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Union Investment sells Vienna office building QBC3 to ATL Immoinvest Group
The Austrian ATL Immoinvest Group has acquired the QBC3 office property in Vienna from Union Investment. The parties have agreed not to disclose the purchase price. The building, which was completed in 2017, was acquired in 2016 as a development for the portfolio of the UniImmo: Global open-ended real estate fund.
"With the acquisition of QBC3, we are laying the foundation for the strategic development of our real estate portfolio in the CEE region and are planning further targeted investments in high-quality locations with long-term potential," emphasizes Filip Rosa, Managing Director of the ATL Immoinvest Group.
"During the holding period of nine years, we were able to increase the value of the building by around 25 percent through active asset management. We have now used the current market opportunity to successfully sell the property as part of a structured process."
Alejandro Obermeyer, Head of Investment Management DACH at Union Investment
3 June 2025
QBC3 is named after its location, Quartier Belvedere Central (QBC), which is in the immediate vicinity of Vienna Central Station. The office building is one of six properties in the quarter. It comprises around 8,200 m² of rental space spread over eight floors. Retail space and restaurants are located on the first floor.
Schönherr Rechtsanwälte, Vavrovsky Heine Marth Rechtsanwälte, TPA Steuerberatung, LeitnerLeitner Wirtschaftsprüfer Steuerberater and DELTA Gruppe provided legal and advisory support for the transaction. CBRE Austria acted as intermediary.