03.12.2014 - Vienna, Workstation Wien West

Henderson

The office property Workstation Vienna West in the 14th district, located on Linzerstraße, was sold on 1st of December. The project was sold for 34.4 million Euros to the Warburg – Henderson Kapitalanlagegesellschaft für Immobilien on behalf of the Warburg – Henderson Österreich Fonds Nr.2.

The two office buildings of the project, comprising a total of about 17.900 m² of office space, were built in 2002 and 2004. The anchor tenant is Allianz Insurance AG with a long-term rent commitment.

RPHI has further available property reserves at the attractive Linzerstraße location, with the option of constructing an additional 8.500 m2 (approx.) of gross floor area for further possible development.

During the transaction Moore Stephens Kroiss & Partner consulted RPHI in tax matters and Fiebinger Polak Leon & Partner Attorneys GmbH advised on legal matters.