ARE Austrian Real Estate has acquired the InnoPlaza office property in Vienna from BNP Paribas REIM Germany acting on behalf of its NEIF II fund The value of the deal was not disclosed by the two parties but is said to be around the €70 million mark. Built in 2019, the LEED Platinum certified office complex is located on Lehrbachgasse, in the Wienerberg business district, and offers 18,200 metres squarred of Class A office space. Currently leased to several large companies and two public sectgor tenants, the property has an average remaining lease term of nearly seven years.
Source: Property EU on the 28th of april 2023