ZIMA satisfied with
challenging year 2023
"We know from numerous sources that people's desire to own or buy their own home remains high despite the difficult economic conditions. Rental costs are exploding, and ownership is still in high demand as a stability factor. This is a clear mandate: the KIM ordinance is in no way adequate for the current market situation. It must be revised as quickly as possible or, ideally, reversed so that people can continue to fulfill their dream of owning their own four walls and so that potential crises and labor market slumps in the construction industry can be effectively counteracted," explains Alexander Nußbaumer, owner and CEO of ZIMA.
Sustainable and innovative into the future
"The construction and real estate industry is one of the most important drivers of the economy, with valuable technology and innovation boosts in renewable energies, the circular economy, greening and sustainable construction. Politicians must ensure that the threat to this role posed by the KIM Regulation, which is a brake on investment, is countered," says Alexander Nußbaumer. "At the same time, of course, we real estate developers also have a role to play: We need maximum efficiency in planning and construction activities as well as innovative concepts for optimizing living space and floor space in order to keep costs under control with clever and forward-looking ideas and continue to provide our customers with high-quality, sustainable and affordable housing - perhaps in slightly more flexible apartment sizes in the future."
Successfully completed projects and milestones in 2023
ZIMA topped the previous year's result (around 500 apartments) with 559 completed and handed over apartments with just over 38,500m2 of usable living space. The highlight of the year was the completion of the sustainable Viennese residential quarter Attemsgarten in the heart of Vienna's Donaustadt district. Here, 215 high-quality, energy-efficient and family-friendly apartments were completed and handed over, with excellent infrastructure and generous green space. In Tyrol , a total of 144 new apartments were built (in Innsbruck, Völs, Söll, Kitzbühel, Hopfgarten) and in Vorarlberg, ZIMA realized 126 new dream homes (in Dornbirn, Schruns, Fußach, Höchst, Muntlix).
Successfully completed projects and milestones in 2023:
DACH region: 504 apartments
South Tyrol: 55 apartments
Total: 559 residential units; around 39,000 m² of usable space
In addition, several commercial buildings with a usable area of more than 19,000m2 were completed in 2023, including in eastern Switzerland and Vorarlberg.
Into 2024 with confidence
Despite difficult general conditions with inflation, high interest rates and still challenging construction costs, ZIMA is looking ahead to 2024 with cautious confidence: "We assume that construction costs have essentially reached their ceiling. With our equity strength and our courage to implement sustainable, innovative and architecturally sophisticated construction projects, we believe we are on the right track for the future. Our 50-year tradition has established us as a solid, reliable and cleverly planned residential developer. We will stick to this course unwaveringly. I am convinced that we will be able to get through this current dip well and continue to do justice to our role as a pioneer in real estate development in the German-speaking Alpine region," explains Nußbaumer, looking ahead to 2024.
