Specialist office investor CA Immo has sold the Donau Business Center office building in Vienna as part of its asset rotation strategy.
According to the firm, the transaction closed at a premium to the book value as at 31 December 2021.
Comprising 23,000 m2 of gross leasable area (GLA), the current occupancy rate is around 95%.
Hedwig Höfler, head of investment management AT & CEE: 'With the sale of the Donau Business Center office building, we have further optimized our focus on modern Class A office properties.
'The overarching goal of our capital rotation program is to increase the attractiveness and sustainability of our asset portfolio.'
The property is located at the waterfront of the Danube River in Vienna’s second district, within the office market Prater and is accessible by public transport and by car.
CA Immo was advised by CBRE as a broker during the sales process.
