First Vienna Residential Market Report | 2021

FIRST RESIDENTIAL MARKET REPORT | 2021 

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EHL IMMOBILIEN PROJECTS

A NEW RESIDENTIAL AREA is emerging from the middle of Pen- zing’s Breitensee locality occupying part of the old barracks of Körner- Kaserne. The next few years will see more than a thousand subsidised and privately financed apartments built by various developers on a total area of 4.1 hectares. Blocks five and six are currently going onto the market with around 280 high-quality state-of-the-art owner-occupied and investment apartments. THE NEW DEVELOPMENT will see the previously inaccessible park, which was like a secret garden, made accessible again to residents and their neighbours. The green space measuring around fifteen thousand square metres was previously enclosed by a wall for use by the military. The new residential buildings have been planned around the beautiful old trees that were to be preserved as far as possible. PENZING’S SECRET GARDEN KÖRNER-KASERNE / 1140 VIENNA, SPALLARTGASSE (BLOCKS 5 AND 6)

→ 280 FREEHOLD APARTMENTS → HIGH-QUALITY FITTINGS → IN THE MIDDLE OF A PARK LANDSCAPE → EXCELLENT TRANSPORT LINKS → COMPLETION: FIRST HALF OF 2022

HIGHER-LEVEL FACILITIES such as local shops and a day-care centre are planned alongside recreational and playground facilities for children and young people. The residential complex not only benefits from expansive green spaces, but also from its excellent transport links. Hütteldorfer Straße and Kendlerstraße stations serving the U3 metro line as well as stops for the 49 and 10 tram lines, 51A and 12A bus lines, and the S45 Breitensee regional railway station are close by. The Auhof Center shopping mall, a variety of doctor’s offices and pharmacies, hospi- tals such as Hanusch-Krankenhaus, St. Josef Krankenhaus, Wilhelminen­ spital, and Otto-Wagner-Spital are also in the vicinity. LEISURE ACTIVITIES are available in abundance with the Technical Museum, Penzing’s public bath, Steinhofgründe, Dehnepark, and Schloss Schönbrunn palace in the surrounding area. ×

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