Deka Immobilien's WestInvest InterSelect fund has sold a 4,000 m2 office building in the Austrian capital of Vienna.
Deka Immobilien's WestInvest InterSelect fund has sold a 4,000 m2 office building in the Austrian capital of Vienna.
The property near the city centre was acquired by an Austrian banking group for €7 mln. The building is occupied by the Vienna Social Fund, which assists the city authorities with social programmes.
WestInvest InterSelect divested the property, dating from 2000, as part of its portfolio optimisation programme and to reduce its overall vacancy rate.
Property advisers CBRE and JPI acted for Deka, with Allmayer -Beck Stockert providing legal advice.