Already in 2017, the real estate capital investment company, LLB Immo KAG, acquired two of the ten building structures of the high-volume construction project “Ensemble” implemented in Vienna’s 3rd district for a real estate private-label fund created on behalf of VBV - Vorsorgekasse AG. The properties located directly at the Danube Canal and in close proximity to the Green Prater form a new urban quarter offering housing opportunities and places to unwind. The two buildings acquired by LLB Immo KAG were awarded the “klimaaktiv BRONZE” building standard by the Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation and Technology which stands for a high level of energy efficiency, ecological quality, comfort and high-quality construction.

The buildings thus perfectly complement the real estate private-label fund which has been awarded the Austrian Ecolabel for sustainable financial products (UZ 49) in early 2020. The two housing projects were implemented in close cooperation with ARE Austrian Real Estate Development GmbH and Premium Bauträger GmbH, and were handed over to LLB Immo KAG at the turn of the year 2019/2020.

Despite the large number of competitors on and surrounding the construction site, as well as the coronavirus pandemic, full occupancy could still be achieved for both buildings as per August 2020.

“Thanks to the great work in the course of the entire realisation process - from the selection of the project to the construction costs - we managed to quickly achieve full occupancy even in these economically challenging times. The extraordinarily well-calculated cost structure not only ensures affordable housing in the heart of Vienna but also meets the expectations of the fund initiator in a more than satisfactory manner”, managing director Michael Schoppe is happy to comment.

Portrait

For over 15 years, LLB Immo Kapitalanlagegesellschaft m.b.H. – a subsidiary of Liechtensteinische Landesbank (Österreich) AG - has been successfully active in the real estate investment fund business and currently manages the retail fund LLB Semper Real Estate which has received multiple awards, as well as a large-investor fund and two private-label funds with a total volume of some EUR 1.4 billion. The experienced management of LLB Immo KAG which grew by a number of established experts in the past years, is constantly working on sustainably expanding the company’s overall portfolio.

Contact

Liechtensteinische Landesbank (Österreich) AG
Theresa Böhler, Head Marketing & Communications
Telephone +43 1 536 16-222
E-mail: theresa.boehler@llb.at
Internet: www.llb.at