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Vienna’s property market has seen intense activity in 2025, with nearly €4.5 billion invested in real estate and land by the end of September. Major deals have reshaped ownership across residential, commercial, and mixed-use buildings, involving both established firms and new players in the sector.
One of the largest transactions involved Euro Real Estate, which acquired the City Tower Vienna for €158.5 million through its subsidiary, Ysiona Beteiligungsverwaltung. Another key player, Thalhof Immobilien AG, expanded its portfolio with significant purchases, including the Rund Vier residential complex in Leopoldstadt, bringing its total investments since 2019 to €308 million. Meanwhile, JP Immobilien, led by Daniel Jelitzka and Reza Akhavan, played a central role in high-profile sales, such as the Kärntner-Ring-Hof.
The **Austrian Public Housing Association (ÖVW)** also made a substantial move, buying three apartment buildings and an additional property for €116.6 million, with Erste Bank as the seller. In the retail sector, the **Alterlaa Shopping Center** in Vienna-Liesing changed hands, sold to **Akron Real Estate Group** for €40.4 million. Elsewhere, **AURIS Immo Solutions GmbH** purchased a building in the second district for around €51.7 million, previously owned by **NBHF Eins Wohnpark GmbH & Co. KG**. Residential deals included **Wiener Städtische**’s acquisition of the **Susi-Nicoletti-Weg** complex in the 10th district for €40.2 million, a project originally developed by **Bank Austria**. These transactions highlight the broad range of investors—from insurance companies to specialised real estate firms—actively shaping Vienna’s property landscape.
The volume of deals so far in 2025 underscores Vienna’s continued appeal to investors. With nearly €4.5 billion spent in the first three quarters, the market remains dynamic, driven by both large-scale acquisitions and strategic portfolio expansions. The involvement of diverse buyers suggests sustained confidence in the city’s real estate sector.
