The former head office of Volksbank Wien in Kolingasse in the 9th district is currently being sold. According to media reports, it is to go to a consortium of Irma Investments and Bundesimmobiliengesellschaft (BIG). According to immoflash.at, the two companies are said to have bid around 80 million euros, with a minimum bid of 60 million. At the location near Ringstrasse, a hotel project is being negotiated.

Now it has also been officially confirmed: The building in Kolingasse 14-16 in Vienna's 9th district, which will be used by Volksbank Wien as its headquarters until the end of 2019, was sold to the Bundesimmobiliengesellschaft or its commercial subsidiary ARE and IRMA Investments GmbH , a company owned by Immovate co-owner Martin Kurschel. The two companies founded Kolingasse 16 Beteiligungsverwaltung GmbH, in which IRMA holds 51 percent, and ARE 49 percent.

The seller of the property with around 13,500 m² of floor space is 3V-Immobilien-Errichtungs-GmbH, a subsidiary of Volksbank. The modern office building dates back to 2010. Volksbank Vienna will move out at the end of 2019, and the property will be handed over in early 2020. "The buyer will have every freedom of design from 2020," said Georg Fichtinger, Head of Investment Properties CBRE, who will be responsible for Deal in a two-stage bidding process. In conversation should be a use as a hotel.

 

The interest in the centrally located property was very large, says Fichtinger. "Objects like those in Kolingasse 14-16 are sought after by both domestic and international investors and are not in the market for long, and demand is currently higher than the supply of interesting investment properties." Fichtinger expects some interesting degrees by the end of the year. Nevertheless, the investment level at the end of the year will be below that of 2017, according to the investment expert.

From the end of 2019 Bank will occupy 14,000 m² in the CA property in Haidingergasse in the 3rd district

It is the largest office letting in Vienna so far this year: Volksbank Wien signed a lease for 14,000 sqm of office space in the existing building of CA Immo in Dietrichgasse / Haidingergasse (3rd district) - the former head office of Post AG. The move will take place at the end of 2019, CA Immo announced on Tuesday via mail. The existing building in the Lände 3 district has around 50,000 m² of rental space and 1,450 parking spaces. Currently, the Vienna Tourist Office and the main association of Austrian social security institutions are rented in the building.

95 per cent rented

With Volksbank Wien as a long-term tenant, the building is about 95 per cent leased, according to the report. Nearby, CA Immo recently completed the Vie office building, which still has many vacant lots. In addition, the Group has set up around 500 residential units in addition to the Vie together with JP Immobilien.

The property in Haidingergasse has been owned by CA Immo since 2004 and was initially used by Siemens until 2010. After the move from Siemens to the new headquarters, the areas were revitalized; From 2011 to 2017, the post office was anchor tenant of the building.

(Source: derstandard.at, red)