Mixed-use PlusEnergieQuartier BTR is on the market

The €110m PlusEnergieQuartier Build to Rent development is set to be highly sustainable and comes to the market at a key time for the sector.

Savills and Modesta Real Estate are bringing the mixed-use residential PlusEnergieQuartier development to the market in Vienna | SÜBA AG | BTR News
Savills and Modesta Real Estate are bringing the mixed-use residential PlusEnergieQuartier development to the market in Vienna.

Property consultancy Savills and its Austrian associate Modesta Real Estate have announced that they are marketing the new €110m PlusEnergieQuartier Build to Rent scheme.

“Given the significant supply and demand imbalance for Build to Rent in the city of Vienna, this is a rare opportunity for an investor to establish a strong foothold, or further increase its allocation, to the traditionally restricted Austrian market.

“Featuring the latest amenities, the building will offer excellent transport links with proximity to everything urban living has to offer.”

Marcus Roberts, Head of European Operational Capital Markets, Savills

Developed by SÜBA AG, the development is in a highly sought after area in Vienna, Austria, located at Pilzgasse 33 / Engelhorngasse 2.

Comprising 265 apartments, 225 of these will be residential and 40 assisted living.

“Projects such as the PlusEnergieQuartier are a glimpse into the future of efficient and sustainable urban development. It addresses a need for space in both the residential and commercial sectors that is in high demand in the city.

“Along with the development’s strong focus on sustainable construction, energy efficiency and modern living and working, the asset offers an excellent opportunity for investing in the Austrian market.”

Sebastian Scheufele, Managing Partner, Modesta Real Estate

Alongside the homes, PlusEnergieQuartier will have a total gross area of 28,489 sqm and feature 10,657 sqm of office and commercial space.

“With 40+ years of know-how in real estate development and a consistent sustainability strategy focusing on energy efficiency and CO2-reduction, we have been developing PlusEnergyQuartier21 as a new milestone project in Austria.”  

Heinz Fletzberger, Managing Board, SÜBA AG

The PlusEnergieQuartier Build to Rent development is due to complete in Q4 2025.

“The PlusEnergyQuartier21 is a paradigm of sustainable urban advancement, combining living, working and leisure in one location under the ‘Productive City’ concept.

“The development is part of the ‘Future Quarter 2.0’ research project funded by the Austrian Federal Ministry for Climate Protection, carried out and scientifically supported by the University of Applied Sciences Technikum Vienna, Urban Innovation Vienna as well as the Institute Building Research & Innovation.”

Manfred Wachtler, Managing Board, SÜBA AG