- Expansion of the business model for investors, private owners and others
Modular services - “Property management” takes on the sustainable management and administration of residential and commercial units
- “Skilled trades” includes the technical support and refurbishment of residential properties as well as maintenance and other measures
- “Brokerage services” offer BUWOG’s entire range of market and sales expertise
BUWOG wins bid for the Catella Austria portfolio
As of now, BUWOG is also offering its extensive portfolio of services to third-party customers such as institutional investors, with property management, brokerage and skilled trades services covering an extensive range of the real estate spectrum.
“The further development and expansion of our business model, which has been successfully established over decades, was the logical consequence, first, of responding to changing market conditions and, second, consolidating our role as a full-service provider on the Austrian residential property market,” Kevin Töpfer, managing director of BUWOG Group GmbH, explains.
“BUWOG has more than 21,000 units in its portfolio in this country and is responsible for a total of approximately 55,000 managed units – all of which entails a considerable amount of expertise and experience. The new range of services is aimed specifically at institutional investors and large private owners, for example, but also at private investors with one or more properties of their own who will benefit from the professionalism and expertise of our team,” Töpfer says.
The BUWOG full-service package
Kevin Töpfer adds: “We offer property and portfolio owners customised solutions tailored to their individual requirements. We achieve this not by viewing the three areas of “management”, “skilled trades” and “brokerage” services in isolation from one other, but by integrating them instead. This gives us the opportunity to cater specifically to the needs of our customers in the form of service modules so that they and their properties are looked after well.”
The services for institutional and private investors encompass property management, including active management and sustainable portfolio development aimed at maximising returns and long-term value growth; digital reporting tools, carrying out residential refurbishments; developing and implementing sustainable refurbishment concepts; the initial and subsequent renting of residential as well as commercial properties; and the sale of apartments.
“With our new range of services, we offer current and potential customers numerous advantages – from our many years of expertise and cost benefits, e.g. from framework agreements to full-service support through a key account model. The focus on ESG criteria goes without saying for us in every area, as is the use of technological progress in all stages of the work process, Töpfer says. “With expertise and passion, we ensure proactive, efficient and integrated property management. Our goal is to work together with our customers to sustainably enhance the value of their properties and portfolios.”
BUWOG wins the bid for the Catella Austria portfolio
BUWOG celebrated its first success shortly after rolling out its new line of business: the Group will take over property management for a large segment of Catella Austria’s portfolio as of 1 January 2025. Catella Residential Investment Management GmbH is an institutional asset manager with a Europe-wide property portfolio of around EUR 7 billion. Approximately EUR 550 million of this is located in Austria. This portfolio includes residential property as well as serviced apartments and student housing.
“We are very proud to have won the first tender for investors with our new range of services. This development is not only proof of our commitment and hard work, but also motivation to continue working together towards our goals,” Kevin Töpfer says.
Michael Keune, managing director of Catella Residential Investment Management GmbH, on the new collaboration: “The future partnership in property management in Austria underscores our joint commitment to the highest quality of service and sustainable values with regard to our assets and tenants.”
