CA Immo sells office property in Vienna

Sale of Donau Business Center in Vienna in line with strategic capital rotation program

Vienna, June 13 2022. CA Immo has successfully signed and closed the sale of the “Donau Business Center” office building, which comprises approx. 23,000 sqm of gross leasable area (GLA). The transaction has closed at a premium to the book value as at 31 December 2021.

The property is located at the waterfront of the Danube River in Vienna’s second district, within the office market Prater and is well accessible by public transport and by car. The current occupancy rate of Donau Business Center is around 95%.

Hedwig Höfler, Head of Investment Management AT & CEE: “With the sale of the Donau Business Center office building, we have further optimized our focus on modern Class A office properties. The overarching goal of our capital rotation program is to increase the attractiveness and sustainability of our asset portfolio.”

CA Immo was advised by CBRE as a broker during the sales process.

Images can be downloaded via this link.