ATL Immoinvest Group Acquires QBC3 Office Building in Vienna from Union Investment

In a significant move within the real estate sector, the ATL Immoinvest Group has successfully acquired the QBC3 office building located in Vienna from Union Investment. The details regarding the sale price have not been disclosed.

The QBC3 building, which was completed in 2017, forms part of the broader Quartier Belvedere Central (QBC) near Vienna's main train station. This modern office structure encompasses approximately 8,200 square meters of rental space across eight floors, featuring retail outlets and restaurants on the ground level.

Filip Rosa, Managing Director of ATL Immoinvest Group, stated that this acquisition lays the groundwork for the strategic enhancement of their real estate portfolio in Central and Eastern Europe (CEE). The company intends to pursue further investments in premium locations that demonstrate long-term potential.

Union Investment, which has held the property for nine years, has successfully increased its value by around 25% through proactive asset management. Alejandro Obermeyer, Head of Investment Management DACH at Union Investment, expressed that the firm seized the current market opportunity to sell the property following a structured process.

The transaction was supported by several legal and advisory firms, including Schönherr Rechtsanwälte, Vavrovsky Heine Marth Rechtsanwälte, TPA Steuerberatung, LeitnerLeitner Wirtschaftsprüfer Steuerberater, and the DELTA Group. Additionally, CBRE Austria acted as the intermediary for the sale.

ATL Immoinvest Group specializes in commercial real estate and focuses on investments within Central and Eastern Europe. Their guiding principle, "Perfect Locations. Stable Values.", emphasizes the development and investment in high-quality properties that align economic efficiency with sustainable urban development.

Union Investment, with a legacy of over 60 years in asset and investment management, manages around EUR55 billion in assets across various sectors, including office, retail, hospitality, logistics, and residential properties. The company boasts a portfolio of approximately 475 properties in 24 countries worldwide.