MARINA TOWER: The currently highest residential tower in Vienna is finished

1/31/22
  • Transfer of the 511 apartments to owners starting at the end of January
  • More than 90 percent of the units already placed
  • 41 floors, 140 metres high, 44,850 sqm of floor area
  • Excellent location on the Danube, by the underground and near the entrance to the motorway

One of Vienna’s most sensational residential projects has been completed: MARINA TOWER, with a height of 140 m and 44,850 sqm of floor area, striking architecture (Zechner & Zechner), unparalleled location on the Danube and currently the tallest and perhaps most spectacular residential tower in the federal capital, was completed after a little more than three years of construction. The total of 511 apartments (424 condominiums in the high rise and 87 rental apartments in the neighbouring low rise will be handed over to their future occupants at the end of January 2022.

 

Demand is excellent for apartments in the tower, which was built as part of a joint venture between BUWOG and its project partner IES Immobilien:  by the time construction was completed, more than 90 percent of all units had already been placed. The remaining units offer a choice of three- to six-room apartments ranging from 68 sqm to 295 sqm with exclusive views of the Danube or the city.

 

“With MARINA TOWER, we have been able to complete the first of an entire series of remarkable large-scale projects that we are currently carrying out," says Andreas Holler, managing director of MARINA TOWER Holding GmbH. “There is obviously a need for exceptional residential offers in Vienna. It has been worth it to forge new paths, and this courage has been rewarded with outstanding marketing success. This emboldens us in our strategy, in which innovation has an extremely high priority.”

 

David Hofmann, also managing director of MARINA TOWER Holding, underlines the importance of the tower for urban development: “The locations along the Danube, especially in the vicinity of the Prater recreational paradise and with underground connections to the city centre, offer the best conditions for high-quality residential construction. MARINA TOWER is the new landmark of this Viennese waterfront and, with the Handelskai superstructure, the MARINA Deck, provides direct and public access to the banks of the Danube, thus also added social value.”

 

Christian Schön, managing partner of AURIS Immo Solutions, which acquired the low-rise component for the Austrian Sustainable Real Estate Fund, is also very confident: “The high level of recreational value, proximity to the city centre and the airport and, above all, its international flair make MARINA TOWER an absolute top location in Vienna, which will be highly attractive for both Austrian and international tenants.”

 

 

About BUWOG

BUWOG is the leading full-service provider in the Austrian residential property market and now looks back on 71 years of expertise. Its property portfolio encompasses approximately 21,500 units and is located in Austria. The development pipeline in Vienna includes approximately 7,040 units. In addition to Asset Management, the entire value chain of the residential sector is covered by Property Sales and Property Development. BUWOG Group GmbH is a subsidiary of Vonovia SE, Europe's leading residential company, whose headquarters are in Bochum (Germany).

 

About IES Immobilien

IES Immobilien-Projektentwicklung GmbH was founded in 2008. The Austrian family business specialises in the development of innovative real estate projects and in real estate consulting services. IES brings visions to life for people and, in real estate projects, pursues a holistic approach that reconciles innovation, service and quality. IES has years of experience in the successful development and realisation of real estate projects such as GartenPark am Anninger in Mödling, Junges Wohnen in  Meidling and the serviced apartment project LiV’iN Residence in Vienna. In addition to the flagship Marina Tower project, IES Immobilien is currently developing another innovative urban development project, the Y-Towers in Overhoeks (Amsterdam, NL), which includes a residential tower, serviced apartments and a congress hotel.

 

About AURIS Immo Solutions

Vienna-based real estate specialist AURIS Immo Solutions GmbH (Immo Solutions) offers customised solutions in real estate management for institutional investors in Austria and Germany. In July 2017, the Austrian Sustainable Real Estate Fund, a special real estate fund certified with the Austrian environmental label, was successfully launched together with BNP Paribas REIM Germany Service KVG, followed in January 2020 by another special fund, the Austrian Social Real Estate Fund, which focuses on care homes. Immo Solutions is initiator and asset manager of both special funds. With the two special real estate funds and direct mandates for institutional investors, a committed investment volume of around € 500 million has already been achieved and invested in 27 properties.

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