Westcore Europe has acquired the office and warehouse property, “U6 Center,” in Vienna from the closed-end real estate fund, Hanseatische Immobilienfonds Österreich IV. The fund has been managed by Apleona Fondsmanagement GmbH since 2013. The U6 Center is located in Lemböckgasse 49 in Vienna’s 23rd district, in the industrial area Liesing. This purchase successfully expands Westctore Europe’s portfolio in Vienna.

The U6 Center was built in 2000. On a 10,413-square-meter lot, the building has approximately 83 percent office and 17 percent warehouse, with a total leasable area of approximately 24,848 square meters. The current main tenant, The Bit Group, is the largest private education and qualification provider in Austria.

Westcore Europe purchased the property with advisement by Wolf Theiss (law), TPA (tax), and Colliers International (technology). The seller was advised by Otto Immobilien (real estate), PKHV Rechtsanwälte (law), and KPMG (tax).

Ingo Bischof, Sebastian Kann, and Daniel Barrington led the Westcore team in expanding its Austrian portfolio. “As a creative investor, we see great potential and have interesting plans for this property,” says Daniel Barrington.

Stefan Weishaupt, who legally structured the acquisition with Peter Oberlechner and Wolf Theiss, says, “There were some difficult hurdles to overcome, but we’re happy to see this transaction with Westcore over the finish line.”

Christoph Lukaschek, Head of Investment Otto Immobilien, says, “We’re pleased to have worked with Apleona on this sale and to have found the right buyer for this established office property with Westcore Europe.”