Investor Tojner Buys Wiener Neustadt Municipal Housing

Investor Michael Tojner is set to acquire eight packages of municipal housing buildings in Wiener Neustadt, Austria, as part of a larger city initiative to sell off its public housing stock. By the beginning of September, eight of the eleven available packages are expected to be transferred to investors. The city plans to announce the specific purchase prices in the autumn.

Last year, the city of Wiener Neustadt made the decision to sell nearly three-quarters of its publicly owned housing units. This strategic move aims to streamline city assets and potentially generate revenue. The process began with the first transaction occurring just a few weeks ago.

In early August, non-profit housing developers Familienwohnbau Niederösterreich and Wien-Süd took over housing complexes comprising a total of 115 units. The acquisition by Tojner, including the Gustav-Kraupa-Hof near the airfield, marks a significant step in this large-scale privatization of municipal housing.