EQS-News

United Benefits Holding acquires City Tower Vienna for EURO REAL ESTATE from IMMOFINANZ

EQS-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal United Benefits Holding acquires City Tower Vienna for EURO REAL ESTATE from IMMOFINANZ 06.05.2024 / 08:30 CET/CEST The issuer is solely responsible for the content of this announcement. United Benefits Holding acquires City Tower Vienna for EURO REAL ESTATE from IMMOFINANZ

 

• Landmark property with 26,600 sqm of usable space at top location in Wien Mitte
• United Benefits Holding realises acquisition of the “Justizzentrum Wien Mitte“ for EURO REAL ESTATE with a transaction volume of more than 150 million Euros
• Transaction brokerage provided by EHL Investment Consulting

 

Vienna, 06.05.2024 – With a purchase price of more than 150 million Euros, this sale is the largest transaction in the office segment of Austria’s real estate market to date in 2024: EURO REAL ESTATE, a member company of the Wilhelm von Finck Group, acquired the City Tower Vienna, one of the most prominent office properties in Vienna, from IMMOFINANZ. United Benefits Holding realised the acquisition through an individual mandate and will now support asset management as a local partner. Based on the early demonstration of taxonomy eligibility, United Benefits Holding was also able to optimise the financing conditions with a major domestic bank. The tower has 24 upper and 4 underground floors with roughly 26,600 sqm of usable space as well as 100 underground parking spaces. It is leased in its entirety to the Republic of Austria and houses the judiciary center in Wien Mitte. The transaction was brokered by EHL Investment Consulting.

 

This 87 meter complex comprises a high-rise tower with a rotated head structure and two partially elevated side buildings, each with a height of 28 meters. It is located at a central site on the Marxergasse, directly near the urbane Wien Mitte railway station, one of the most important inner city traffic hubs with stations for the U3 and U4 underground lines, the rapid transit railway, long-distance trains, the CAT and numerous tram and bus lines. Vienna International Airport can be reached in 16 minutes, and the Main Railway Station and West Railway Station in ten minutes.