Asset Managers · Private equity

Empira sells Vienna property held via Luxembourg Raif

Empira sells Vienna property held via Luxembourg Raif

Swiss-based real estate investment manager Empira has sold a 16,000 square metre property project in Vienna for an undisclosed amount. The property had been held through a Luxembourg Reserved Alternative Investment Fund.

The Zug, Switzerland based firm had only bought the property two years ago. In a statement, Empira spoke about a “successful sale at attractive terms… exactly in line with the investment approach of this product”. 

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