Real I.S. has acquired a commercial property in Austria for three German pension funds for EUR110m.
The asset manager said a special investment fund has bought the fully-let 25,000sqm commercial property, Wien Westbahnhof A3, in Vienna from the shareholders of Acron Wien West A3.
The mixed-use Wien Westbahnhof A3 commercial property comprises eight above-ground floors and a basement.
Jochen Schenk, the CEO of Real I.S., said: 鈥淭his club deal allows us, once again, to demonstrate our expertise in creating structured investment solutions for our institutional investors.
鈥淎s a key component of the Bahnhofcity Wien West rail station complex, this commercial property benefits from outstanding transport links. What鈥檚 more, the building鈥檚 multi-tenant structure is broadly diversified across three different asset classes.鈥�
