Dusseldorf-based Signa Property Funds has acquired the Generali Tower in Vienna for about EUR 60 mln. The main lease with insurer Generali runs until 2017 and will generate annual rent of just over EUR 3 mln this year. Earlier this month, Signa acquired the Ikaros business centre in the Neudorf district of Luxembourg City for EUR 164 mln. The business park provides some 30,000 m[sup]2[/sup] of space. The premises, which are leased to Deloitte and the Nordea bank, will be incorporated in a closed-end real estate fund. Signa said it has not decided yet whether the Generali Tower will also be treated in this way.
Dusseldorf-based Signa Property Funds has acquired the Generali Tower in Vienna for about EUR 60 mln. The main lease with insurer Generali runs until 2017 and will generate annual rent of just over EUR 3 mln this year. Earlier this month, Signa acquired the Ikaros business centre in the Neudorf district of Luxembourg City for EUR 164 mln. The business park provides some 30,000 m2 of space. The premises, which are leased to Deloitte and the Nordea bank, will be incorporated in a closed-end real estate fund. Signa said it has not decided yet whether the Generali Tower will also be treated in this way.