Municipal Apartments Sold: Wiener Neustadt Achieves 64.1 Million Euros
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4 Articles
The sale of two-thirds of all community apartments in Wiener Neustadt has now been successfully completed. A total of 1646 rental units were sold by 64.1 million euros – by 5.5 million more than the original valuation.
The city of Wiener Neustadt takes stock of the situation. Three quarters of the municipal apartments were sold. ÖVP is cheering for a return on market value. High vacancy and high investment requirements would have made a sale inevitable.
The proceeds for the sale of 1,646 apartments are 5.5 million euros above the market value.
In the Lower Austrian city of Wiener Neustadt, the reorganization of municipal housing was completed with the handover of the last of 1,646 rental units to the new owners. The proceeds from the partial sale were estimated at 64.1 million euros on Monday. For the renovation and modernization of the remaining 610 units owned by the city, urgently necessary funds could now be made available.
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