentations in and with other cities. The feedback
concepts for these projects shows that Vienna is still a pioneer in many areas and that
for more than a decade yet the city’s top position in so many rankings is no invention.
it will still take some time By exchanging ideas with other cities we are constantly
before they are open to learning how to solve problems even more effectively. We
traffic. This is why we are make careful use of research in our projects. Aspern Smart
already working with the City Research which we set up in Seestadt Aspern is a driver
ÖBB on the regional train of innovation whose research will have an impact far be-
network for 2030. A dense yond the boundaries of the Seestadt “laboratory”.
public transport network
will continue to be one of Can city planners also influence such current issues as
the central pillars of Vien- the creation of affordable housing?
na’s high quality of life. The As a public body the City Planning Directorate acts in line
same applies to the city’s with political programmes and decisions. The creation of
network of green spaces. It affordable housing is one of Vienna City Council’s top prior-
takes time for a tree to cast a shadow or a park to take full ities. We are constantly making suggestions and proposals
effect. This is why the fi rst construction phase of a large for improving the parameters. However, the implementa-
urban development district always includes the creation tion of many of these ideas requires changes to the legal or
of its central parks. contractual framework and, hence, political decisions. Re-
gardless of whether we are considering zoning or develop-
Urban planning must have a vision. What will future gen- ment plans, subsidies or the drawing up of norms, the City
erations require in order to live or to create a home? Planning Directorate plays an integrating, coordinating and
Those key words “future generations” lead us straight to controlling role. And if a concrete project has hit a snag we
the construction of educational facilities. School building get everyone together, decide the next steps, initiate politi-
is constantly evolving in line with new technologies. This cal decisions and solve the problem. Vanessa Haidvogl
20 property market vienna 2018/19RE
AUSTRIAN
REAL
ESTA
TATE
TA
ATE
OFFEN FÜR NEUE PERSPEKTIVEN.Map of Development Projects in Vienna
Recently completed, currently under construction, or soon to be developed:
Projects in Vienna (selection)
Am Kaiserforum MQM Wien Oberlaa Leopoldtower
1 1010, Nibelungengasse 15
16 1030, Neu Marx
32 47 1210, Wagramer Straße 195
1100, Kurbadstraße
www.amkaiserforum.at www.mediaquarter.at www.wse.at www.leopoldtower.at
Goldenes Quartier Neu Marx Shuttleworthstraße 69
2 17 33 Wiener Netze Smart 48 1210, Shuttleworthstraße 69
1010 1030, Karl-Farkas-Gasse Campus
www.goldenesquartier.com www.neumarx.at www.stha-wohnbau.at
1110, Erdbergstraße 236
www.wienernetze.at Standpunkt Floridsdorf
Rathausstraße ORBI Tower 49
3 1010, Rathausstraße 1
18 1030, TownTown 1210, Franz-Jonas-Platz 10
Euro Plaza
www.rathausstrasse1.at www.orbi-tower.at 34 www.standpunkt-floridsdorf.at
1120, Am Euro Platz 3
www.europlaza.at Stilvolle
4 Schwedenplatz
19 Post am Rochus 50 Eigentumswohnungen
1010 1030, Rasumofskygasse
INNO-PLAZA im Norden Wiens
www.donauraum.at www.postamrochus.at 35 1210, Stammersdorfer Straße
1120, Pottendorfer Straße
Hafen Wien 23-25 253+257
VIE - Lände 3
5 1020
20 1030, Erdberger Lände www.inno-center.at www.frieden.at
www.wienerhafen.com www.vie-laende3.at
Techbase
36 Wohnpark Hietzing 51 1210, Siemensstraße 103/
Messekarree VIENNA BIOCENTER 4 1130, Klitschgasse 7
6 1020, Ausstellungsstraße /
21 1030, Neu Marx
Giefinggasse 2
www.raiffeisenevolution.com www.wirtschaftsagentur.at
Vorgartenstraße vis-á-vis www.sb-gruppe.at
Wiener Messe Wirtschaftspark
www.prisma-zentrum.com Liniengasse 1060 37 52 aspern IQ
22 Breitensee 1220, Seestadtstraße 27
1060, Liniengasse 36 1140, Goldschlagstraße 142 www.aspernIQ.at
Nordbahnhof www.liniengasse1060.at
7 1020
www.wp-breitensee.at
aspern Seestadt
immo.oebb.at Telegraf 7 53
23 1060, Lehargasse 7 38 Hillside Grinzing 1220
1190, Langackergasse 11 aspern-seestadt.at
UniCredit Bank Austria www.telegraf7.at
8 Campus
www.hillsidegrinzing.at
DANUBE FLATS
1020 Althan Park 54 1220, Wagramer Straße 2
24 1090, Nordbergstraße 15 39 Kay29
www.bankaustria.at www.danubeflats.at
1190, Heiligenstädter Lände 29
www.althan.at
Urbanes Wohnen www.jtp-group.at DC Tower
9 beim Augarten Wohnbau Pelikangasse
55 1220, Donau-City-Straße 7
25 Square plus
1020, Josefinengasse 6 1090, Pelikangasse 1-3 40 www.dctowers.at
www.josefinengasse.com www.raiffeisenevolution.com 1190, Leopold-Ungar-Platz /
Muthgasse Exklusives Wohnen
Business Park Vienna www.raiffeisenevolution.com
56 im Grünen
VIERTEL ZWEI -
10 DENK DREI
26 1100, Wienerbergstraße 11 1220, Gartenheimstraße 31
1020, Trabrennstraße www.businessparkvienna.com Nordwestbahnhof www.frieden.at
41
www.viertel-zwei.at 1200
Hauptbahnhof Forum Donaustadt
27 immo.oebb.at 57 1220, Dr.-Adolf-Schärf-Platz
VIERTEL ZWEI - RONDO 1100
11 1020, Trabrennstraße www.immo.oebb.at Am Bisamberg 77-79
www.viertel-zwei.at
42 58 HoHo Wien
1210, Am Bisamberg 77-79
Laxenburger Straße/ 1220 Aspern
VIERTEL ZWEI -
28 Landgutgasse
www.stha-wohnbau.at www.hoho-wien.at
12 STUDIO ZWEI 1100 Energybase Moderne
1020, Trabrennstraße www.immo.oebb.at 43 59
1210, Siemensstraße/ Eigentumswohnungen
www.viertel-zwei.at Giefinggasse 6 im Süden Wiens
Philip’s Haus
Beatrix Spa
29 1100,
www.wirtschaftsagentur.at 1230, Autofabrikstraße 20
13 1030, Beatrixgasse 14 Clemens-Holzmeister-Straße 1
www.frieden.at
Florasdorf
www.beatrix-spa.at www.6b47.com 44 Park Flats 23
1210 60 1230, Hilde-Spiel-Gasse 2-4
MGC Plaza QBC 5 Hotel ibis & immo.oebb.at
14 1030, Modecenterstraße 20/
30 Novotel
www.parkflats23.at
Futurebase
Leopold-Böhm-Straße/ 1100, Gertrude-Fröhlich- 45 61 Standpunkt Liesing
Döblerhofstraße Sandner-Straße 5 1210, Giefinggasse 4
1230, Perfektastraße 87
www.strauss-partner.com www.futurebase.wien www.standpunkt-liesing.at
MGC West
15 1030, Quartier Belvedere Jedlersdorfer Straße 376
46 Wirtschaftspark Süd
Leopold-Böhm-Straße 1-6/
31 1100 1210, Jedlersdorfer Straße 376 62 1230, Siebenhirtenstraße 12
Urschenböckgasse www.qbc.at www.stha-wohnbau.at www.wirtschaftsparksued.at
Industry/Offices Residential Mixed Use In Planning
22 property market vienna 2018/1943
42
44
53
40
39
38
37
41 48 51
19
45
8 4
50
47
7 52 46
20
49
11
3 12
1 2 9
6
10
13
18
35
17
36 15
27
16
21 28 14 30 31
22
5
32 29
25
33
26
34
24 23
55
56
54
MA 41 – Stadtvermessung© Oesterreich Werbung/Volker Preusser
interview
Althan Park, 1090 Wien PhilsPlace, 1100 Wien
Living space with
added value
6B47 has transformed a former post office headquarters in a top location in downtown Vien-
na into a high-quality, contemporary residential building. Chairman of the Board Peter Ulm
reports upon what makes the refurbishment project known as Althan Park so special and which
other projects are in the pipeline in Vienna.
Your prestige object in Vien- providing for a combination of living, working, social, com-
na, “Althan Park”, will soon mercial, tourism and leisure activities.
be completed. What is spe-
cial about this project? How many residential units will there be in “Althan Park”?
“Althan Park” is a textbook Around 240 units with a broad range of sizes and floor plans
example of a building con- and a total area of 18,000 square metres. A particular asset
version that uses resourc- of this centrally located residential building is the modern,
es extremely efficiently. We high-quality finishes: All units have parquet floors, under-
have transformed an office floor heating, a video intercom and an external space.
block that had stood empty
Peter Ulm, for years into a high-quali- Which projects are you currently building or planning in
Chairman of the Board 6B47 ty mixed-use building while Vienna?
completely retaining the This summer saw the opening of “PhilsPlace” which has 135
original basic structure. As the property is located at the full-service apartments and commercial space in the base
heart of an inner city residential area that had evolved over and is another change-of-use and revitalisation project. We
many decades it was very important to us to revitalise it with also completed “Parkflats 23”, 160 freehold apartments on
great sensitivity. By retaining the reinforced concrete frame Liesingbach in the 23rd district, in June 2018. The residential
we prevented thousands of journeys of trucks loaded with buildings “3rdBerg” and “Paragonstraße” in the 3rd district and
rubble and new building materials. “Teichgasse” in 1100 Vienna are currently on site and the con-
struction of the “Hirschstetten” project in the 22nd district
What mix of uses is planned? will start soon while the residential building “OpenUp!” in the
“Althan Park” is part of our “Althan Quartier” urban district tenth district is currently in the approvals phase. And the con-
development project. We are developing an area of 2.6 hec- struction of further residential projects in the tenth and 20th
tares around Franz-Josefs-Bahnhof in the ninth district into districts will also start in 2018/2019. Anita Orthner
a district centre that will slip harmoniously into the existing
neighbourhood structure. A colourful mix of uses should en-
courage the emergence of a new, dynamic quarter. Our aim is
to largely retain existing structures and integrate these into 6B47 Real Estate Investors AG
our district development projects. We are convinced that
1190 Vienna,
economic and social needs must be given equal priority if
Heiligenstädter Lände 29/4
new quarters are to have the best chances of success. This
is why we have envisaged a mix of uses for “Althan Park”. In
www.6B47.com
line with the slogan “Living space with added value” we are
property market vienna 2018/19 Promotion 23St. Pölten-Wörth Logistics Facility © ÖBB/Luftbild Redl Amstetten Station © ÖBB/BLAU
HIGH-QUALITY
ENVIRONMENTS
IN CENTRAL
ÖBB LOCATIONS Vienna Northwest Station
© ÖBB/enf Architekten
Vienna is growing steadily. The movement of people to
the city is relentless and its population is set to pass
the two million mark during the coming years. This
means that the federal capital is one of the fastest
growing cities in Central and Eastern Europe. This
strong influx is reflected in rising demand for new
living space. Hence, more than 25,000 apartments –
together with offices, hotels, retail and service space,
parks and educational facilities – will be built on former
ÖBB land between now and 2030.
Graz Central Station
VIENNA VIENNA © ÖBB/Luftbild Redl
NORTHWEST STATION LAXENBURGER
The 440,000 m2 Northwest STRASSE /
Station is still partly used as a
LANDGUTGASSE
freight facility. Between now and A new urban district on a site
2030 it will be transformed into a covering 90,000 m2 close to
new urban district: the Central Station is due for
completion by 2025:
• Apartments
• 1,000 apartments
for 13,000 people
• 50,000 m2 of office space
• Office space
for 5,000 jobs • Retailers and service providers
• Cultural and leisure facilities • School campus
• Retailers and service providers
• School campus ST. PÖLTEN-WÖRTH
• 10-hectare park
LOGISTICS FACILITY Vienna Laxenburger
A 200,000 m2 ÖBB logistics Straße / Landgutgasse
© ÖBB/Roman Bönsch
facility with a direct rail connection
AMSTETTEN is located to the south of the
STATION Lower Austrian provincial capital of
St. Pölten:
An area of approximately
100,000 m2 around the station will • Sale of areas starting
be given a series of new uses: at 20,000 m2
• Healthcare facilities • Site close to the western
motorway and main western ÖBB-Immobilienmanagement GmbH
• New residential forms railway line 1020 Vienna, Nordbahnstraße 50
• Public amenities • Connection to the B20 via Phone: +43 1 93000-32698
• Cultural and leisure facilities a road bridge E-mail: immo.service@oebb.at
property market vienna 2016/17 immo.oebb.atinterview
aspern Seestadt: lighthouse
projects on the lakeshore
Gerhard Schuster, CEO of Wien 3420 aspern Development AG,
on Seestadt as a workplace, new horizons and lighthouse projects on the lakeshore.
What is your current focus?
In the new Lakeside Park Quarter, the concept
of combined living + working is truly coming
alive for the first time. More than 2,500 people
will eventually work in the Quarter’s offices,
businesses and F&B enterprises. 14 innovative
projects – including 5 high-rises – with a total
gross floor area of 230,000 m2 are taking shape
in a prime location adjacent to the underground
station. The best known is one of our lighthouse
projects, HoHo Wien, which is the world’s tallest
timber high-rise and features a remarkable hy-
brid timber construction method. On the neigh-
bouring plot a study is under way for our next
lighthouse project under the working title work-
flow, which we’re developing with HoHo master-
mind Rüdiger Lainer and the strategic consul-
tancy M.O.O.CON around the concept of “New
Work”. The size of the site, its location overlook-
Mr Schuster, it’s now 10 years since the aspern Seestadt ing the Lakeside Park, Sonnenallee boulevard and the U2 line
brand was launched. What stage is the project at today? and a stand-out interior make workflow very exciting indeed.
First, a brief recap: The master plan on which the city brand- Further away on the development horizon but already taking
ing process was based was actually approved the year before, concrete shape for us is the “new” northern lakeshore centred
in 2007. The plan stipulated that the new urban development on the diverse, vibrant Lakeside Crescent quarter and a further
zone was to provide both housing and workplaces, and that a high-rise project. All these business hotspots have several fea-
central lake would give the place a unique flair. The next few tures in common: direct access to the lake, parks and attractive
years were largely taken up with planning processes, approval squares, a full spectrum of urban amenities with restaurants,
procedures, vision development and lobbying cafés and shops on the doorstep, excellent trans-
work. Late 2012 saw the completion of the port links and an innovative environment.
first building, the Seestadt Technology Centre;
the underground link followed in 2013, and Talking of innovation and Industry 4.0 –
exactly four years ago the first wave of pio- what’s new on that front?
neers moved into their new homes. The Seestadt Technology Centre is about to en-
Today a quarter of the total site has been ter an exciting new phase. It’s already home to
developed, 6,800 people live at Seestadt and our Industry 4.0 pilot plant, Aspern Smart City
2,000 work here, not including the crews on Research, an array of start-ups and the global
the construction sites. Alongside the major high-tech player Atos, and a further 6,800 m2 of
employers such as HOERBIGER and Wien production facilities and office space for high-
Work we also have shops and businesses, tech, research-led enterprises are due for com-
research institutions, schools and admin- Gerhard Schuster, pletion in 2019. Vanessa Haidvogl
istrative facilities, healthcare practitioners CEO Wien 3420 aspern
Development AG
and so on. www.aspern-seestadt.at
26 Promotion property market vienna 2018/19BUILDINGTHE FUTURE
What will the cities of the future look like? What does sustainable building
mean? What will people and the economy need in 30, 50 or 100 years? We find
answers. We specialise in difficult tasks. We don‘t plan for today, we plan for
the future and generations to come. With our projects we create space for the
industries of tomorrow – for Vienna and for its citizens.
Development is our passion. We are building the future.
WSE Wiener Standortentwicklung
www.wse.at
Wiener
Standortentwicklungculture
Two exhibitions have also been
dedicated to the 150th anniversary:
The “150 Years of the Opera House
on the Ring” show will take place
in the building itself, using original
documents, loaned items and snap-
shots in artistic positions, recitals of
personal fates and milestones to set
the building in a completely different
light, and “The Elite Dance - 150 Years
of Ballet at the Vienna State Opera” in
the Theatre Museum (as of 16th May,
2019). The State Opera building was
constructed as one of the first magnif-
icent buildings on the newly created
ring road. It was designed by the Vi-
ennese architects August Sicard von
Sicardsburg and Eduard van der Nüll.
Free Admission to the Opera
The Vienna State Opera schedule for
the 2018/2019 season offers a world-
wide unique range of 50 opera works,
16 ballets and five children’s pro-
grams. The six opera premieres play-
150 Years of
ing at the “Haus am Ring” include not only the newly staged
repertory classics “Frau ohne Schatten” by Richard Strauss
and “Otello” by Giuseppe Verdi, but also Hector Berlioz’s “Les
the Vienna
Troyens” and Gaetano Donizetti’s “Lucia di Lammermoor”.
The “Opera live am Platz” will also be running during the
2018/19 season again showing approximately 85 live per-
State Opera
formances throughout the months of April, May, June and
September on a 50 sqm video wall on the Herbert-von-Ka-
rajan-Platz with free admission. On February the 28th,
2019, the Vienna Opera Ball will be held for the 63rd time,
transforming the building into a magnificent ballroom for
In 2019, the Vienna State Opera will one night and thereby rendering it Austria’s most impor-
be celebrating its 150th anniversary. tant meeting place for artists, politicians and entrepreneurs
from all over the world.
The highlight of the coming season is
the premiere of Richard Strauss› «Frau The Musical City of Vienna
A cultural metropolis like Vienna has a number of prestig-
ohne Schatten» on May 25th, the official ious music institutions: The Volksoper is Vienna’s second
largest opera house and offers a variety of stage art, from
opening day of the State Opera.
opera to operetta to musicals and from ballet to contem-
porary dance. Vienna’s classical concert life is dominated
THE YEAR 2019 marks the 150th anniversary of the open- by two major establishments: The Musikverein and the
ing of the opera house on Vienna’s Ringstrasse. On the 25th Konzerthaus. Musicians from all over the world know the
of May, 1869, the Vienna State Opera was inaugurated with Musikverein from the New Year’s Concert, which the Vi-
Mozart’s “Don Giovanni”. The Vienna State Opera will be enna Philharmonic celebrates each year with works from
celebrating the anniversary on May the 25th, 2019, with a the Strauss dynasty and its contemporaries, and which is
ceremonial act followed by an evening premiere of the “Frau watched by a TV audience of millions all around the globe.
ohne Schatten” opera by Richard Strauss. On the 26th of May, The Vienna Konzerthaus was opened in 1913 and is the
there’ll be anniversary festivities at the Herbert-von-Kara- Vienna Symphony Orchestra’s main venue. The inner-city
jan-Platz. There will also be ensemble singers, guests, the Vi- Ronacher and Raimund Theaters opened in 1893 in the
enna State Ballet, the State Opera Orchestra and many other sixth district have also established themselves as renowned
artists playing on the public areas around the opera itself. musical stages. Vanessa Haidvogl
28 property market vienna 2018/19You can also read
