BPV Huegel, working with Fieldfisher, has advised Next Generation Invest on its acquisition of a low-energy building in Vienna's Donaustadt district.
According to BPV Huegel, “the Frankfurt-based company's goal is to make real estate properties that convince with a clear, measurable social and ecological added value investable for institutional investors. The current investment is also in line with this goal of the impact investor. The deal concerns an office building of the Public Employment Service Austria in Vienna's Donaustadt district with an area of over 3,700 square meters.”
"For the operator of the property, social welfare is in the foreground,” Next Generation Invest CFO Oliver Grossmann commented. “For example, the Public Employment Service reaches schoolchildren with the help of educational campaigns and offers them prospects for the labor market at an early stage. With its support concepts, the institution enables people from different social classes to improve their living conditions. Next Generation Invest supports these social intentions ambitiously and in the long term.”
According to BPV Huegel, “the solid reinforced concrete construction, ecological facade elements, and the integrated photovoltaic system make the acquired office building low-emission. In the next step, Next Generation Invest intends to develop further short-, medium-, and long-term ecological measures in order to operate the property in an ecologically sustainable manner in the long term. This should make a significant contribution to the ecological future goals of the United Nations.”
BPV Huegel’s team included Partners Nicolas Wolski, Dominik Geyer, and Michaela Pelinka, Senior Associate Paul Pfeifenberger, and Associates Lucas Hora and Katrin Kernbichler.
BPV Huegel did not respond to our inquiry on the matter.