Fabasoft AG Acquires Office Building in Linz

Fabasoft AG has strengthened its presence in Linz by acquiring an office building located at Honauerstrasse 2 and 4. This move consolidates the company's existing offices in the area. The transaction was executed through Hon24 Immobilien GmbH, a newly established project company entirely owned by Fabasoft AG. The purchase agreement, finalized on 30 October 2024, totals EUR 15 million.

A significant portion of the acquisition cost, EUR 12 million, will be financed independently by the project company. Fabasoft AG has pledged a subsidy of EUR 4 million to cover the remaining balance and the associated fees, such as the land transfer tax and court registration.

The formal registration of the purchase in the land registry is expected to proceed swiftly. This strategic acquisition highlights Fabasoft's commitment to bolstering its real estate footprint in Linz.