Green Impact Fund continues its success story: WEALTHCORE acquires another new residential project in Vienna
(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.