Hamburg-based Union Investment Real Estate AG has acquired the Solaris office building in Vienna, Austria for its UniImmo: Deutschland open-ended real estate fund. The vendor of the property, which was completed in September 2008 and offers around 9,000 m² of space, is Vienna-based S + B Gruppe AG, which specializes in high-quality projects throughout Europe as developer, investor and prime contractor. The parties have agreed not to disclose details of the purchase price.
The 9,000-m² Solaris building was completed in September 2008.
A sophisticated and innovative green building, Solaris benefits from state-of-the-art climate technology that ensures the property is efficiently managed and delivers low operating costs. The office building is 90% let, with the vendor providing a three-year rental guarantee for the remaining space.
Solaris is a vital part of the business campus in Vienna's up-and-coming St. Marx district, which is located between the city center and the airport and boasts excellent underground and suburban rail links to both.
Source: Union Investment