Milestone for BUWOG project: shell of rental property in Kennedy Garden complete

10/18/21

BUWOG is currently developing the Kennedy Garden project at Penzinger Straße 76 in Vienna's 14th district. Divided into six components, a total of 512 apartments will be built here by the beginning of 2023. The topping-out ceremonies for “Orchidea” (124 rental apartments being built as part of the Vienna Housing Initiative) and “Lavandula” (114 privately financed rental apartments) components have now taken place.

It is an interim achievement in terms of overall completion: the shell of two building components in Kennedy Garden have been finished recently. What was only celebrated in a small circle due to the coronavirus pandemic, however, is far more significant for the residential market. Both components comprise a total of more than 200 rental apartments, 124 of which , in “Orchidea” are part of the Vienna Housing Initiative (VHI). Specially designed for single parents, this component involves an inclusive architectural design with a variety of common rooms based on the growing need for social interaction.

“BUWOG has always stood for high-quality as well as affordable housing, and this is also reflected in our projects, which allow us to reach the most diverse target groups," says Andreas Holler, managing director of BUWOG Group GmbH. “Our interest is in providing a home to the diversity of people who live in Vienna – this naturally includes apartments under the VHI. The demand for rentals generally remains high, thus we are all the more pleased to be on schedule despite the circumstances still prevailing due to the pandemic. For this, I would like to thank first and foremost my team and every partner involved in the project."

Prime example of diverse living

In addition to the (VHI) rental apartments in “Orchidea” and “Lavandula”, Kennedy Garden will also include privately financed condominiums, which will reflect the diverse range of housing in the variety of future residents and promote social interaction.

The architectural design of the individual components by several architectural firms (LOVE architecture and urbanism ZT GmbH, Architekt Podsedensek ZT and clemens kirsch architektur) also reflects this diversity.

The apartments at Kennedy Garden satisfy various contemporary user wishes, requirements and lifestyles. The apartment layouts are adapted to the needs of families as well as smaller households. All units feature balconies, loggias or terraces. Some of the apartments have rooftop gardens, and a large number of ground floor apartments feature private gardens. The various categories of fixtures and fittings therefore provide housing solutions that are individually adapted. An underground car park and facilities such as a fitness area are planned.

The park between the buildings is also designed to meet a variety of needs and is especially family-friendly. It offers quiet zones as well as numerous play and recreational facilities for children and young people.

Sustainable city living

“We have been committed to sustainable projects in residential development for many years. In Kennedy Garden, for example, extensive measures are also being taken to enable sustainable and environmentally compatible living in the city – today and in the future,” says Holler. Spacious green areas with rich vegetation are being created in the complex. The intensive and extensive plantings have a positive effect on the microclimate due to shading and enhanced humidity. The green environment cools on hot days, the green rooftops hold back heavy rain while also creating pleasant places to spend one’s time. At the same time, greenery can make an important contribution to greater biodiversity in the city. The open-space design has already been awarded the Greenpass certificate.

Extensive bicycle parking facilities are provided throughout the Kennedy Garden area. As is already standard in most new BUWOG projects, charging stations are also available. Retrofitting options are planned to ensure electromobility in the long term or to expand it as needed. In addition, there are optimal connections to the public transport network (a few minutes' walk to Hietzing) and Vienna's cycling network.

Kennedy Garden's energy-efficient heat is generated by a condensing gas boiler system and two heat pumps, which are also supplied with electricity via PV panels. The ground is used as a heat source, which reduces the burden on the environment and keeps heating costs low. These integrated measures and alternative forms of energy in energy-efficient systems provide alternatives for future ways of green living in the city. The aim of the project is to be awarded the klimaaktiv certificate.

 

About BUWOG

BUWOG is the leading full-service provider in the Austrian residential property market and now looks back on 70 years of expertise. Its property portfolio encompasses approximately 22,150 units and is located in Austria. The development pipeline in Vienna includes approximately 6,189 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).

 

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