UBM Development AG has taken another step towards optimising its standing portfolio. The sale of Doppio Offices to Union Investment has been finalised and the property handed over.
The standing asset has been acquired by the property investment manager Union Investment for its in Austria distributed open real estate fund Immofonds 1.
Doppio Offices has an ideal location close to Vienna’s city centre in the third district, in the urban development area “Neu Marx”. Conceived as an extension to the awardwinning T-Center, the office building is an optimal business venue. Tenants include renowned brands such as Fielmann, Lidl, ÖWD and BM Tricon. The building was completed in May 2012.
The ten storeys of the Doppio Offices have total lettable space of around 8,000m² and benefit from excellent transport connection, comprehensive infrastructure and very good technical fittings. In addition, the office building offers 85 parking spaces.
