Swiss Life: Acquisition in Austria
The Swiss Life REF (DE) European Real Estate Living and Working fund has acquired the Allianz Center in Vienna via a share deal. The seller is Raiffeisen Property Holding International.
The Allianz Center is a 12,000 sqm office property at Linzer Strasse 225 in Vienna's 14th district of Penzing. The eight-storey property was completed last year and is considered the most modern property in the submarket, according to Swiss Life Asset Managers. It includes a canteen, a training area and 206 parking spaces. The tenant is Allianz Elementar Versicherungs-AG. The property has been awarded the DGNB Gold (ÖGNI Gold) sustainability certificate and is well connected to Vienna city centre and the A1 Westautobahn.
Vienna convinces with an attractive long-term economic development and a low office space vacancy rate, comments Dr. Christine Bernhofer, CEO of Swiss Life KVG and COO of Swiss Life Asset Managers in Germany on the acquisition. (ah)
