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We specialise in real estate investment and have holdings in 23 countries. This benefits our customers in Germany, as well as our partners worldwide. more information...
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Union Investment acquires hotel and office complex in Vienna from S+B Gruppe AG
Union Investment has made its first acquisition outside Germany for its UII Hotel Nr. 1 special fund, buying the "ibis & ibis budget Wien Messe" complex in the Austrian capital. The property has a lettable area of 14,777 sq m, comprising 71 per cent hotel space and 21 per cent office space, plus 140 parking spaces. The developer is S+B Gamma Immobilienentwicklung GmbH, a subsidiary of S+B Gruppe AG and PBS Immobilienholding GmbH.
Historically low interest rates cause further decline in real estate return expectations
• No evidence yet of shift to investments with significantly higher risk • Core segment remains Europe’s safe harbour • Letting markets in relatively good shape • Investment Climate Index falls in Germany, France and the UK