Otto Immobilien brokers sale of two Vienna apartment buildings from Generali portfolio

CBRE Group, Inc. Class A

CBRE Group, Inc. Class A

CBRE

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  • Otto Immobilien brokered the sale of two Vienna residential buildings from Generali’s portfolio in a co-exclusive mandate with CBRE.
  • The asset at Praterstrasse 66 was sold to an Austrian family office planning to hold the property long term.
  • Loewengasse 47a, the Palais des Beaux Arts, was acquired by a joint venture of two developers targeting a revitalization.
  • The transactions completed the placement of Generali’s broader Vienna residential portfolio.


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