The Austrian ATL Immoinvest Group has acquired the QBC3 office property in Vienna from Union Investment. Notification of the sales price was agreed. The building, which was completed in 2017, was acquired in 2016 as a project development for the existing real estate public fund Uniimmo: Global.
“With the purchase of the QBC3, we set the foundation of the strategic development of our real estate portfolio in the CEE region and plan further targeted investments in high-quality locations with long-term potential,” emphasizes “emphasizes”With the purchase of the QBC3, we set the foundation of the strategic further development of our real estate portfolio in the CEE region and plan further targeted investments in high-quality locations with long-term potential
“.
“During the keeping time of nine years, we were able to increase the value of the building by active asset management by around 25 percent. We have now used the current market chance to successfully sell the property as part of a structured process,” says “During the keeping time of nine years, we were able to increase the value of the building by active asset management by around 25 percent. We have now used the current market chance to successfully sell the property as part of a structured process
“.
The QBC3 is named after its location, the Belvedere Central (QBC) district, which is in the immediate vicinity of Vienna Central Station. The office building is one of six properties in the neighborhood. It comprises around 8,200 m² rental space, spread over eight floors. There are retail space and restaurants on the ground floor.
The transaction was accompanied by Schönherr Rechtsanwälte, Vavrovsky Heine Marth Rechtsanwälte, TPA Steuerberatung, Leitnerleitner auditor tax consultant and the Delta Group. CBRE Austria worked.
About ATL Immoinvest:
The ATL Immoinvest Group is a group of companies specializing in commercial properties with a focus on central and Eastern Europe. Under the leitmotif “Perfect Locations. Stable Values.“ Develop and invest in high -quality real estate projects that combine economic efficiency with sustainable urban development. “With ATL, we create cross -generational investments that shape the real estate industry of the future sustainably and offer users real added value,” emphasizes “emphasizes”With ATL we create cross -generational investments that shape the real estate industry of the future sustainably and offer users real added value
“. The integrated, cross -border approach includes the entire life cycle of real estate – long -term and with the highest quality standards.
About Union Investment:
Union Investment has stood for reliability, sustainability and consistent quality orientation in asset and investment management for 60 years. With a managed assets in open real estate funds, special funds as well as service and pooling mandates of around 55 billion euros, Union Investment is one of the largest providers of real estate solutions for private and institutional investors in Europe. The company is investing in the areas of office, retail, gastronomy, logistics and living and keeping around 475 properties worldwide in 24 countries in its portfolio.
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