A joint venture of Morgan Stanley Real Estate Investing (MSREI) and Austrian retail specialist CC Real is believed to have put the Millennium tower complex in Vienna on the market.

A joint venture of Morgan Stanley Real Estate Investing (MSREI) and Austrian retail specialist CC Real is believed to have put the Millennium tower complex in Vienna on the market.

According to a news report by Immoflash, MSREI and CC Real are seeking a buyer for the scheme which they bought for a bargain price of €320 mln in the country's largest transaction last year.

The vendor was a fund managed by Hamburg-based investment manager MPC Capital, which bought the complex from its owner George Stumpf in 2003 for €360 mln.

Millennium Tower opened in 1999 and is one of Austria’s tallest office buildings at 202 metres, with 40,000 m2 of office space.

Millennium City, the adjacent entertainment and shopping centre, was built in 2003 and offers more than 100 shops and a state-of-the-art entertainment section which together represent 53,000 m2.

MSREI did not respond to an email request for comment.