01/27/2020
Art-Invest has acquired the residential high-rise project “The Metropolitan” at Vienna Central Station as part of a forward deal. The purchase was made for a special housing fund that Art-Invest Real Estate launched for a German institutional investor. The residential tower is developed by the seller STC-Swiss Town Consult AG. Construction of this residential project started in autumn 2019, and completion and letting are scheduled for 2021. Art-Invest Real Estate plans to keep the high-rise apartment building in the long term.
With its ground floor and 19 upper floors, the project has an above-ground gross floor area of around 24,700 m² and around 110 underground parking spaces. The 370 residential units will be supplemented with an indoor and semi-public outdoor fitness area as well as a kitchen lounge, a co-working area and a roof terrace.
The residential project is the last existing construction site in the new Quartier Belvedere around Vienna Central Station, which allows freely financed residential construction.
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