(Munich/Vienna, December 19, 2023) After just one and a half years of construction, project developer INVESTER United Benefits is handing over its climate-neutral new build with almost 50 apartments in Vienna's Simmering district to the Wealthcore Green Impact Fund (WGIF).
(Munich, October 12, 2022) Only a few weeks after the successful purchase of a 10,000 square meter residential project with 153 units, the investment manager WEALTHCORE realizes the second acquisition in Vienna for its Green Impact Fund according to Art. 9. This is a 3,000 square meter development project at Rudolf-Simon-Gasse 5 with a total of 49 units, generous common areas and an environmentally friendly energy supply concept. Green, urban and family-friendly, the new construction project is an ideal fit for WEALTHCORE's dark green Green Impact fund series with demanding sustainability standards. The new acquisition for the Art. 9 fund, which focuses on residential properties with the highest ecological and energy-efficient standards, strengthens the basis for the planned 3.5% p.a. distribution. Currently, according to a survey by rating agency Morningstar, only around 3.6 percent of funds throughout Europe qualify for this high sustainability standard. The open-ended special AIF is aimed at professional and semi-professional investors. The target volume is EUR 500 million.
(Munich, September 28, 2022) Investment manager WEALTHCORE Investment Management has successfully completed the first property acquisition in Vienna for its Art. 9 Green Impact Fund. With the deal, the industry pioneer acquires the 10,000-square-meter residential project "Grosses Glück" with a total of 153 units, spacious common areas and bookable home office berths. According to a survey by the Morningstar rating agency, only around 3.6 percent of funds throughout Europe qualify for the dark green sustainability standard. The open-ended special AIF is aimed at professional and semi-professional investors. The target volume is 500 million euros.
With the "Wealthcore Green Impact Fund", the Munich-based investment manager Wealthcore is already launching its second Article 9 residential real estate fund. The Wealthcore Green Impact Fund makes a significant contribution to achieving the Paris 2050 climate targets by developing sustainable residential projects in Germany and Vienna.
