In a strategic move to bolster its presence in Central and Eastern Europe, Austrian real estate firm ATL Immoinvest Group has acquired the QBC3 office building in Vienna from Union Investment. The transaction, concluded through a structured sales process, underscores ATL Immoinvest Group's commitment to expanding its portfolio in high-quality locations with long-term potential.
The QBC3 office building, completed in 2017, is situated in the Quartier Belvedere Central (QBC) district, adjacent to Vienna Central Station. Spanning approximately 8,200 m² across eight floors, the building offers flexible office spaces complemented by retail and restaurant facilities on the ground floor. During Union Investment's nine-year ownership, the property's value increased by around 25% through active asset management. The sale aligns with Union Investment's strategy to optimise its portfolio and capitalise on current market opportunities.
“With the acquisition of QBC3, we are laying the foundation for the strategic development of our real estate portfolio in the CEE region and are planning further targeted investments in high-quality locations with long-term potential,”emphasises Filip Rosa, Managing Director of ATL Immoinvest Group.
“During the holding period of nine years, we were able to increase the value of the building by around 25 percent through active asset management. We have now used the current market opportunity to successfully sell the property as part of a structured process,” says Alejandro Obermeyer, Head of Investment Management DACH at Union Investment.
The transaction was supported by legal and advisory services from Schönherr Rechtsanwälte, Vavrovsky Heine Marth Rechtsanwälte, TPA Steuerberatung, LeitnerLeitner Wirtschaftsprüfer Steuerberater, and DELTA Gruppe, with CBRE Austria acting as intermediary.
People:
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Filip Rosa – Managing Director, ATL Immoinvest Group
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Alejandro Obermeyer – Head of Investment Management DACH, Union Investment
Companies:
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ATL Immoinvest Group – Buyer
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Union Investment – Seller
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Schönherr Rechtsanwälte – Legal Advisor
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Vavrovsky Heine Marth Rechtsanwälte – Legal Advisor
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TPA Steuerberatung – Tax Advisor
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LeitnerLeitner Wirtschaftsprüfer Steuerberater – Tax Advisor
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DELTA Gruppe – Advisory Support
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CBRE Austria – Intermediary
Image Source: Union Investment (copyright)
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