DEKA Immobilien Investment has acquired the AUSTRO TOWER complex in Vienna, Austria, from SORAVIA. The parties agreed not to disclose the purchase price. The 136-meter high tower at Schnirchgasse 17 will remain the property of SORAVIA until its completion, scheduled for the 4th quarter of 2021, after which DEKA will take over the project. The building will already be fully let at that time – 85% of the 28,000m² of office space will become the new headquarters of Austro Control and ASFINAG. SORAVIA plans to move into the remaining space and use it as its new corporate headquarters.
The building will be constructed according to the highest ecological standards. Thanks to the most innovative planning, it is expected to achieve platinum status in both the LEED standard and the ÖGNI certification. The location also speaks for itself, the AUSTRO TOWER is located directly on the Danube Canal, surrounded by the TrIIIple residential towers and the TownTown business district. The development enjoys easy access by the public and private transport.
Erwin Soravia, CEO of SORAVIA, commented: “This transaction clearly shows that good projects retain their value even in times of crisis. Quality and sustainability are crucial for this. We are delighted to have found a top investor for this landmark in DEKA”.