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Union Investment sells office centre in Linz to main tenant
Software company Fabasoft buys company headquarters
Union Investment has sold the Bruckner Office Centre in Linz. The acquisition was made via the newly founded project company Hon24 Immobilien GmbH, whose sole shareholder is Fabasoft AG. The building at Honauerstrasse 2-4 had been part of the portfolio of the open-ended real estate fund immofonds1, which is marketed exclusively in Austria, since 2015.
"The majority of transactions in the Austrian market take place in Vienna. The current sale is therefore an important signal that transactions can also be handled very successfully in markets such as Linz."
Alejandro Obermeyer, Head of Investment Management DACH at Union Investment
7 November 2024
The Bruckner Office Centre was completed in 2002 and comprises around 7,500 sqm of usable space. Around 84 per cent of this is office space and the rest is retail space. Fabasoft AG has been a tenant since the building was completed. The property benefits from its central location in Linz on the Donaulände and has excellent connections to the public transport network.
Union Investment received legal advice on the transaction from Schönherr Rechtsanwälte and tax advice from TPA.