Stargate Consulting Group
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Selected asset acquisition strategy · Strictly confidential

Vienna Residential
NPLs

A differentiated approach to Vienna residential special situations through direct sourcing, disciplined refurbishment and controlled asset-level execution.

In cooperation withEY
Vienna skyline at blue hour
Strategy overview

A repeatable path to
residential value.

Selected assets are generally sourced from banks or insolvency administrators. Each opportunity is considered separately, with independent diligence, specialist legal execution and investor control over price, structure and conditions.

40–70%Indicative discount to debt
€1,000–2,000Indicative entry price / sqm
€2,750–3,750Indicative total cost / sqm
2.5–3 yrsIndicative project duration
Closed transaction A

Direct bank-sourced acquisition

Vienna · Anonymized residential case studySourcing · Legal control · Asset acquisition

A completed Vienna residential acquisition illustrating direct sourcing, specialist legal execution and an attractive entry basis.

Primary sourceBanks
Alternative sourceInsolvency
Indicative discount40–70%
Entry price / sqm€1,000–2,000
Transaction basisAsset deal
Investor decisionCase-by-case
Important context

Historic transaction example. Figures are derived from sponsor-provided deal materials and are included solely to illustrate the strategy.

Closed transaction B

Controlled refurbishment strategy

Vienna · Anonymized residential case studyEntry price · Basic works · Controlled exit

A completed acquisition structured around existing income, vacancy potential and a deliberately limited refurbishment programme.

Entry price / sqm€1,000–2,000
Basic works / sqm€1,000–1,300
Total cost / sqm€2,750–3,750
Target sale / sqm€3,800–5,000
RefurbishmentBasic only
Exit routeUnit sales
Important context

Historic transaction example. Cost and sale-price assumptions are sponsor-provided and do not represent guaranteed outcomes.

Closed transaction C

Two-asset acquisition at scale

Vienna · Anonymized two-asset case studyEquity · Bank financing · Phased exit

A completed two-asset acquisition illustrating the model’s ability to combine scale, financing and multiple asset-level value levers.

Target equity20–30%
Bank financing70–80%
Project duration2.5–3 yrs
Equity multiple2x+ target
Total cost / sqm€2,750–3,750
Target sale / sqm€3,800–5,000
Important context

Historic transaction example. The 2x+ equity multiple is a strategy target—not a realized or guaranteed return.

Closed transaction D

Stabilized acquisition with exit flexibility

Vienna · Anonymized residential case studyMiddle market · Mortgageable tickets · Broad demand

A completed acquisition combining stable income, limited vacancy and optionality between selective unit sales and continued ownership.

Target sale / sqm€4,000–5,000
Unit price range€175k–300k
Indicative discount60%
Target buyerMiddle market
Product positionNot luxury
Financing fitConventional
Important context

Historic transaction example. Market discounts, mortgageability and exit values are sponsor assessments and remain market- and lender-dependent.

Transaction track record

Four completed acquisitions

CaseProfileAreaClosed acquisitionProject costEquity multiple
AResidential value-addc. 1,228 sqmc. €2.20mc. €2.92m3.03x
BIncome + vacancyc. 1,865 sqmc. €3.50mc. €4.76m3.20x
CTwo-asset portfolioc. 6,000 sqmc. €12.00mc. €16.92m2.12x
DStabilized incomec. 2,353 sqmc. €4.80mc. €5.22m5.20x

All acquisitions shown are reported as completed. Figures are approximate, sponsor-provided and presented solely as historic strategy examples; asset identities are withheld for confidentiality.

Asset-level process

Each acquisition moves through
a controlled decision process.

01

Screen opportunity

Review source, debt position, asset economics and strategic fit.

02

Approve asset

The investor determines whether to proceed, at what price and on which terms.

03

Diligence & finance

Complete legal, technical, financial and commercial review; arrange any required financing through the appropriate parties.

04

Acquire & execute

Close the asset transaction, complete the approved works and implement the asset-level business plan.

Discuss the strategy

For selected professional
counterparties.

Further information is available through a controlled, need-to-know process.

Request information →This page is for preliminary discussion only. It is not an offer, solicitation, investment recommendation, financing commitment or placement of financial instruments. Historic transaction figures and strategy parameters are sponsor-provided, have not been independently verified by Stargate and do not guarantee future results. Every opportunity requires separate approval and independent legal, technical, financial and commercial diligence. Stargate acts solely in a strategic advisory, cross-border introduction and coordination capacity. Where applicable, regulated activities are performed by appropriately registered or licensed third-party professionals.
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