The city of announced the sale of 1,646 municipal housing units on Monday for 64.1 million euros. Mayor Klaus Schneeberger confirmed the average price per unit was under 40,000 euros, exceeding the estimated market value by 5.5 million euros.
Buyers include non-profits like Familienwohnbau and commercial entities, including entrepreneur Michael Tojner. While 186 parties were contacted, 610 units and historic sites like Karl-Renner-Hof were retained. The will now examine the process.
The reorganization, initiated in October 2025, aims for 2.5 million euros in annual savings starting in 2027. Managing director Christian Töltl and CBRE's Manuel Bugl oversaw the deal, which excludes the local women's shelter and the Triebwerk youth center.