Large-Scale Projects in Prime Locations
Our Real Estate division develops, finances, owns, operates and manages high-value properties in major European cities and selected international markets. Its activities cover office, retail, residential, hospitality and mixed-use projects.
We undertake complex projects from the initial investment decision through planning and construction to leasing, sale or long-term operation. This includes feasibility analysis, acquisition, financing, design, permitting, procurement, construction management, marketing and asset management.
For new developments, we concentrate on large-scale urban projects in established locations. In existing properties, we seek a clear route to value creation through refurbishment, repositioning, changes in use or improved management. We also consider standing investments where market conditions provide an attractive risk-adjusted opportunity.
Current Projects
Grand Museum Residences
Vienna, Austria
The Grand Museum Residences are being developed on Mariahilfer Straße, Vienna's busiest shopping street and pedestrian zone, in the immediate vicinity of leading cultural institutions including the Kunsthistorisches Museum, the Naturhistorisches Museum and the MuseumsQuartier. Vienna's historic city center is approximately seven minutes away on foot, and two underground stations are within a three-minute walk.
The development has a total gross floor area of approximately 72,000 m², and comprises approximately 12,000 m² of retail space across three floors, 18,500 m² of apartments, a 10,500 m² five-star hotel with 220 rooms and 330 underground parking spaces.
Construction started in April 2026, with completion expected in early 2028.
Corbinian
Munich, Germany
In the heart of Munich, between the city's main railway station and Karlsplatz/Stachus, its two largest and best-connected public transport hubs, Corbinian is only 100 meters from the Neuhauser Straße and Kaufingerstraße pedestrian zone. Direct access to the existing Karlsplatz/Stachus underground passage and public transport network is an integral part of the development.
Across a total gross floor area of approximately 92,000 m², the scheme includes 48,000 m² of office space, 9,000 m² of retail and restaurant space, 450 car parking spaces and 1,000 bicycle spaces. A publicly accessible rooftop terrace and café are also planned.
Construction is scheduled to begin in early 2027, with completion expected in mid-2029.
KD231
Berlin, Germany
The site on Kurfürstendamm, one of Berlin's best-known shopping streets, faces the Kaiser Wilhelm Memorial Church and offers direct access to several underground lines.
The scheme comprises approximately 170,000 m² of gross floor area with high-quality retail, office and residential space, as well as extensive car and bicycle parking.
Construction is currently expected to start in 2028, with completion targeted for 2030.
Selected Completed Projects
Millennium Tower & Millennium City
Vienna, Austria
At a major transport hub on the Danube, we developed, designed and constructed the Millennium Tower and the adjoining mixed-use Millennium City.
The project has a total gross floor area of approximately 280,000 m² and includes 38,000 m² of office space, 65,000 m² of retail and entertainment space, 40,000 m² of apartments and 2,400 underground parking spaces. At 202 meters and 50 floors, the Millennium Tower was Austria's tallest building when completed.
While we sold the office, retail, entertainment and parking components after completion, we continue to own the residential component.
Citygate
Vienna, Austria
Citygate is a mixed-use development comprising two residential towers, additional low-rise buildings, a shopping center and parking at a major public transport hub in Vienna.
Across a total gross floor area of approximately 170,000 m², the project includes 72,000 m² of apartments, 24,000 m² of retail space and 1,200 underground parking spaces.
We continue to own approximately half of the residential space and have sold the remaining assets within the project.
Residential Portfolio
Berlin and Potsdam, Germany
In Berlin and Potsdam, we acquired a portfolio of approximately 100 residential properties comprising around 200,000 m² of apartments in excellent residential locations.
Following extensive refurbishment and active tenant management, the properties were sold either as complete buildings or as individual apartments.
Residential Portfolio
Vienna, Austria
Across Vienna, we have developed, designed and constructed a portfolio of residential projects comprising around 400,000 m² of apartments. We continue to expand the portfolio through new developments and selective acquisitions.
We retain ownership of the entire residential portfolio and intend to hold it for the long term.