Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

For sale: Vienna's tallest building

Share this article

For sale: Vienna's tallest building
Photo: Donauturm Official
23:13 CET+01:00
A major landmark on Vienna's skyline is now for sale, as the tallest building in the city joins other important real-estate objects in a major property divestiture by the Real Estate Holding GmbH of the Bank Austria on Monday.

Bank Austria announced on Monday that it had decided that "it is not the core business of a bank to manage real estate", and would therefore be selling off its major assets in this area.

As part of the strategy, 80 properties will be sold, including a 95 percent stake in one of the most famous contemporary Viennese landmarks, the 252 metre high Donauturm (Danube Tower.)

Also to be sold will be the Garage Am Hof in the Wiener City, the Wien Mitte shopping complex, and the Schlosshotel Lebenberg in Kitzbühel.

How much do you charge to buy Austria's tallest building?  A tough question for real-estate valuers, although some industry experts say the entire portfolio is worth in excess of a billion euros - of which half would go to the Wien Mitte shopping complex, which has already been on sale since November.

An open bidding process has been launched, which will be offered to both domestic and foreign investors, and should be completed within six months.

The Donauturm, which maintains a revolving restaurant as well as bungee jumping and observation decks, has been a landmark in Vienna since its construction in April 1964.


Photo: APA

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

The Swedish university where students tackle real-world problems

Ranked among the world's best young universities in the QS Top 50 Under 50, Linköping University (LiU) uses innovative learning techniques that prepare its students to tackle the challenges of tomorrow.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement

Noticeboard

Advertisement