Bank Austria Real Invest takes over the ORBI Tower in Vienna TownTown

The ORBI Tower – „the New World of Work“ in TownTown, 1030 Vienna, has been handed over to the new owners
VIENNA, 29-Dec-2017 — /EuropaWire/ — Following the closing on 15 December 2017, the ORBI Tower in Vienna TownTown, which is uniquely innovative in concept and execution, has been successfully handed over to the new owner, Bank Austria Real Invest. The contracting parties have agreed not to disclose transaction details and the purchase price. Bank Austria Real Invest is managing the portfolio of Real Invest Austria, the largest domestic real estate fund with assets of around 3.5 billion euros. The ORBI Tower fits perfectly with the asset allocation of the fund, which consists of residential real estate as well as infrastructural and commercial real estate in Austria.
About the ORBI Tower – „the New World of Work“
With the ORBI Tower, IWS TownTown together with the development partners STC – Swiss Town Consult AG and Wiener Stadtwerke, has perfectly implemented the last possible construction project at one of the most interesting locations in Vienna. During construction of the 114 meters high ORBI Tower with 28 floors and a total area of 23,700 square meters, high importance was attached on sustainability in all areas. Therefore the ORBI Tower was awarded the ÖGNI certificate in platinum.
Enquiries: UniCredit Bank Austria Media Relations
Volker Moser, Tel. +43 (0) 5 05 05-52854;
E-Mail: volker.moser@unicreditgroup.at
SOURCE: UniCredit Bank Austria AG