IMMOFINANZ is taking another important step in optimising its portfolio by selling an office property in Vienna. The “Bureau am Belvedere” building, with nearly 9,000 sqm of space, was sold to an Austrian investor.
“After successful sales totalling roughly EUR 166 million last year, the current transaction in Vienna is another step in implementing our portfolio strategy. The sale also proves that there is strong demand for our properties in the current environment. That is why we are making very good progress with our portfolio optimisation and the stronger focus on retail properties and office solutions with a higher yield that comes along with it,” says Radka Doehring, Executive Chairwoman of IMMOFINANZ.
The “Bureau am Belvedere” office building is located in the urban center, in Vienna’s fourth district, and has an excellent view of the Belvedere Palace and the palace gardens. The property is fully rented. The transaction was carried out in line with IMMOFINANZ‘s strategy.