Recognise potential
Projects
From Vienna to London






Visions realised

- Purchase and visioning
- Refurbishment: façade, the roof, stairwells and parts of the building services equipment

- Purchase and visioning
- Asset management
- Modernisation of the entire building services equipment
- Optimisation of the surface areas
- Obtaining building permit for the hotel
- Realisation of the hotel as the developer
- Sale to investors

- Purchase and visioning
- Obtaining a permit from the Austrian Federal Monuments Office
- Obtaining legally effective building permit including loft conversion
- Coordination of implementation planning and interior design
- Creation of the marketing materials
- Sale to an investor

- Purchase and visioning
- Moving out existing tenants
- Creation of a development plan
- Holding an architectural competition (the winning project was ‘Grüner Wohnhof’ by the Viennese architecture firm Zechner & Zechner ZT GmbH)

- Purchase and visioning
- Asset management – improvement of the rental terms
- Increase of the development potential by means of a three-storey loft conversion
- Sale to an investor

- Acquisition, visioning and finding a hotel operator
- Relocation of the Opera Cinema from Karlsplatz to the Urania
- Obtaining the building permit
- Realisation of the largest hotel in the historical centre (400 rooms)
- Complex lighting control system
- Sale to investors
About IMMOVATE
Our Vision
We understand property and live for it
Being able to read and understand a property from the ground up, grasp its potential and dedicate it to people as the place where they live or work – this is the goal and vision of IMMOVATE.
As a successful location developer, we concentrate on stable property markets at home and abroad and have been realising ambitious property development projects as a strategic investor and developer for 18 years now. The range of our activities includes - alongside classical new-build developments – urban and building plot development as well as the conversion and refurbishment of buildings. A particular focus of ours are historical buildings in excellent city-centre locations.
We relish the competition in our sector. Unconditionally and confidently. Our work is based on fast and precise processes, short throughput times and an exactly functioning value-added chain. An essential factor is our ability to comprehensively service the entire value chain of a property project: from acquisition and planning via development and construction management to commercial management and marketing.
Together with our interdisciplinary team of civil engineers, commercial and legal specialists and marketing professionals, we ensure highly-efficient project execution all the way from acquisition to sale. In addition, we also have extensive expertise in complex work related to protected buildings and a sound knowledge of complex land use issues.
The investments are made by IMMOVATE itself as well as in partnerships (for example with well-known private trusts or foundations). Our goal is to achieve results which thrill our partners. Both at home and abroad.
All of our strategic activities are oriented towards the long term, are characterised by a sense of responsibility and are in accordance with the principles of economics and ecology.
Our services

I. SCOUTING & TRANSACTIONS
Property selection, evaluation of the location,
market analysis, concept, strategic project
development, acquisition, marketing

IV. ASSET MANAGEMENT
Letting, property management, project marketing


II. DEVELOPMENT
Development, land use, planning, management

III. CONSTRUCTION MANAGEMENT
Planning management, construction management and building cost monitoring

I. SCOUTING TRANSACTIONS
Property selection, evaluation of the location,
market analysis, concept, strategic project
development, acquisition, marketing

II. DEVELOPMENT
Development, land use, planning, management

III. CONSTRUCTION MANAGEMENT
Planning management, construction management and building cost monitoring

IV. ASSET MANAGEMENT
Letting, property management, project marketing
Management
Management
The IMMOVATE Management Team
The founder and company owner of IMMOVATE is the Styrian property expert Martin Kurschel. Experienced real estate professionals Wolfgang Schnopfhagen and Florian Gangl joined the Board in 2021 and as managing directors are responsible for the management and strategic direction of IMMOVATE.
WOLFGANG SCHNOPFHAGEN (CEO)
As CEO of IMMOVATE, Wolfgang Schnopfhagen is primarily responsible for purchasing and sales, asset management, strategic orientation and overall budgeting. Born in Vienna, he joined IMMOVATE in 2019 and has over 15 years of industry experience.
FLORIAN GANGL (CTO)
Florian Gangl has been with IMMOVATE since 2010 and has served as its CTO since 2021. Born in Styria, he is responsible for overall project management, management and coordination of current projects, the company’s construction management activities, as well as project budgeting and financial planning. Florian Gangl has over 15 years of construction and project development experience working on large-scale real estate projects in Austria.
MARTIN KURSCHEL (founder and company owner)
Born in Graz, founder and company owner Martin Kurschel is at the helm of IMMOVATE, which he founded in 2001. A trained mechanical engineer and operating technician, he has been successfully dedicated to the investment and property sector for over 20 years.
