Real I.S. buys commercial asset in Austria for German pension funds

Real I.S. has acquired a commercial property in Austria for three German pension funds for EUR110m.

The asset manager said a special investment fund has bought the fully-let 25,000sqm commercial property, Wien Westbahnhof A3, in Vienna from the shareholders of Acron Wien West A3.

The mixed-use Wien Westbahnhof A3 commercial property comprises eight above-ground floors and a basement.

Jochen Schenk, the CEO of Real I.S., said: “This club deal allows us, once again, to demonstrate our expertise in creating structured investment solutions for our institutional investors.

“As a key component of the Bahnhofcity Wien West rail station complex, this commercial property benefits from outstanding transport links. What’s more, the building’s multi-tenant structure is broadly diversified across three different asset classes.”