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”.