ARE Austrian Real Estate

What ARE Austrian Real Estate does

ARE Austrian Real Estate GmbH is a Vienna-headquartered, state-owned real estate company operating as a wholly owned subsidiary of Bundesimmobiliengesellschaft m.b.H. (BIG), Austria's federal real estate holding entity. The company manages a portfolio of approximately 590 properties and 1.9 million m² of rentable space across Austria and Germany, comprising ~450 office properties (about 75% of the portfolio), residential rental and freehold assets, and mixed-use urban quarter developments. FY 2025 rental revenues were EUR 262.1 million with a 2.2% vacancy rate, FFO of EUR 128.7 million, operating cash flow of EUR 41.1 million, and a 50.2% equity ratio. ARE pursues a develop2hold strategy that combines active asset and portfolio management with project development across the full lifecycle, from site acquisition and planning through construction and long-term operation. Government and public institutions (federal ministries, courts, police, and parliamentary facilities) and private commercial tenants anchor the office book, while a long tail of residential tenants and freehold buyers constitutes the second leg of the customer base.

ARE's core technical platform is an ESG-aligned development and property management stack: all new builds and general rehabilitations since 2020 must achieve klimaaktiv Silver certification (with Gold and DGNB/ÖGNI Gold and LEED Gold certifications pursued where applicable), supported by mandatory lifecycle cost analyses, building monitoring systems on ~90% of rentable space, and circular-economy/urban-mining practices. Flagship engineering assets include the VILLAGE IM DRITTEN cross-building energy system — 500 geothermal probes at 150 m depth, >1 MW rooftop photovoltaic capacity, heat pumps, district heating, and software-based load management — which delivers up to 80% of heating energy from local renewable sources through a partnership with Wien Energie and AMPEERS ENERGY. The portfolio includes heritage-protected assets (Palais Epstein in parliamentary use since 2005; Altstadtensemble Paulustorgasse in Graz's UNESCO Old Town) alongside modern high-rise developments (TRIIIPLE's three-tower Danube Canal complex; the 155 m and 110 m VIENNA TWENTYTWO towers). Property-management services span plan-to-operation quarter development, a fully owned residential operations team (shared BIG Group function), and ARE URBANIQ, a subsidiary that activates and manages street-level commercial zones in ARE-developed quarters and operates coworking at DOCKS.

ARE's revenue model combines recurring rental income (subscription-like monthly rents across the office and residential book), one-time development sales (freehold apartments and project co-developments with partners like SOZIALBAU, PREMIUM Immobilien, Raiffeisen Evolution, and Real Treuhand), and managed services via ARE URBANIQ. Distribution is direct-to-tenant for office leasing ([email protected], [email protected] for acquisitions), supplemented by real estate agent partnerships (e.g., s REAL Immobilienvermittlung) and dedicated project websites for residential sales. Public-sector mandates (police buildings for the Ministry of the Interior, court renovations for the Ministry of Justice, the AGES biosafety laboratory, and Palais Epstein for Parliament) are secured through direct federal procurement. The company is rated by global ESG frameworks, pursues EU Taxonomy alignment, and integrates sustainability reporting under GHG Protocol and CSRD/NFI standards at the BIG Group level.

Name

ARE Austrian Real Estate

Legal name

ARE Austrian Real Estate GmbH

Website

https://are.at

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Short description

ARE Austrian Real Estate is a Vienna-based, state-owned real estate company (BIG Group subsidiary) managing ~590 properties and 1.9 million m² of rentable space across Austria and Germany, focused on office, residential, and urban quarter development for federal, commercial, and residential customers.

Ownership category

akta.pro rank

Product category

Commercial Real Estate & Urban Quarter Development

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Residential Buildings and Dwellings (53111), Real Estate Property Managers (53131), Rental and Leasing Services (532)

SIC

Lessors Of Real Property, Nec (6519), Operators Of Nonresidential Buildings (6512), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Office Real Estate Asset Management (BPAJAMAG)

akta.pro secondary industries

Residential Real Estate Asset Management (BPAJAMAA), Mixed-Use Property Management (BPAJAGAE), Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

Keywords

• Commercial real estate
• Residential property development
• Urban quarter development
• Office property management
• Property acquisitions

Headquarters

HQ city

Vienne

HQ country

Austria

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Commercial Property Rental: ARE rents approximately 450 office properties accounting for ~75% of the portfolio. With 1.9 million m² of rentable area and 590 properties, rental revenues of EUR 262.1 million were generated in FY 2025. Vacancy level is 2.2%.
2. Residential Property Rental: ARE offers free-financed rental apartments in metropolitan locations with commission-free contracts for first tenants. Rental apartments are offered across Austria through the residential OFM team of Bundesimmobiliengesellschaft.
3. Property Development & Sale: ARE develops residential and commercial properties for sale (e.g., freehold apartments, projects co-developed with partners like SOZIALBAU, PREMIUM Immobilien AG, Raiffeisen Evolution). Project development investment volume was EUR 397.9 million in FY 2025. Total investment volume EUR 399.3 million.
4. Urban Space Activation (ARE URBANIQ): ARE URBANIQ, a wholly owned subsidiary, activates street-level commercial zones in urban quarters, acting as landlord for ground-floor retail/commercial spaces, providing location marketing and strategic urban space advice.
5. Property Acquisition Services: ARE acquires existing properties, project-related sites, and land in Austria and Germany matching acquisition profiles for active asset and portfolio management.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

ARE Austrian Real Estate acquires, develops, and manages office, residential, and mixed-use real estate across Austria and Germany. The company operates a portfolio of approximately 590 properties with 1.9 million m² of rentable space (~450 office properties representing ~75% of the portfolio) and delivers large urban-quarter masterplans such as VILLAGE IM DRITTEN, VIENNA TWENTYTWO, Wildgarten and TRIIIPLE, alongside residential rental and ownership projects for individual buyers and tenants, and ESG-aligned build-to-hold assets under the BIG Group umbrella.

Product overview

ARE Austrian Real Estate operates as a real estate company offering a portfolio of residential and commercial properties across Austria and Germany, with approximately 590 properties and 1.9 million sqm of rentable space. The company's product portfolio includes urban quarter developments (VILLAGE IM DRITTEN, VIENNA TWENTYTWO, Wildgarten), mixed-use developments (TRIIIPLE, Das Ensemble), residential projects (Am Park, Eschengarten, Hirschfeld, Wohndelta Alte Donau, Argento, MEXO City Homes), and office properties (VILLAGE WORKS, heritage buildings like Palais Epstein, Altstadtensemble Paulustorgasse). Services include quarter development, office and residential property management, urban space activation through subsidiary ARE URBANIQ, and property acquisitions. Projects typically emphasize sustainability with certifications like klimaaktiv, ÖGNI/DGNB, and LEED. The company develops properties across their entire lifecycle from planning through management.

Differentiator

Problem solved

Functional benefit

Brands

• ARE URBANIQ: Urban space activation subsidiary focusing on developing street-level zones in urban areas, acting as landlord and providing strategic advice for urban spaces

Products and services

• VILLAGE IM DRITTEN Urban Quarter Major urban quarter in Vienna's 3rd district spanning 11 hectares with approximately 1,900 residential units, commercial spaces, retail, childcare and education facilities around a 2-hectare park. Energy supply uses geothermal, PV, heat pumps and district heating (up to 80% renewable heating). Pre-certified DGNB Gold for sustainable urban quarters.
• VIENNA TWENTYTWO Mixed-Use Quarter New urban quarter near Donauzentrum in Vienna's 22nd district with six building sections, a 155 m mixed-use tower, a 110 m residential high-rise with approximately 650 rental and ownership apartments, serviced apartments (Citadines Danube Vienna), and office buildings. Certified ÖGNI Gold and LEED Gold.
• Wildgarten Residential Quarter

Quantifiable outcome

• 2.2% vacancy rate of rentable space (FY 2025) — well below market average
• +5 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature10 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Bundesimmobiliengesellschaft m.b.H. (BIG)coreStrategic or Co-development PartnerBIG is the sole shareholder of ARE Austrian Real Estate GmbH. ARE operates within the BIG Group framework, adhering to the group's Sustainability Minimum Standard (Nachhaltiger Mindeststandard), PV initiative (20 hectares rooftop solar, ~16,000 tonnes CO2 savings), ESG reporting, and shared services (Residential OFM Team, data protection via [email protected]). ARE's activities are transparently presented in the BIG group-wide CSRD/NFI report.
• Wien EnergiecoreStrategic or Co-development PartnerWien Energie co-developed the comprehensive energy concept for VILLAGE IM DRITTEN — Europe's most sustainable urban development area. Jointly designed baufeldübergreifendes (cross-building-field) energy system for heating, cooling, and electricity using geothermal probes (500 x 150m), rooftop PV (>1 MW), heat pumps, and district heating. Up to 80% of heating energy from local renewable sources.
• PREMIUM Immobilien AGminorStrategic or Co-development PartnerCo-development partner for Das Ensemble project — ~800 high-quality apartments in ten individual buildings on Erdberger Lände 36-38, 1030 Vienna. ~21,500 m² free and green space (two-thirds of total area).
• Raiffeisen EvolutionminorStrategic or Co-development PartnerCo-development partner for Wohndelta Alte Donau project at Am Kaisermühlendamm 107, 1220 Vienna — 138 apartments with waterfront location directly opposite famous Gänsehäufel lido.
• SOZIALBAUminorStrategic or Co-development PartnerCo-development partner for Am Park residential quarter on former Siemensgründe (8.2 hectares) in Floridsdorf. ~1,280 apartments built for ~2,500 people. ARE contributed 138 ownership and 231 rental apartments.
• AREOS Development GmbHminorStrategic or Co-development PartnerCo-development partner for Eschengarten project (92 ownership apartments + 145 rental apartments) at Stipcakgasse 8 / Perfektastraße 11, 1230 Vienna.
• UBM DevelopmentcoreStrategic or Co-development PartnerJoint developer of VILLAGE WORKS office building (Baufeld 9A, ~7,500 m² usable area) at VILLAGE IM DRITTEN. Won 'gebaut 2025' award from City of Vienna. UBM brings development expertise; ARE contributes land and long-term asset management.
• Stadt Wien / wohnfonds_wiencoreStrategic or Co-development PartnerARE develops VILLAGE IM DRITTEN as quarter developer in partnership with the City of Vienna and wohnfonds_wien. Creates 2,000+ apartments, commercial/office space, retail, childcare and education facilities around a 2-hectare park. Stadt Wien provides urban planning framework and funding support.
• s REAL Immobilienvermittlung GmbHminorChannel Partner/ Reseller/ DistributorReal estate agent selling Hirschfeld ownership apartments (174 units) at Gerasdorfer Straße, 1210 Vienna. Contact: [email protected].
• Nachhaltigkeitsbeirat (NAB)minorOthersAdvisory board for ARE and BIG sustainability strategy. Comprises national and international experts (Maria Vassilakou, Wolfgang Anzengruber, Heinz Felsner, Peter Richner, Susanne Eickermann-Riepe) providing quality assurance and goal achievement for all sustainability agendas.
• klimaaktiv (Bundesministerium für Klimaschutz)coreOthersARE adheres to klimaaktiv building certification standard — minimum Silver for all new builds and general rehabilitations since 2020, with highest level sought. klimaaktiv is the Austrian climate protection ministry's building sustainability label.
• Real Treuhand Projekt- und Bauträger GmbHminorStrategic or Co-development PartnerCo-development partner for Kaar 21 (Kaarstraße 21, Linz) — mixed-use building with police station on ground floor and 73 rental apartments above. Built in ~2 years construction time.

Scale indicators17 records

Recent moves6 records

Expansion highlights5 records

Market position

Strengths4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/austrian-real-estate

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ARE Austrian Real Estate