One Team. One Goal.

Fourreal Team
Anna Orgovanyi-Hanstein, MSc

Anna Orgovanyi-Hanstein, MSc

Anna Orgovanyi-Hanstein held senior positions in leading real estate companies for over decade, during which time she oversaw the purchase and development of umpteen properties in Vienna and Berlin. In 2012, motivated by a desire to put this experience to optimum use, Ms Orgovanyi-Hanstein decided to step out and go into business for herself. Together with Paul Fiala she founded the Comber Fiala Group, which in 2014 merged with the fourreal Group. In 2013 Ms Orgovanyi-Hanstein gained her Master’s degree in Real Estate from the Danube University Krems.

Kontaktieren Sie mich persönlich
Mag. Paul Fiala, MSc

Mag. Paul Fiala, MSc

Paul Fiala found his way into self-employment while studying law at the University of Vienna. Although in the early days his main focus was on starting up pharmacies, since 2012 his interest has shifted to developing residential and investment properties. Together with Ms Orgovanyi-Hanstein he was able to build up an attractive portfolio of properties within a short period of time. In 2016 Mr Fiala gained his MSc in Real Estate Management & Valuation from Vienna University of Technology, graduating with distinction.

Kontaktieren Sie mich persönlich


The fourreal Group is a Vienna-based privately-owned developer specialising in residential properties. Our expertise lies in real estate development projects, the development of apartment blocks for rent, residential construction, renovation, property rental, real estate investments, architecture, design and real estate financing. Our geographic focus is on the German-speaking countries – in particular, the metropolitan areas of Vienna and Berlin.


Our vision is to deliver contemporary projects fused with timeless elegance. In pursuit of this vision, we leave no stone unturned but regularly put even proven methods up for discussion. We call this Re-Thinking property development. We don’t look for opportunities, we create them.

Fourreal is
Vision. Quest.
Present. Future.

To expand both our project portfolio and our own holdings, we are constantly on the lookout for properties with potential for development in good and excellent residential locations in Vienna, the commuter belt and in Berlin.

We buy apartment blocks, residential buildings and land for new housing projects, as well as properties for partitioning, investment properties and apartment packages. We guarantee you the utmost discretion and integrity – we would be happy to send you a confidentiality agreement.

Do you have something that might interest us? We look forward to hearing from you and to a successful collaboration in future!


Real estate development as a piece of art – Built in 1859 by a family of master builders, our project Hietzinger Hauptstraße 65 located in the 13th district of Vienna was recently fully refurbished and extended by two attic levels. Now, it’s a piece of timeless architectural history without any compromise – this is our understanding of real estate development.





Residential development in Berlin's place to be




Exclusive apartment building development




Development of a mixed-use building in the city center of Chemnitz




Development of a mixed-use building next to Gohlis.




Contemporary living in a lively quarter of Berlin




Residential development in an up-and-coming district of Berlin




Apartment block development in a good residential location in Berlin

St. Poelten

St. Poelten

St. Poelten

Retail and office building in the central pedestrian area of St. Poelten




Apartment building in a good residential location in Berlin


1160 Wien

1160 Wien

Apartment block development in Ottakring




New development of a building ensemble in Kelkheim near Frankfurt

Fourreal is
quality. success.

No projects found.

is. Everything.

fourreal GmbH

Bauernmarkt 10/14
1010 Vienna

Telephone: +43 1 890 65 70

Without exception invoices issued to the fourreal Group (this includes all subsidiaries and sister companies) must be sent electronically to or by post to the company headquarters at Bauernmarkt 10/14, 1010 Vienna.

For further information and information that we are required to provide by law please refer to
Legal Notice/Privacy Policy/Disclaimer.

Führt zusammen.


fourreal GmbH

Bauernmarkt 10/14
A-1010 Vienna
Tel: +43 1 890 65 70


Without exception invoices issued to the fourreal Group (this includes all subsidiaries and sister companies) must be sent electronically to or by post to the company headquarters at Bauernmarkt 10/14, 1010 Vienna.


Information pursuant to the E-Commerce Act (§ 5 ECG), Austrian Commercial Code (§ 14 UGB) and the Media Act (§ 25 (5) MedienG)

The website is made available by:

fourreal GmbH
Bauernmarkt 10/14
A-1010 Vienna
FN 436064x
VAT ID NO. ATU69702869

Business description: Estate agents, restricted to real estate brokerage with no authorisation to broker mortgages and property development

Supervisory authority:  Administration of the City of ViennaCompetent Chamber: Austrian Economic Chamber, Trade Association of Real Estate Trustees and Asset Trustees, Vienna Section

Applicable provisions of commercial law:


We, fourreal GmbH (hereinafter “fourreal”), have a legal obligation to protect your data and we take this obligation very seriously. Please take the time to read our Privacy Policy carefully to find out why we collect your data and how we process it in connection with our business activities, the operation of our website, marketing activities and recruitment processes. fourreal, as the operator of this website, endeavours to carefully check the content provided and to the best of its knowledge and belief to present it completely and correctly and to keep it up-to-date.

We therefore process your data exclusively on the basis of the applicable statutory provisions, namely the national Data Protection Act (DSG), the General Data Protection Regulation (GDPR) and the Telecommunications Act 2003 (TKG 2003).


fourreal GmbH,
Bauernmarkt 10/14,
1010 Vienna

Telephone: +43 1 890 65 70


Personal data within the meaning of data protection law is all data containing information about personal or factual circumstances, such as name, address, e-mail address, telephone number, date of birth, age, sex, national insurance number, video recordings, photographs and voice recordings of individuals. It may also include sensitive data, such as health data or data relating to criminal proceedings.

To improve the quality of the information we offer, the following data is collected, stored and evaluated on our website when you visit our website: Browser type, operating system, country, date, time, length of time spent on the site, IP address, pages visited, including entrance and exit pages. This data will not be used to personally identify the visitor of this website. For data processing we use contract processors. Your data will also be processed at least in part outside the EU or the EEA, namely in the USA. The adequate level of protection is based on an adequacy decision of the European Commission pursuant to Art. 45 GDPR and on the privacy policies of the contract processors (see point 5. Data Recipients). The web server is located in Frankfurt am Main in Germany (the headquarters of the provider – Digital Ocean in the USA).

If, in addition, personal data (e.g. name, address or e-mail addresses in connection with the sending of our newsletter) is collected on our pages, this is done on the basis of information that you have provided voluntarily. We will not pass on this data to third parties without your explicit consent.


We process your data for the following purposes:

  1. a) Processing and transfer of personal data within the framework of business transactions and activities undertaken prior to entering into a contract in connection with (potential) business transactions.
  2. b) Operation and optimisation of our website
  3. c) fourreal marketing: Sending alerts and information about current projects, in particular when sales and marketing activities are launched for projects, invitations to fourreal events and the organisation of these events, sending of event-related congratulations by fourreal.
  4. d) Evaluation of the professional and personal skills of applicants and the filling of vacancies


Data processing (a) within the scope of our business activities is carried out on the lawful basis of performance of the contract or of steps taken prior to entering into a contract with the respective (potential) business partners in accordance with Art 6 (1) b GDPR and the lawful basis of consent in accordance with Art 6 (1) a GDPR, because processing is necessary for compliance with a legal obligation in accordance with Art 6 (1) c GDPR and because processing is necessary for the performance of a task carried out in the public interest in accordance with Art 6 (1) e GDPR, namely to report data to Statistik Austria AG, and for the establishment, exercise or defence of legal claims in accordance with Art 9 (2) f GDPR.

If you are already a fourreal business partner or wish to become one, i.e. if you have an existing contract or wish to conclude one, you are obliged – on the basis of the contract with fourreal – to provide certain personal data that is necessary for the purposes of the business transaction. Failure to provide such data would result in fourreal being unable to enter into any business with you.

Data processing (b) for the purpose of operating and optimising our website is carried out on the lawful basis of legitimate interests in accordance with Art 6 (1) f GDPR, namely the legitimate interest of fourreal in operating and optimising the website and marketing, whereby, with the exception of registrations for the fourreal newsletter and for fourreal events, the IP address is not captured in full and therefore cannot be attributed to a particular individual during the analysis of the website usage. (For more information on the collection of data and the software used, please refer to the Cookies section of this Privacy Policy and the “Privacy Policy for Google Analytics”).

Data processing (c) for fourreal marketing purposes is carried out on the lawful basis of consent in accordance with Art 6 (1) a GDPR and on the lawful basis of the legitimate interest in accordance with Art 6 (1) f GDPR, namely the interest of fourreal in marketing activities and supplying information about relevant updates regarding fourreal projects.

Data processing (d) within the scope of application processes is carried out on the lawful basis of consent in accordance with the Art 6 (1) a GDPR, steps taken prior to entering into a contract in accordance with Art 6 (1) b GDPR and on the lawful basis of the legitimate interest in accordance with Art 6 (1) f GDPR, namely the interest in examining candidates for suitability for the specific position within the company. It is necessary to process your data for the purpose of the application process. If you do not make your data available, we will not be able to process your application.


Personal data is passed on to the following persons:

  1. a) Within the scope of business activities: Agents, lawyers, architects, specialist planners, third parties who are involved with the performance of our contracts (e.g. notaries), insurance companies, banks, tax consultants, accountants and regional health insurance funds.
  2. b) Operation and optimisation of our website

Hosting Website
DigitalOcean, LLC.
101 Avenue of the Americas, 10th Floor,
New York, NY 10013

Digital Ocean Privacy Policy:

EU-U.S. and Swiss-U.S. Privacy Shield:

The web server itself is located in Germany.

WORLD4YOU Internet Services GmbH,
Hafenstraße 35
4020 Linz

  1. c) fourreal marketing (such as programmers of websites or newsletters, marketing agencies or graphic design agencies for newsletters and event mailings)
  2. d) within the scope of application processes: Providers of recruitment services, software providers, where the data centre is located within the EU.

Furthermore, fourreal undertakes not to disclose your personal data to third parties unless fourreal is obliged to do so by law or by a judicial decision.


It may be necessary in the course of ongoing business relations and activities undertaken prior to entering into a contract (potential business partners) to transfer personal data to other companies outside Austria and outside the European Economic Area. Some of these countries do not offer the same level of data protection as within the European Union.

In cases where fourreal transfers personal data, appropriate safeguards for the transfer of data will be put in place to ensure adequate protection. Upon request fourreal will supply a copy of the security measures.


Personal data that is processed by us will only be stored by us until the purpose for which it is processed is fulfilled. Criteria for data retention are:

  1. a) Within the scope of business activities: Insofar as corporate and tax law retention periods must be observed, certain data may be stored for a period of up to twenty-two years. Additional criteria for data retention are obligations under commercial law, the fulfilment of evidence requirements in connection with the prevention of money laundering and the financing of terrorism and the length of the limitation period for legal claims (can be up to 40 years depending on the legal basis).
  2. b) Operation and optimisation of our website: To improve the quality of the information we offer, the following data is collected, stored and evaluated on our website when you visit our website: Browser type, operating system, country, date, time, length of time spent on the site, IP address, pages visited, including entrance and exit pages. This data is not used to personally identify the user of this website. Personal data is processed when registering for fourreal events and the newsletter (for details of how long this data is stored please see Point 7.c. below).
  3. c) fourreal marketing: Until we receive notice that this consent has been withdrawn. The data you provide when registering for an event is deleted one month after the date of the event.
  4. d) Application processes: Data is stored for up to seven months after completion of the application process if no contractual relationship is established. If you consent to us keeping your details on file, your data will be stored until we receive notice that this consent has been withdrawn (however, for no longer than three years at most).


As a data subject within the meaning of data protection legislation, you have in particular the following rights:

  • The right to information about the processing of your personal data;
  • The right to have your personal data corrected or deleted or to restrict processing;
  • The right to object to processing
  • The right to data portability.

Should there be any changes to your personal data, please inform us accordingly. If you are of the opinion that the processing of your data breaches data protection law or that your data protection rights have otherwise been violated, you may lodge a complaint with the Data Protection Authority.

If the data processing is based on your consent, you may withdraw your consent to the processing of your data at any time by writing (e-mail suffices) to The withdrawal of consent does not affect the lawfulness of processing based on consent before its withdrawal.


Our website also contains links to other websites. However, the Privacy Policy set out here does not apply to these websites. We therefore request that you visit these websites directly in order to obtain data protection information for the respective websites. fourreal cannot be held liable for measures adopted by these websites or for the content of these websites.


Server Data – Visiting the Website

We collect and use personal data to the extent necessary to provide functional websites and our content and services. We use your personal data to provide you with the information, products and services we offer, to answer your questions and to operate and improve our websites and applications.
For technical reasons, in particular to ensure a secure and stable Internet presence, data is transferred to us or to our web space provider via your Internet browser. This data is used to process the type and version of your web browser, the operating system you use, the website of our Internet presence that you visit, the date and time you visit our website as well as the IP address of the Internet connection from which our Internet presence is accessed.

The data collected in this way will be temporarily stored, but not together with your other data. This data is stored on the legal basis of Art. 6 (1) f GDPR.

The data will be deleted again after authorised processing, provided that no further storage is required for security purposes or for use as evidence under applicable law. Otherwise, the data will be wholly or partially exempt from deletion until an incident has been conclusively resolved.


The web server stores only anonymised data unless you register for the fourreal newsletter or fourreal events via our website. In this case, the personal data you enter as well as your IP address and the user agent will be saved.

We store the anonymised data for technical reasons as well as for the statistical evaluation and analysis of the use of our website in order to optimise our Internet presence.

For more information on the storage of personal data within the scope of fourreal marketing activities, please refer to “Newsletter” under Point 11 of this Privacy Policy. For more information on the duration of storage please refer to “Duration of Data Retention”, Point 7 c).


You have the possibility to subscribe to our newsletter via our website and thereby receive electronic news about legal topics and events.

If you register for our newsletter via our website, we process your name, your e-mail address, the time of registration and your IP address. In addition, we store details of which newsletters we have sent you, if and when you opened or blocked them or marked them as spam, whether they could not be delivered temporarily or permanently, whether you subscribe or unsubscribe from the newsletter and which and how many links you click on in the newsletters. The processing of this data is covered by the consent given when registering for our newsletter. If you do not wish to provide this information, we ask you not to register for the newsletter.

You may cancel the receipt of the newsletter at any time using the link contained in the newsletter or by sending an e-mail to You will then be unsubscribed from the newsletter and your data will then be deleted.


Appropriate organisational and technical precautions have been put in place to protect your personal data. Your data is hosted by providers which are located in Austria or in a country which complies with the “EU-U.S. and Swiss-U.S. Privacy” Shield frameworks (Digital Ocean USA). Both fourreal and the providers use technical and organisational security measures to protect the data collected from manipulation, loss, destruction or access by unauthorised persons. Notwithstanding our efforts to maintain an appropriately high level of due diligence at all times, it cannot be ruled out that information that you disclose to us via the Internet may be viewed and used by other persons.

We would like to point out that transferring data over the Internet (e.g. communication by e-mail) may have security vulnerabilities. Complete protection of data from access by third parties is not possible.

Please note that we therefore accept no liability whatsoever for the disclosure of information due to errors in data transfer not caused by us and/or unauthorised access by third parties (hacking attacks on e-mail accounts or telephone, interception of faxes).


Cookies help make our services more user-friendly, effective and secure. Cookies are little text files that are stored on your computer and saved to your browser.

Most of the cookies we use are “session cookies”. They are automatically deleted at the end of your visit. Other cookies remain stored on your device until you delete them. Using such cookies enables us to recognise your browser the next time you visit us.

You can set your browser to inform you when cookies are used and to allow cookies only on a case-by-case basis, to accept cookies in certain cases or to generally prohibit them. You can also activate automatic deletion of cookies when you close your browser. If you disable cookies, certain functions of this website might not be available or may not work correctly.


This website uses functions of the web analysis service Google Analytics. It is operated by Google Inc., 1600 Amphitheatre Parkway Mountain View, CA 94043, USA.

Google Analytics uses cookies. These are text files that are stored on your computer and enable an analysis of your use of the website. The information generated by the cookie about your use of this website is usually transferred to a Google server in the USA and stored there.

  • Browser Plugins

You can prevent cookies being stored by selecting the appropriate settings in your browser software; however, please note that if you do this you may not be able to make full use of all the functions available on this website. In addition, you can prevent the transfer to Google of cookie-generated data and data related to your use of the website (including your IP address), as well as the processing of such data by Google by downloading and installing this browser plugin.

  • Objection to Data Collection

You can object to Google Analytics collecting your data on this site in the following section. An opt-out cookie is set which prevents the collection of your data on future visits to this website.

If you delete the cookies on your computer, you must set the opt-out cookie again.

  • Contract Data Processing

We have concluded a contract with Google for contract data processing and fully implement the strict requirements of the German data protection authorities for the use of Google Analytics.

  • IP Anonymisation

We have enabled the IP anonymisation function on this website. As a result, Google will truncate your IP address within the member states of the European Union or in other contracting states to the Agreement on the European Economic Area before it is transmitted to the USA. Only in exceptional case will the full IP address be transmitted to a Google server in the USA and truncated there. On behalf of the operator of this website Google will use this information to evaluate your use of the website, to compile reports on website activity and to provide the website operator with other services relating to the website and Internet use. The IP address transmitted by your browser as part of Google Analytics will not be combined with other Google data.

For more information on how Google Analytics uses user data, please refer to the Google Privacy Policy.


We will continue to adapt this Privacy Policy in line with continuing developments. Changes will be announced on our website in good time. You should therefore regularly access this Privacy Policy to inform yourself about the current version.


This website is made available by fourreal GmbH (hereinafter fourreal) and, where applicable, by companies in which fourreal has a direct or indirect interest, in accordance with the Terms of Use set out below.

1. Copyright

All contents of the fourreal website are protected by copyright and may only be used for personal use. Any use of the contents of this website in violation of the provisions of copyright law without the express prior consent of fourreal is prohibited.


The content provided on this website by fourreal is general information about fourreal and its projects. fourreal, as the operator of this website, endeavours to carefully check the content provided and to the best of its knowledge and belief to present it completely and correctly and to keep it up-to-date. Nevertheless, fourreal accepts no liability whatsoever in connection with the use (or non-use) of the content provided.

3. EXTERNAL LINKS DISCLAIMER contains links to the websites of third parties (external links) over which fourreal has no control. The same applies to third-party websites that lead to this site via hyperlinks. The limitation of liability under § 17 E-Commerce Act (ECG) applies. Should fourreal become aware of any illegal content on any linked website, fourreal will remove the link without delay.


FOURREAL enjoys protection as a trademark, domain and company name under the various provisions of the law on trademarks and is registered as a Union trademark under the number UM 17118183 in class 36. The use of these trademarks is therefore exclusively reserved for fourreal and any licensees it may have.


fourreal expressly reserves the right to modify, supplement or delete parts of the website or the entire website or to discontinue the website temporarily or permanently without prior notice.


The background images purchased from were photographed by:

The photographs of members of our staff and the conference room were taken by Philipp Jelenska.

The photographers who took the photos on the Projects page are:

Staudgasse 22 Peter Kröll
Neusiedler Straße 7-9: Stan Hana, CORDES Werbeconsulting GmbH
Steinergasse 17: Dr. Markus Kalusche,
Sechsschimmelgasse 20: Paul Fiala, MSc
Sechsschimmelgasse 18: Stan Hana, CORDES Werbeconsulting GmbH
Kärntner Straße 8: unknown
Mühlenstraße 60: Frank Schiffer
Hietzinger Hauptstraße 65: Peter Kröll
Sieveringer Straße: Paul Fiala, MSc
Carl-Reichert-Gasse: Dipl.-Ing. Robert Hammer, HOT architektur ZT GmbH
Agnesgasse: Paul Fiala, MSc
Eisenhutgasse: Mag. arch. Lois Hagmüller
Rosaliagasse 25: Sandra Tenschert
Hetzendorfer Straße 191: Sandra Tenschert
Fernkorngasse 51-55: Dennis Bernard
Fuldastraße 40: unknown
Wörthgasse: Paul Fiala, MSc
Hettenkofergasse 19: Paul Fiala, MSc
Horneckgasse 10: unknown
Simmeringer Hauptstraße 3: Korbinian Riedler
Hütteldorfer Straße 269-271: Dennis Bernard
Mauerbachstraße 17: Dennis Bernard
Juliusstraße: Frank Schiffer
Annenstraße: Paul Spiegel
Grützmacher Str. 10 in 23966 Wismar:, Gabriel Kantorek


Austrian law applies, sole legal venue is Vienna.
General terms of contract (German)

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