RIGHT ON TIME
The growing metropolis of Vienna
Looking ahead to the next 10 years - if we compare the current approach of metropolises worldwide to the topic of sustainable action - Vienna is already particularly well positioned in this respect. Implementing numerous sustainability measures in the environmental, social and corporate culture categories has reached its full potential here. It will be reflected in the future corporate value and the value of real estate.
What trends are emerging, especially in the real estate sector? With the new EU taxonomy rules, business owners will be obliged to deal with sustainability. And all major real estate companies in Vienna are already doing so - banks, investors, and institutional buyers. Significant investment funds currently do not have many EU taxonomy buildings in their portfolios and are noticeably looking for sustainability landmark projects.
Another key point is that the digital transformation has fully arrived in the building sector. Planning is becoming more digital and can thus be calculated, simulated, analysed and visualised much more accurately. The aspects of energy consumption, climate, accessibility and mobility are optimally integrated into fact-based scenarios and planning models. There are also new construction methods. We are moving towards automated construction; prefabrication is becoming important. This saves an enormous amount of time and protects the environment.
In Vienna, a lot is also being done to convert the buildings into densely urbanised areas in a sustainable and future-oriented way. There are already experts who specialise in this. If the ESG documentation is good, every investor will say: I will invest more in a completely green building than in a grey-green building. We also learn a lot here from the 19th century houses. They are the most sustainable building form after the cave.
Why so? The eco-balance is good because they are already 150 to 200 years old. Many of these apartment buildings were built as small individual flats, as workers' accommodation around the Ring and Gürtel. They were rebuilt several times, enlarged, and reduced again. They were reused as offices, studios and practices. For example, there was always the potential to extend the attics and add floors. That was the densification upwards in the last 30 years. It can no longer be more sustainable. If you take the suitable measures here today - seal doors and windows in a perfect way - you can achieve sustainable living very well. We can still learn a lot from apartment buildings today.
Neighbourhoods to watch
Following this trend of great responsibility for our future, we would like to draw attention to one of the very exceptional highlights of the Viennese residential market:
DAS ARTMANN is currently being developed with the highest standards, both in terms of environmentally conscious construction, resource-saving and independent energy supply and the highest quality standards in terms of sustainability.
Ferdinand Artmann would probably be delighted. The k&k architect would never have thought that his name would one day be above a pioneering project in terms of ecology. About one and a half centuries after he had constructed the building in Obere Donaustraße, the now historic substance is being brought into the 21st century in terms of technology and living comfort. Special attention is being paid to ecology in the revitalisation. "Historical substance and forward-looking energy management are not a contradiction - quite the opposite. Heating and cooling are implemented using a water-heat pump. Green electricity, together with the building's own photovoltaic system on the roof and geothermal energy from the Danube Canal, make DAS ARTMANN largely independent of fossil fuels. District heating is only used for peak coverage. Due to the high efficiency of this innovative energy concept, a significant annual CO2 reduction is achieved.
The exciting apartments, ranging from 40 to 290 sq m living area, have a wide variety of floor plans, outdoor spaces and room heights of up to 3.5 m. Residents of the building have access to a concierge service, a fitness and wellness area as well as an underground car park with e-charging stations and their own bicycle compartments.