2022 Real Estate Top 150 ranking: 127
Prime asset offers 10,200 square meters of retail and restaurant space
With the acquisition of “Taborland” retail park in Steyr, Austria, KGAL Group is once again expanding its real estate portfolio in Austria. The property will be the subject to an open-ended Austria real estate special fund.
You can now read the full press release at the link below
Independent investment and asset manager KGAL is pleased to announce the acquisition of the ‘ViE’ office building in the Austrian capital with a total rental area of 14,100 square metres for one of its property funds. The seller is CA Immobilien Anlagen AG. The building in a central location in Vienna is fully let with renowned tenants. With this acquisition, KGAL is taking advantage of the attractive environment in the European office property market to make a high-quality purchase.
KGAL ESPF 5 has successfully entered the promising Czech market with the purchase of the 50-megawatt solar project “PVPP Saxonie” near the northern Bohemian city of Most. With Sev.en Inntech and Micronix, KGAL has two experienced partners at its side for the realisation of the solar park. This is the eleventh transaction for ESPF 5, in its sixth European country. The final closing of this Article 9 impact fund will take place in October 2024.
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The independent investment and asset manager KGAL has acquired the “PLATINUM” office building in Wiesbaden, developed by Frankfurt-based project developer OFB, with around 5,300 square meters of rental space for one of its institutional real estate funds.
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