The forward deal of the QBC 1 & 2 project to EPH European Property Holdings, which took place in 2019, has now been closed, as announced by the two sellers UBM and S Immo. This means that the last two parts of the urban development project Quartier Belvedere Central (QBC), directly at Vienna Central Station, have been completed, as they say. Overall, the sales price for QBC 1 & 2 and the underground car park is over EUR 230 million, of which over EUR 150 million is attributable to UBM and almost 80 million to S Immo.
The closing includes the office properties QBC 1 & 2 with a rentable area of 38,700 m2 and the underground car park with almost 680 parking spaces. “Despite two lockdowns, the project was completed without any delays,” emphasizes Thomas G. Winkler, CEO of UBM Development AG. S Immo CEO Ernst Vejdovszky: “ With this sale – despite the difficult framework conditions – a successful project has been successfully completed.”
1. UBM #Development and S #Immo hand over the QBC 1 & 2 project to EPH #European #Property #Holdings; #Copyright ZOOM VP >> Open on photaq.com
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