Commercial real estate company Immofinanz has completed the sale of two office properties in Vienna to the Austrian Winegg Group for €60 million.
The two office properties are, “Franz Josefs Kai 27” and “Schreyvogelgasse 2”, locataed in downtown Vienna with perfect transport connections.
The two properties have a total area of around 7,000 m² and are let long-term.
“We are making rapid progress in implementing our portfolio strategy, which we decided on in the summer, with a focus on retail properties and myhive office solutions, as well as planned sales worth around one billion euros. This transaction is another important step following the recent sale of an office building in Prague and we are very pleased with the sales prices achieved. Since the strategy update was announced, we have already sold properties with a volume of around EUR 150 million. Investors are still very interested in high-quality office properties in central locations ,” says Radka Doehring, CEO of Immofinanz.