▷ UBM and JPI sell Kelsenstrasse project for over € 50 million

12.01.2022 – 07:01

UBM Development AG

Vienna, January 12th, 2022 (ots)

UBM Development and JPI have sold the property at Kelsenstrasse 5 & 7 in Vienna’s 3rd district for € 51.5 million. The buyer is a project company of Soulier Real Estate.

The property was originally intended to be developed into a hotel and office complex. Due to the corona, UBM has withdrawn from the development of hotel projects and the strategy green. smart. and more. realigned. The project company, a 50:50 joint venture between UBM and Dr. Jelitzka + Partner Gesellschaft für Immobilienberatung und -verwertung GmbH (JPI) has sold the project through a share deal. The transaction, like the sale of a project right next to the UBM headquarters to Buwog and a stake in a project in Muthgasse to the project partners Wiener Städtische and Signa, is part of a series of strategic divestments in Vienna.

“Here a good project was developed in an excellent partnership and, due to our change of strategy, has found a new owner,” summarizes Gerald Beck, Managing Director of UBM Development Austria, “in this way a successful win-win situation was created for everyone involved.”

UBM Development
develops real estate for Europe’s metropolises. The strategic focus is on green building and smart offices in large cities such as Vienna, Munich, Frankfurt or Prague. The gold rating from EcoVadis and the prime status from ISS ESG confirm the consistent focus on sustainability. With almost 150 years of experience, UBM offers all development services from planning to marketing from a single source. The shares are listed in the Prime Market of the Vienna Stock Exchange, the segment with the highest transparency requirements.

Press contact:

Karl adventures
Head of Corporate Communications
UBM Development AG
Mob.: +43 664 136 34 23
Email: [email protected]

Christoph Rainer
Head of Investor Relations
UBM Development AG
Mob.: +43 664 801873 200
Email: [email protected]

Original content by: UBM Development AG, transmitted by news aktuell


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