Union Investment completes sale of Bruckner Office Centre in Linz to Fabasoft AG

Union Investment has finalized the sale of the Bruckner Office Centre in Linz to software company Fabasoft AG. The acquisition was made through Hon24 Immobilien GmbH, a newly established project company solely owned by Fabasoft AG. This transaction shifts ownership of the property located at Honauerstrasse 2-4, which had been part of the immofonds1 real estate fund’s portfolio since 2015. The sale represents a strategic milestone in Austria’s real estate market, emphasizing Linz’s potential as a viable location outside of Vienna for significant commercial transactions.

Alejandro Obermeyer, Head of Investment Management DACH at Union Investment, highlighted the importance of this transaction, noting that while Vienna typically dominates the Austrian real estate market, the successful sale of this office complex demonstrates the value and opportunity available in regional hubs like Linz.

Constructed in 2002, the Bruckner Office Centre offers approximately 7,500 square meters of leasable area, with about 84% designated for office use and the remainder for retail. Its central location along the Donaulände and excellent access to public transport make it a prime asset in Linz. Fabasoft AG, a long-standing tenant since the building’s opening, is now set to further establish its presence by making the center its official headquarters.

Union Investment was advised by Schönherr Rechtsanwälte on legal matters and TPA for tax consultancy, ensuring a smooth transaction. This sale underscores the continued interest and investment in Austria’s commercial real estate sector, broadening focus beyond the capital to regional growth opportunities.