Union Investment has completed the sale of the QBC3 office building in Vienna to the Austrian-based ATL Immoinvest Group. The financial details of the transaction have not been disclosed. The property, located in Vienna’s Quartier Belvedere Central (QBC) near the main railway station, was acquired by Union Investment in 2016 as a development project for its UniImmo: Global open-ended real estate fund. Completed in 2017, QBC3 offers approximately 8,200 square meters of rental space across eight floors, with retail and restaurant units situated on the ground floor. It is one of six buildings that form part of the larger QBC development. Filip Rosa, Managing Director of ATL Immoinvest Group, stated: “The acquisition of QBC3 marks the beginning of our strategic expansion in the CEE real estate market. We aim to pursue further investments in prime locations with long-term potential.” Alejandro Obermeyer, Head of Investment Management DACH at Union Investment, noted: “Through active asset management, we have increased the value of QBC3 by approximately 25 percent over a nine-year holding period. We have now taken advantage of favorable market conditions to complete this sale through a structured process.” Legal and advisory services for the transaction were provided by Schönherr Rechtsanwälte, Vavrovsky Heine Marth Rechtsanwälte, TPA Steuerberatung, LeitnerLeitner Wirtschaftsprüfer Steuerberater, and DELTA Gruppe. CBRE Austria acted as the intermediary.