Austria: Tech-enabled apartment operator limehome has signed its fourth property in Vienna, opening a further 23 serviced apartments.
The new units are located in Karajangasse, close to the Augarten park, housed in the Gründerzeit building. The building will undergo a renovation with the 23 suites spread over four floors. Some of the rooms will offer balconies and range from one and two bed-apartments as well as eight family suites.
Viennese real estate asset and investment manager GalCap has partnered with limehome on the project.
Matthias J. Maas, head of expansion at limehome, said: “Vienna is one of Europe’s most popular destinations for city breaks. Thanks to our digital DNA, we are able to offer our guests a smooth travel experience and stable returns for our project partners. We are proud to be one of the largest providers of serviced apartments in Vienna with 172 apartments in the coming years.”
Peter Tatzl, director of investment at GalCap, said: “As part of the general refurbishment, the Gründerzeit building has been adapted and converted to meet modern requirements. We are pleased to have found a reliable tenant in limehome for this unique apartment building. The strong brand and high quality operating concept fit perfectly with our leasing strategy.”
Elsewhere in Vienna, limehome has two developments under construction which are scheduled to open in early 2024 and spring 2025.
