_KFIM acquires Vienna office building on behalf of Korean Investors
The investment has been acquired on behalf of a consortium of Korean institutional investors.
Ian Whittock, CIO at KFIM, commented: “This is our first acquisition in Continental Europe on behalf of our Korean clients. The long lease combines with rental indexation and an innovative acquisition structure provides our clients with strong future performance potential.
From a business perspective, the transaction not only continues our recent momentum in working with new Korean clients (five transactions completed in the past six months) but also demonstrates our ability to assist in delivering their investment aspirations on the continent. We expect this to be the first of many similar transactions, focussing primarily on the office and logistic sectors across Western and Central Europe.
We are currently engaged on a number of other projects, in both the UK and the Continent, on behalf of a variety of other Korean investors, and continue to seek new opportunities to meet their investment targets”.
Alex Braithwaite (KFIM) managed the transaction supported by Knight Frank Korea and Rock Capital, the latter being the introducing agents.
Colliers represented the vendor.
Deutsche Pfandbriefbank AG provided the debt.
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