Topping-out ceremony for UBM's major development project Quartier Belvedere Central

(Vienna, 23 June 2017) Quartier Belvedere Central (QBC) is growing. With the topping-out ceremony and full occupancy of the office developments QBC 3 and QBC 4, UBM enters the final stage.

Only a year after construction of the office buildings QBC 3 and QBC 4 in Quartier Belvedere Central began, a ceremony has been held to celebrate the beginning of the final construction stage. Both developments have reached full occupancy, with over 90%, and completion is scheduled by end of 2017.

'With its campus-style structure and sophisticated mixed use, the QBC is setting new standards for future urban construction. Due to their perfect location and infrastructure, we were able to sell both properties well before completion', says Claus Stadler, Board Member of UBM Development AG.

A vibrant, diverse city quarter

With the topping-out ceremony for QBC 3 and 4, half of the QBC construction sites have reached the final stage. The AccorHotels Group opened the new 3-star ibis hotel already in June 2017 in QBC 5, the 4-star hotel NOVOTEL opening will follow in July. In December 2017, Autobank, the financial service provider Schwabe, Ley & Greiner, TIPCO Treasury & Technology, VMG Versicherungsmakler, VTG Rail Europe and Your Office will be moving into their new, top-modern offices in QBC 3. Cohens Smartfood will be opening its second restaurant in Vienna on the ground floor. In early 2018, BDO will move its headquarters from the first district to its new office building QBC 4. WKO Inhouse GmbH will also be moving to the new office complex.

Platinum certification and top infrastructure

QBC provides plenty of feel-good space. A special highlight of the two eight-floor buildings are the roof terraces with a view overlooking Vienna, accessible to all tenants. Both construction projects were platinum pre-certified by DGNB (German Sustainable Building Council) and ÖGNI (Austrian Sustainable Building Council) in October 2015 for their sustainable real estate development. The connection to the Central Station is ideal and only a few steps away. Construction is being carried out by PORR Bau GmbH, which was awarded the general contractor services contract.

High-carat guests at QBC

On Thursday, STRAUSS & PARTNER Development, the Austrian subsidiary of UBM Development AG, PORR, BDO, and S IMMO AG invited guests to the topping-out ceremony in QBC at Vienna Central Station. Attended by roughly 200 guests, the event included some high-profile dignitaries such as UBM Board Member Claus Stadler, Karl-Heinz Strauss (CEO of PORR), Josef Kaindl (Deputy District Director of Vienna's 10 district), Bernd Himmler (Head of Project Development S IMMO AG) and Peter Bartos (Managing Director and Partner of BDO).

Image rights:

Image 1: f.l.t.r. Bernd Himmler (Head of Project Development S IMMO AG), Clarissa Leher (Head of Project Development QBC), Ernst Gassner (Head of Project Development QBC und Managing Director of Strauss & Partner Development), Peter Bartos (Managing Director and Partner of BDO), Josef Kaindl (Deputy District Director of Vienna's 10 district), Alexandra Brandauer (Head of Project Development QBC 3) und Karl-Heinz Strauss (CEO of PORR) © Philipp Lipiarski

Image 2: External visualisation QBC 3 (office) © ZOOM VP.AT

Image 3: External visualisation QBC 4 (office) © ZOOM VP.AT

If copyrights are indicated, the images may be used free of charge for press purposes.

STRAUSS & PARTNER Development GmbH, the Austrian subsidiary of UBM Development AG, stands for expertise in developing, building, financing and selling real property. As a committed project developer, STRAUSS & PARTNER bundles its real estate know-how to leverage its competencies - from the project idea to its implementation - at all stages of the value chain.

UBM Development AG is the leading hotel developer in Europe. The strategic focus is on the three clearly defined asset classes - hotels, offices and residential buildings - and the three core markets Germany, Austria and Poland. With 144 years of experience under its belt, UBM focuses on its core competency: the development of real estate. UBM shares have been traded in the prime market segment of the Vienna Stock Exchange since August 2016.

PORR AG

With over 16,000 employees on its payroll and a production output of roughly EUR 3.9 billion in 2016, PORR currently ranks among Austria's biggest building contractors and is a leading infrastructure specialist in Europe. As full-service provider, the corporation covers the entire gamut of modern construction industry, from structural engineering to complex projects in railway, bridge, tunnel and road construction. As one of the first quoted Austrian companies, PORR AG has been listed on the Vienna Stock Exchange since April 1869 and now trades in the prime market segment.

BDO

As your local partner in the global BDO network, we will find individual solutions for you quickly and efficiently, in the areas of audit & assurance, tax & accounting, advisory and consulting. You benefit from a dynamic company with a heritage that guarantees you a personal point of contact for all your questions. These contacts will be by your side with dedication and are responsible for coordination of our experts. Both in Austria and worldwide in more than 158 countries.

S IMMO AG

S IMMO AG is a listed real estate investment company headquartered in Vienna. The company invests exclusively in the European Union, focusing on Austria, Germany, and the CEE. The S IMMO real estate portfolio is comprised mainly of offices, shopping centres and hotels, and a supplementary part is made up of residential properties. S IMMO stands for a high-yielding and high-cashflow portfolio and for profitable growth. The company's strategic core shareholders are Erste Group Bank AG and Vienna Insurance Group.

For inquiries please contact:

Milena Ioveva

Head of Investor Relations &

Corporate Communications

UBM Development AG

Tel: +43 50 626-1763

E-mail: public.relations@ubm.at

Press Release 23.06.2017

UBM Realitätenentwicklung AG published this content on 23 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 June 2017 08:59:09 UTC.

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