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U6 Centre

Lemböckgasse, Vienna, Austria
  • Acquisition Type:
    Investment (Apleona Fonsmanagement)
  • Acquisition Date:
    2018
  • Status:
    Sold
  • Project:
    2 Office buildings
  • Building Age:
    1973
  • Size:
    24,864 sq.m.
  • Asset Class:
    Office
Highlights
  • Acquisition of last asset in German closed ended fund
  • Excellent location in improving Vienna suburb adjacent to train/metro station
  • 70% occupancy but with short WAULT
  • EUR 4 million refurbishment including redesign of façades and new entrances
  • Rebranding to “U6 Centre”