A 50/50 joint venture between privately-held fund manager Europa Capital and listed property group Immofinanz has finalised the sale of OCG2, the second and final phase of its Office Campus Gasometer development in Vienna, for around EUR 75 mln. The buyer is Bank Austria Real Invest.

The closing follows the signing of a preliminary agreement in June.

The 28,400-m2 complex is leased to a number of national and international companies including Nokia Siemens Networks, Fujitsu, LG Electronics, Wiener Wohnen, ILS Consult, and Merz. It also has 436 parking spaces and underground storage facilities. The asset is 50%-owned by the Europa Fund.

Europa Capital is a real estate fund management company and part of The Rockefeller Group. Immofinanz, with a portfolio of EUR 8.5 bn, is active in Austria, Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Russia.