Doughty Hanson & Co Real Estate has sold the IZD Tower in Vienna to Matrix Property Fund Management for EUR 247m. The building is a 30-storey landmark, comprising 63,400 square metres of office space with 1,250 underground parking spaces, adjacent to the United Nations complex. It is the largest office tower by area in Vienna, located within Donau City, east of the city centre.
Fund has raised €1bn of its €1.1bn target and plans to hold a final close in Q1 2020
GP will take a minority stake, with the Reisenthel family as majority shareholders
Horizon expects to merge the two IT services providers to create a business with 300 developers
EQT deploys capital from its EQT VIII fund, which hit its €10.75bn hard-cap in 2018