CA Immo has completed the sale of Mariahilfer Strasse 17 in Vienna. The buyer is IG Immobilien - the company has extensive experience in the management of mixed-use buildings in prime inner-city locations.
Centrally located on Mariahilfer Strasse, one of Vienna's main shopping streets, the property totals c. 3,600m2 of ground-floor high street retail and above-ground office space. The last reported occupancy was 92%.
Keegan Viscius, CEO of CA Immo: "Despite a challenging market environment, we are pleased with the successful sale of this mixed-use property. Completion of this sale is another step forward in line with our strategic objectives to continue to focus our portfolio on large, high-quality modern office buildings while freeing up capital for value accretive reallocation."
Paul Grassel, Managing Director of IG Immobilien: "The mixed-use property is an excellent addition to our broadly diversified portfolio. As a professional portfolio holder with decades of experience, we already have several properties in the vicinity of this location, and I am delighted that we are able to lead this building in a prime location into a new era."
CA Immo was advised on the sale by Otto Immobilien and Eastdil Secured.
Image provided by CA IMMO.
