• Fund owns residential portfolio in Austria with investments totaling EUR 150 million
• Target distribution of between 3.0 and 3.5 percent p.a.
• Intelligent floor plans, communal areas and separate home office studios: the residential project at Lorystrasse 71 (11th district of Vienna) combines well thought-out architecture with sustainable construction methods District heating and in-house photovoltaics ensure an energy-efficient supply of 73 apartments with a usable living space of 3,600 square meters
• 94 percent of the apartments let just five weeks after completion

Munich/Vienna, April 8, 2024 - Munich-based investment manager Wealthcore is acquiring a sustainable 3,600 square meter residential project in Vienna's Simmering district from project developer Invester United Benefits. The acquisition marks the final placement of Wealthcore's light green Article 8 fund "Wealthcore Austria Living I" (WALI). The special AIF, which focuses on sustainable new-build residential projects in Austria's major cities, has owned the excellently connected property in the immediate vicinity of the Simmering U3 underground station since 2021. After around two years of development and intensive construction, fee developer Invester United Benefits has now completed the project at Lorystrasse 71 and handed over the operational property with 73 units to Wealthcore Investment Management. 94 percent of the apartments have already been let five weeks after completion. The residential complex is thus part of a portfolio of seven Austrian residential properties with a total volume of 150 million euros.

Manuel Bugl, Managing Director of WEALTHCORE Investment Management: "Residential investments remain a strong trend due to their stability and fundamental importance. This is all the more true when they pick up on sustainable and urban trends, as in Lorystrasse. With the placement of the fund, we have reached an important milestone for our investors." The fund's target group is institutional investors with a minimum investment of EUR 5 million. The fund's investment focus is on core and core+ properties.

Environmentally friendly living in an urban environment

The residential project at Lorystrasse 71 sets new standards in terms of sustainability and energy efficiency. A combination of a photovoltaic system and district heating ensures an environmentally friendly energy supply. This not only reduces the CO2 footprint, but also saves energy costs in the long term. Environmentally friendly materials and high insulation values also ensure above-average energy efficiency. The project's construction follows strict sustainable standards, as confirmed by certification from the Austrian Sustainable Building Council (ÖGNI). The project promotes environmentally friendly mobility through a sophisticated infrastructure for bicycles and electric cars with sufficient parking and charging facilities. "It is designed to support and promote an environmentally conscious lifestyle in the city," explains Michael Klement, CEO of Invester United Benefits.

Focus on social aspects: community and flexibility

In addition to its ecological achievements, the Lorystrasse residential project places great emphasis on the "S" in ESG by taking social aspects into account. Each unit was designed with the aim of creating maximum living comfort and functionality. The floor plans range from compact 1-room apartments to spacious family apartments. Intelligent spatial solutions such as sleeping alcoves and multifunctional open-plan kitchens optimize the living experience and create places of retreat and open communal areas. Private open spaces such as balconies and terraces as well as communal areas with playgrounds strengthen the sense of community and open up outdoor retreats for residents. Specially designed home office spaces are intended to meet the increased demand for flexible working models.

Strategic orientation of the Wealthcore Austria Living I fund

The project exemplifies the strategic focus of the "Wealthcore Austria Living I" fund, which concentrates on new properties and new buildings in sought-after locations in major Austrian cities such as Vienna and Graz. The fund, structured as a Luxembourg SCS SICAV RAIF, is aimed at a diversified and risk-mixed portfolio.

As an Article 8 fund, "Wealthcore Austria Living I" promotes environmental and social characteristics and is one of the so-called "light green" funds or ESG products. These funds are reserved for financial products that have sustainability features or are advertised as such. The fund, which was launched with a term of 15 years, is aimed at institutional investors and has a fund volume of around 150 million euros, including around 50 million euros in debt capital. The planned distribution yield after fund costs is expected to average 3.0 to 3.5 percent per annum. With the aim of holding eight to ten residential properties in the long term, Wealthcore pursues a "buy and hold" strategy and focuses on "core" and "core+" properties.

Milestone reached: Wealthcore strengthens its presence in the Austrian real estate market

The official handover of the project marks an important milestone for Wealthcore Investment Management and strengthens its position in the Austrian real estate market. Wealthcore specializes in sustainable and ESG-compliant residential real estate and has in-house project development capacities for CO2-optimized construction planning, construction management and construction controlling.

PRESS CONTACTS

SCRIVO Public Relations

Agency contact: Tristan Thaller

Tel: + 49 89 45 23 508 15

E-mail: tristan.thaller@scrivo-pr.de

Website: scrivo-pr.de

United Benefits Holding GmbH

Company contact: Sarah Gallei

Phone: + 43 664 805 33 240

E-mail: s.gallei@ub-holding.com

Website: ub-holding .com