RALT Raiffeisen-Leasing Gesellschaft m.b.H. & Co. KG acquired 80% stake in Center Wien Mitte of UBM Development AG (WBAG:UBS) for ?30 million on June 27, 2024. A cash consideration of ?30 million will be paid by RALT Raiffeisen-Leasing Gesellschaft m.b.H. & Co. KG. As part of consideration, ?30 million is paid towards assets of Center Wien Mitte of UBM Development.

For the period ending December 31, 2023, Center Wien Mitte of UBM Development reported total revenue of approximately ?5 million.

RALT Raiffeisen-Leasing Gesellschaft m.b.H. & Co. KG completed the acquisition of 80% stake in Center Wien Mitte of UBM Development AG (WBAG:UBS) on June 27, 2024.