What CPI Immobilien does

CPI Immobilien GmbH is a Vienna-based, privately held real estate investment and development firm founded in 1997 by KR Johann Franke and KR Mag. Ernst Kreihsler, specializing in the acquisition, renovation, and management of Gründerzeit-era (1848-1918) apartment buildings (Zinshäuser) in inner-city Vienna. The company operates a vertically integrated model through three wholly-owned subsidiaries: DIO Bau & Planungen GmbH (construction and planning, established 2000), CPI Hausverwaltung GmbH (property management, established 2000), and CPI Marketing GmbH (marketing), enabling the firm to control every stage from sourcing and planning through construction, rental administration, and resale. With approximately 160 employees and an annual project volume exceeding €100 million across over 200 completed developments, CPI serves two primary customer segments — private investors and institutional investors — offering direct investments in freehold apartments, pre-let Vorsorgewohnungen, whole-building investment products, and rental apartments. Investment products are differentiated by contractual guarantees: minimum 3.0% annual rental yield on full occupancy, a 10-year construction state guarantee, and a mandatory buyback at 125% after 10 years or 150% after 15 years, positioning CPI as a yield- and security-oriented investment partner rather than a speculative developer. The portfolio reports a 93% occupancy rate and spans districts 1030-1200 in Vienna plus select Vienna metropolitan locations (Klosterneuburg, Stockerau).

Name

CPI Immobilien

Legal name

CPI Immobilien GmbH

Website

https://cpi.co.at

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

101–250 employees

Short description

CPI Immobilien GmbH is a Vienna-based real estate developer and investment firm specializing in the renovation and management of Gründerzeit apartment buildings (Zinshäuser), serving private and institutional investors with guaranteed-yield investment products and integrated property management across the Vienna metropolitan area.

Ownership category

akta.pro rank

Product category

Residential Real Estate Investment and Development

NAICS

Residential Remodelers (236118), New Housing For-Sale Builders (236117)

SIC

Real Estate Dealers (For Their Own Account) (6532), Operative Builders (1531)

akta.pro primary industry

Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE)

Keywords

• Residential real estate development
• Real estate investment sales
• Property management services
• Apartment rental operations
• Building revitalization

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure, Others

Revenue model

1. Property Rental Income: CPI manages rental properties and earns income from tenant leases. The company guarantees annual rental yields of minimum 3.0% on full occupancy basis for their investment products.
2. Property Sales - Ownership Apartments: Sale of freehold apartments (Eigentumswohnungen) to end buyers. Properties are sold at market prices, with examples ranging from €40,800 for smaller units to over €336,000 for larger apartments.
3. Investment Product Sales: Sale of developed apartment buildings (Zinshäuser) to investors as complete investment products with guaranteed rental income, construction guarantees, and appreciation guarantees. Examples include buildings priced at €5.05 million and €6.75 million.
4. Development Project Management: CPI develops Gründerzeit buildings through renovation and Dachgeschossausbau (attic conversions), adding value through comprehensive redevelopment projects.
5. Property Management Services: Through subsidiary CPI Hausverwaltung GmbH, the company provides ongoing property management and administration services for their managed portfolio.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

CPI Immobilien acquires, develops, and operates residential real estate in Vienna and surrounding regions, selling investment properties to private and institutional investors while also renting out apartments on its own portfolio. The group bundles project development (new-build and revitalization), in-house construction through subsidiary DIO Bau, and full-service residential property management (Hausverwaltung) under a vertically integrated operating model.

Product overview

CPI Immobilien is a Vienna-based real estate investment and development group operating as a full-service provider with a clearly defined focus on Gründerzeit-era apartment buildings (Zinshäuser) in inner-city Vienna. The company's core offering comprises three interrelated product lines: (1) Zinshaus-Entwicklung — the development and revitalization of historic apartment buildings, including full renovation, rooftop extensions, and modernization; (2) Vermietungsmanagement — comprehensive property management and rental administration via its CPI Hausverwaltung subsidiary; and (3) Investmentobjekte mit Garantien — pre-developed investment properties sold to investors with guaranteed rental yields (minimum 3.0% p.a.), construction condition guarantees (10 years), and appreciation guarantees (buyback at 125% after 10 years). These investment products are supported by two wholly owned subsidiaries: DIO Bau & Planungen GmbH (architecture and construction management) and CPI Marketing GmbH (marketing and communications), enabling CPI to deliver the 'Everything under one roof' strategy. CPI also operates three residential property sub-brands — Mietwohnungen (rented flats), Eigentumswohnungen (freehold flats), and Vorsorgewohnungen (investment/pre-let flats) — that represent the end-use form of its developed properties.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Property Sales (New-Build and Revitalized Apartments)
• Rental Apartments (Owned Portfolio)
• Project Development (New-Build and Revitalization)

Quantifiable outcome

• 93% occupancy rate achieved across managed portfolio
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• DIO Bau & Planungen GmbHcoreTechnology or Integration · 1 January 2000Subsidiary company handling all construction activities of CPI Immobilien Gruppe since 2000. DIO Bau takes care of planning and construction of all development projects, enabling integrated project delivery.
• CPI Hausverwaltung GmbHcoreImplementation/ SI/ Consulting Partner · 1 January 2000Subsidiary managing and administering all properties of CPI Immobilien Gruppe since 2000. Provides professional property management and tenant services for the managed portfolio.
• Wirtschaftskammer Wien (WKÖ Wien)minorOthersCPI Immobilien GmbH is a member of the Vienna Chamber of Commerce (Wirtschaftskammer Wien), which is the mandatory professional representation for businesses in Austria.

Scale indicators14 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• CA Immobilien Anlagen AG: Vienna-headquartered real estate investment company listed on the Vienna Stock Exchange with a portfolio of residential and office properties across Austria, Germany, and CEE. Closely comparable in target market (Vienna residential), investor-facing product model, and integrated property management—though at materially larger scale and broader geographic footprint.
• Value One Holding AG: Vienna-based real estate developer focused on residential and hotel projects in Austria and CEE. Comparable in target market (Vienna residential) and integrated development approach, with similar project-level scale, though tilted toward the luxury and branded-residential segment.
• ERGE Group: Vienna-based real estate developer with residential and mixed-use projects across Vienna and surroundings. Comparable as a Vienna-focused residential developer with integrated development capabilities and an investor-oriented sales approach—competing for similar Zinshaus acquisition opportunities.
• WINEGG Realitäten GmbH: Vienna-based real estate developer and investor focused on premium residential properties in central Vienna districts. Closely comparable in target market (Vienna residential), niche focus, and integrated development-to-sales approach—though typically operating in higher-end submarkets.

Broad incumbents

• Vonovia SE: Europe's largest residential real estate company, headquartered in Bochum, Germany, with ~540,000 units across Germany, Austria (including the former BUWOG portfolio), and Sweden. Comparable as a large-scale residential landlord-developer with integrated property management, but operating at vastly larger scale, broader geographic footprint, and with significant debt leverage.
• S IMMO AG: Austrian real estate investment company with residential and commercial properties in Austria, Germany, and CEE. Comparable in operating geography (Austria) and investor-facing real estate products, with a similar buyer base of retail and institutional investors, though at meaningfully larger scale.
• IMMOFINANZ AG: Vienna-headquartered real estate investment company listed on the Vienna Stock Exchange operating residential, office, and retail portfolios across CEE. Comparable in operating geography (Vienna) and investor-facing real estate products, but with much broader geographic footprint and larger scale.

Regional players

• LEG Immobilien SE: Düsseldorf-headquartered German residential real estate company with ~165,000 units primarily in North Rhine-Westphalia. Comparable in business model (residential landlord-developer with integrated property management) but operates exclusively in a different German federal state, making it a regional rather than direct competitor to CPI.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries3 records

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 CPI Immobilien