UBM Development is developing together with S Immo Quartier Belvedere Central (QBC) at Vienna Central Station. On a total of six construction lots, a new city quarter with a dynamic mix of offices, hotels and apartments is taking shape near the Viennese city centre.
The office space of QBC 3 has now been sold by both partners to Union Investment in a forward share deal. The purchase price is based on a property value of around €30m, with UBM’s stake valued at €19.5m (65%). The turnkey purchase is subject to fulfilling the closing conditions typical for this type of property transaction and will take effect upon handover of the property in the course of the 4Q of 2017.
On an area of around 7,600m², QBC 3 will offer its tenants office space that can be flexibly divided and is flooded with light, across a total of eight floors. Retail space and restaurants are found on the ground floor of QBC 3 and a special highlight of QBC 3 is the roof terrace on the eighth floor with views over Vienna.
In this early phase, around 30% of the space has already been let out and a further 53% has been reserved. Tenants who have come on board include the Austrian subsidiary of the logistics service group VTG, the provider of office and conference facilities Your–Office, and the independent insurance broker VMG.
