Morgan Stanley Real Estate Investing (MSREI) is buying a central, mixed-use property asset in Vienna.
The investment manager said it was acquiring the Wien Mitte building for a consortium for an undisclosed price.
The 95,404sqm complex includes a 33,000sqm shopping centre and 62,000sqm of office space.
The building’s office area is leased to tenants including the Austrian government and the Vienna Tourist Board.
Retail tenants include Interspar, H&M, Müller and Media Markt.
Brian Niles, head of MSREI Europe, said: “This was a rare opportunity to control a sizeable core property with some of the best retail and office space in central Vienna, consistent with our strategy of buying high-quality properties with the potential to improve underlying performance through asset management and create value for our partners.”
The transaction is expected to close by year-end.