S IMMO AG announces successful sale of two office properties in Vienna

S IMMO AG, a leading real estate company, has confirmed the successful sale of two office properties in Vienna, further advancing its prudent investment strategy and ongoing portfolio optimization. The properties, located in key areas of Vienna, were sold to an Austrian investor, marking another step in the company’s effort to streamline its holdings and focus on more strategically advantageous assets.

Both office buildings are situated in close proximity to the Vienna West railway station (Westbahnhof), a major transportation hub in the city, making them prime real estate locations. The first property, located on Mariahilfer Straße, boasts a gross leasable area of approximately 4,300 square meters. This location, known for its bustling retail and commercial activity, offers excellent access to public transportation and is a desirable area for businesses seeking high footfall.

The second property is situated on Gasgasse, in Vienna’s 15th district, and covers a total gross leasable area of around 7,500 square meters. Like the Mariahilfer Straße property, it is near Westbahnhof, further enhancing its accessibility and appeal. Both buildings are nearly fully leased, a testament to their ongoing attractiveness and the strong demand for office spaces in these prime areas.

Tomáš Salajka, a member of S IMMO’s Management Board, expressed satisfaction with the sales, stating: “These sales are in line with our ongoing portfolio optimization strategy. By divesting smaller and medium-sized office properties with limited development potential, we are creating the foundation for future growth and profitability. The proceeds from these transactions will support our strategic objectives and help us focus on higher-growth opportunities.”

The decision to streamline the portfolio reflects S IMMO’s shift towards focusing on higher-value assets with greater long-term development potential. The company aims to optimize its real estate portfolio to better align with its financial goals and the evolving market conditions. This strategic adjustment is part of S IMMO’s broader effort to enhance shareholder value and secure a strong market position in the future.

The successful sales of these office properties come at a time when demand for high-quality office space in Vienna remains robust, driven by the city’s strategic location in Central Europe and its reputation as a major business and financial hub. By focusing on properties with greater growth potential, S IMMO aims to strengthen its presence in key markets and maximize returns for its investors.

As S IMMO continues to adapt to shifting market trends, the company remains committed to delivering sustainable growth through strategic portfolio management and targeted investments in high-potential properties across Europe. The recent sales in Vienna are a key milestone in this journey and a positive indicator of the company’s ongoing success in the real estate market.