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.
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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.
Michael Klement, CEO of United Benefits Holding: “The City Tower Vienna is
an iconic property that has become a landmark on Vienna’s skyline. The
success of our efforts in identifying and realising an investment
opportunity of this size in the current difficult market phase underscores
the confidence of institutional investors in our company. The tower is a
landmark property, which we plan to develop with a top tenant into a green
asset over the coming years. From the deal sourcing to transaction
management and active asset management, this project is further proof of
concept for our integrated service portfolio.”
Ralf Peter, Managing Director of EURO REAL ESTATE, on the transaction:
“The acquisition of the City Tower Vienna by EURO REAL ESTATE underscores
our commitment to sustainable and stable value investments in first-class
properties. We are proud to work with United Benefits Holding as our
transaction manager, whose expertise and extensive service offering
enabled the successful conclusion of this complex transaction. This
acquisition demonstrates our confidence in the Vienna market and our
strategy to invest in trophy assets that create long-term value for the
Wilhelm von Finck Group.“
“The successful sale of the City Tower Vienna shows that we are making
very good progress with our strategic sales programme. We were able to
sell this landmark property at an attractive price around book value. The
sale price of over 150 million Euros is the largest transaction to date
this year on the Vienna office market and, in times where the investment
market is characterised by noticeable restraint on the part of buyers, it
demonstrates the outstanding quality of our properties and the high real
estate expertise of our team. In line with our strategy, we plan to invest
the proceeds in higher yielding retail and office properties to create
additional value“, explained Radka Doehring, Member of the IMMOFINANZ
Executive Board.
“We are very proud to have brokered this trophy property to a
sustainability oriented investor in these challenging times. The long
contract term with the Republic as an optimal tenant at one of the most
attractive locations in Vienna is the basis for this transaction“,
explained Franz Pöltl, Managing Partner of EHL Investment Consulting.
“Investors with strong equity resources are beginning to stretch out their
feelers in the absolute top segment and anticipate the expected recovery
of the investment market.“
United Benefits Holding and its subsidiaries were responsible for the deal
sourcing, structuring and financing of the transaction as well as the due
diligence and contract negotiations. Professional support was provided by
Schönherr Rechtsanwälte (legal); TPA Unternehmensberatung (tax), United
Climate (ESG check) and Salzmann Capital (financing).
On United Benefits Holding
United Benefits Holding is an independent real estate service provider
with an integrated approach. Together with its subsidiaries – INVESTER
United Benefits (Development), EKAZENT Asset Management, United Climate
(ESG-Full-Service) and WEALTHCORE Investment Management – it initiates,
develops, realises and manages real estate investments in the DACH region
and offers a full range of services and processes along the entire value
chain for real estate investments. In line with the company’s clear ESG
strategy, independence, transparency and social justice as well as CO[2]
reduction and the sustainable creation of value represent the focal points
for all investments. The group employs roughly 90 employees and manages a
volume of approximately two billion euros. [1] www.ub-holding.com
On IMMOFINANZ
IMMOFINANZ is a commercial real estate group whose activities are focused
on the office and retail segments of eight core markets in Europe:
Austria, Germany, Poland, Czech Republic, Slovakia, Hungary, Romania and
the Adriatic region. The core business covers the management and
development of properties, whereby IMMOFINANZ relies on its established
real estate brands – STOP SHOP (retail), VIVO! (retail) and myhive
(office) – and also on complementary products and portfolios that include
S IMMO. IMMOFINANZ increased its investment in S IMMO to 50% plus one
share at the end of 2022 and now consolidates this company in full.
IMMOFINANZ Group holds roughly 500 properties with a combined value of
approximately EUR 8.2 billion. The company is listed on the stock
exchanges in Vienna (leading ATX index) and Warsaw. Further information
under: [2] https://www.immofinanz.com
On EHL Immobilien
EHL Immobilien is one of Austria’s leading real estate service providers
and is specialised in commercial, investment and residential properties.
Its activities range from property brokerage and appraisal, asset and
portfolio management to market research and investment advising. The
exclusive partnership with the global real estate service provider BNP
Paribas Real Estate gives the EHL Group access to a global network and
market know-how in 23 countries.
EHL Immobilien was founded in 1991 and has grown to become one of the
leading brokers in all major segments of the Austrian market, in
particular the rental of offices (2023: approx. 60,000 sqm) and retail
properties through its subsidiary EHL Gewerbeimmobilien GmbH and the
brokerage of apartments (2023: approx. 1,750 units rented/sold/invested)
by its subsidiary EHL Wohnen GmbH. The subsidiary EHL Investment
Consulting GmbH is the market leader in Austria with a brokered
transaction volume of approximately EUR 700 million. In addition, EHL
Immobilien Bewertung GmbH is the number one for property appraisal.
[3] www.ehl.at
Press Contacts
United Benefits Holding GmbH
Agentur SCRIVO Public Relations
Tristan Thaller
T + 49 89 45 23 508 15, M +49 1512 1731447
[4]tristan.thaller@scrivo-pr.de;
Website: [5]scrivo-pr.de
IMMOFINANZ
Investor Relations and Corporate Communications
Simone Korbelius
T +43 1 88 090 2291, M +43 699 1685 7291
[6]communications@immofinanz.com, [7]investor@immofinanz.com
EHL Immobilien
M&B PR, Thomas Brey
M +43 676 542 39 09, [8]brey@mb-pr.at
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06.05.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 9
1100 Vienna
Austria
Phone: +43 (0) 1 88090 – 2291
Fax: +43 1 88090 – 8291
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000A21KS2
WKN: A2JN9W
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Munich,
Stuttgart; Warschau, Vienna Stock Exchange (Official Market)
EQS News ID: 1895659
End of News EQS News Service
1895659 06.05.2024 CET/CEST
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