București Real Estate Slider

QBC 3 sold for around EUR 30m to Union Investment

Office project QBC 3 sold for around EUR 30m to Union Investment in a forward deal. UBM Development AG and S IMMO AG have closed a forward deal already in the development phase for the third lot of Quartier Belvedere Central – QBC 3 – with Union Investment. Completion and handover is planned for autumn 2017.
UBM Development AG is developing together with S IMMO AG Quartier Belvedere Central (QBC) at Vienna Central Station. On a total of six construction lots, a new city quarter with a dynamic mix of offices, hotels and apartments is taking shape near the Viennese city centre. The office space of QBC 3 has now been sold by both partners to Union Investment in a forward share deal. The purchase price is based on a property value of around EUR 30m, with UBM’s stake valued at EUR 19.5m (65%). The turnkey purchase is subject to fulfilling the closing conditions typical for this type of property transaction and will take effect upon handover of the property in the course of the fourth quarter of 2017.
“The sale of QBC 3 can practically be seen as an early exit, as we only laid the foundation stone for the office building in June 2016”, says Michael Wurzinger, COO of UBM Development AG. “The recent sale reflects the quality of our development as well as the location selected for the project”. Ernst Vejdovszky, Chairman of the Board of S IMMO AG adds: “We are delighted to be able to report another success story on Quartier Belvedere Central. We are convinced that this site will be a source of great pleasure in future for us, as well as for Union Investment.” “The brand new, urban forms of living are adding value to the sites around central stations across Europe significantly”, says Philip La Pierre, Head of Investment Management Europe at Union Investment Real Estate GmbH. “This trend can also be seen in the current quarter development in Vienna. This is why we have proactively secured the first-class office building QBC 3.” After the handover, Union Investment will manage the property in its public real estate fund UniImmo: Global.
QBC 3 – an office development at the highest level
On an area of around 7,600 m², QBC 3 will offer its tenants office space that can be flexibly divided and is flooded with light, across a total of eight floors. The office development by the partners UBM and S IMMO provides an intelligent interior concept for a workplace with the best infrastructure and fittings. Retail space and restaurants are found on the ground floor of QBC 3. A special highlight of QBC 3 is the roof terrace on the eighth floor with views over Vienna, which will be accessible to all tenants. In this early phase, around 30% of the space has already been let out and a further 53% has been reserved. Tenants who have come on board include the Austrian subsidiary of the logistics service group VTG (VTG Austria Ges.m.b.H), the provider of office and conference facilities Your–Office Managed Business Services GmbH, and the independent insurance broker VMG. Sustainability is also a top priority for QBC 3 – the property was pre-certified in Platinum by DGNB and ÖGNI in October 2015.
Doralt Seist Csoklich served as a consultant for UBM Development AG and S IMMO AG. Union Investment was advised by Wolf Theiss.

Related posts

BearingPoint, creștere de două cifre

Ionut Oprea

Rețeaua de sănătate REGINA MARIA finalizează primul spital privat cu servicii integrate din Cluj

redactia

Join the largest Event Dedicated to the Romanian Business Services Sector, November 18th

Ionut Oprea

Cluj-Napoca: Metrou și tren metropolitan – licitație pentru studii de prefezabilitate/fezabiltate

Stefana Muresan

Radu Roatiș (ANSVSA): România are un statut de invidiat în zonă

Nicolae Pop

CTP atinge pragul de 5 milioane m2, la nivelul portofoliului internațional de proprietăți de clasa A

redactia

Narcis Neaga, generalul CNAIR, a demisionat. 12 directori în 12 ani

Ligia Voro

Andre Vivan da Silva, membru de Board FIC – soluții, priorități și direcții pentru România

redactia

Cum stimulăm tinerii să se implice în viața comunității lor?

Ligia Voro

MUREȘ: Citadela Residence. Fortăreața din mijlocul cetății. Un concept distinct

Ligia Voro

Winners celebrate at the 12th annual SEE Real Estate Awards

Ionut Oprea

BNP PRE România avansează cu închirierea imobilului Hexagon Offices

Papuc Irina

Belgian Week 2018: networking & new projects

Ionut Oprea

Rețeaua de sănătate REGINA MARIA: Investiții strategice în centrul țării

Ligia Voro

Pașii

Ligia Voro

Afacerile Grupului Teraplast au cresut cu 4% în T3

Stefana Muresan

Strategul de milioane al Clujului

Stefana Muresan

Competiția JA Compania Anului 2020 și-a desemnat afacerile pilot câștigătoare

Traian Dan

Noi invesții în sectorul rezidențial de lux: HAGAG DEVELOPMENT EUROPE ANUNȚĂ ÎNCĂ UN PROIECT REZIDENȚIAL DE TOP: H Eliade 9 Residence

Stefana Muresan

Reţeta profitului, la fabricile de medicamente din Mureş

Stefana Muresan

Liberty Technology Park – 2 ani

Transilvania Business

New cargo system at Amsterdam Airport

Transilvania Business

Comisia Europeană, încrezătoare în rezultatele summitului UE de la Sibiu

Stefana Muresan

Vibe Properties lansează Vibe Forward, un proiect rezidențial de amploare amplasat în principalul pol de business din București

Papuc Irina

Leave a Comment