Union Investment has sold the Bruckner Office Centre in Linz, Austria, to main tenant, software company Fabasoft, for an undisclosed amount.
The acquisition was made via the newly founded project company Hon24 Immobilien GmbH, whose sole shareholder is Fabasoft AG.
The building at Honauerstrasse 2-4 had been part of the portfolio of the immofonds1 open-ended real estate fund, which is marketed exclusively in Austria, since 2015.
'The majority of transactions in the Austrian market take place in Vienna. The current sale is therefore an important signal that transactions can also be handled very successfully in markets such as Linz,' said Alejandro Obermeyer, head of Investment Management DACH at Union Investment.
The Bruckner Office Centre was completed in 2002 and comprises around 7,500 m2 of usable space, with around 84% of offices and the rest for retail use.
