United Benefits Holding acquires City Tower Vienna for EURO REAL ESTATE from IMMOFINANZ

Euro Real Estate, a member company of the Wilhelm von Finck Group, has acquired the City Tower Vienna, one of the most prominent office properties in Vienna, from IMMOFINANZ. United Benefits Holding realized the acquisition through an individual mandate and will now support asset management as a local partner.

With a purchase price of more than €150 million ($162 million), the sale is the largest transaction in the office segment of Austria’s real estate market to date in 2024.

The tower has 24 upper and four underground floors with roughly 26,600 square meters (286,300 square feet) of usable space as well as 100 underground parking spaces. It is leased in its entirety to the Republic of Austria and houses the judiciary center in Wien Mitte. The transaction was brokered by EHL Investment Consulting.

The 87-meter (285-foot) complex comprises a high-rise tower with a rotated head structure and two partially elevated side buildings, each with a height of 28 met