HIH Invest acquires fully let office building in Vienna

HIH Invest Real Estate has acquired an office and retail building in Vienna’s 2nd district on behalf of an institutional investor fund, further strengthening its presence in the Austrian market.

The seven-storey property, located at Aspernbrückengasse 2 near the border of Vienna’s 1st district, offers approximately 7,170 sqm of lettable space and is fully occupied. The majority of the space, around 6,500 sqm, is dedicated to office use, complemented by smaller allocations for catering, retail and storage. The asset also includes 61 underground parking spaces and bicycle parking facilities.

The building, originally constructed in 1993, has undergone extensive modernisation by the seller, a company affiliated with Thalhof Immobilien. Upgrades included façade refurbishment and a full renovation of the underground car park. The property has achieved DGNB Gold certification and is aligned with EU Taxonomy requirements, reflecting a significantly improved sustainability profile.

Further improvements are planned. These include modernisation of the foyer and entrance areas, as well as partial greening of the façade and roof. The building is already connected to district heating and has been fully upgraded to LED lighting. Green lease structures are expected to be introduced progressively across the tenant base.

Felix Meyen, Managing Director of HIH Invest, said the acquisition secures a “high-quality core asset with development potential” in a central location, highlighting the combination of flexible floorplates and relatively moderate rent levels as supportive of long-term income stability and potential value growth.

The asset benefits from close proximity to Vienna’s city centre and sits within an established commercial area that has seen increased development activity in recent years. According to Sebastian Pende, Head of HIH Invest’s Vienna branch, the city continues to offer stable fundamentals, supported by strong demand for centrally located modern office space and its resilience as a business hub.

Legal due diligence on the transaction was carried out by DORDA Rechtsanwälte, while Alpha & Partners Consulting advised on technical and ESG matters. Tax due diligence was undertaken by TPA Steuerberatung, and commercial due diligence was supported by EHL Investment Consulting. The seller received legal advice from Schönherr Rechtsanwälte, with the transaction facilitated by ZOECHLING RE.