CA Immo divests mixed-use property in Vienna

The mixed-use building at Mariahilfer Strasse 17, located on the biggest shopping street in Austria

CA Immo divests mixed-use property in Vienna

CA Immo has concluded the sale of Mariahilfer Strasse 17, a mixed-use property in Vienna.

The new owner is IG Immobilien, known for its expertise in managing mixed-use buildings in prime inner-city locations.

Centrally located on Mariahilfer Strasse, one of Vienna’s main shopping streets, the property totals c. 3,600 sqm of ground floor high street retail and above ground office space. Last reported occupancy was 92%.

Keegan Viscius, CEO of CA Immo: “Despite a challenging market environment, we are pleased with the successful sale of this mixed-use property. Completion of this sale is another step forward in line with our strategic objectives to continue to focus our portfolio on large high quality modern office buildings, while freeing up capital for value accretive reallocation. “

Paul Grassel, Managing Director of IG Immobilien: “The mixed-use property is an excellent addition to our broadly diversified portfolio. As a professional portfolio holder with decades of experience, we already have several properties in the vicinity of this location and I am delighted that we are able to lead this building in a prime location into a new era.”

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