Union Investment has sold an office building in Vienna's 7th district to Thalhof Immobilien GmbH. The company specialises in the acquisition and development of residential and office properties in Vienna's prime locations. The property at Schottenfeldgasse 29 has been part of the portfolio of immofonds 1, an open-ended real estate fund distributed exclusively in Austria, since 2013. The parties have agreed not to disclose the purchase price.
Source: press release sent on the 7th of March, 2024