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TIAA Henderson Real Estate sells office building, Höchstädtplatz 1-3, in Vienna, on behalf of Warburg-Henderson

Höchstädtplatz 1-3

TIAA Henderson Real Estate (TH Real Estate) has sold Höchstädtplatz 1-3, an office building in Vienna, to a private investor.

Höchstädtplatz 1-3 was built in the 1950s and was refurbished in the 1990s. It is located in the 20th district of Vienna, benefiting from a prime location in close proximity to public transport, main roads and Vienna airport. It comprises a lettable area of more than 13,000 sq m, comprising 7,450 sq m office space in addition to retail space of approx. 5,890 sq m. There are also 107 parking lots in the underground car parking.  

The asset, which was acquired on behalf of the Warburg - Henderson Österreich Fonds Nr. 1’s portfolio in 2005, was sold as part of the Fund’s planned disinvestment phase.  

Six properties remain in the Fund portfolio; these include two office properties, and four retail properties.  

EHL Immobilien acted on behalf of TH Real Estate. 

David Moese, Head of Investment, Austria at TH Real Estate commented: “This most recent sale moves us closer to the end goal of our disinvestment phase of Warburg - Henderson Österreich Fonds Nr. 1. Höchstädtplatz 1-3 is a quality asset, which is ideally situated in Vienna’s well-connected 20th district.” 


Disclaimer
Issued by Henderson Real Estate Asset Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Henderson Real Estate Asset Management Limited provides investment products and services. The value of investments and any income will fluctuate (this may be partly be the result of exchange rate fluctuation) and investors may not get back the full amount invested. Where opinions have been expressed, they are based on current market conditions and are subject to change without notice.

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