Erste Group Sells Property

Professional ServicesReal Estate ♦ Published: April 13, 2012; 13:38 ♦ (Vindobona)

The Austrian banking group shifts its headquarters to the new Vienna main station in three years. The property sales are essential due to equity restrictions by EBA.

Erste Group Sells Property / Picture: © Erste Group / Helmut Lackner

At the moment, Erste Group´s headquarters is located in the first district of Vienna. In three years, the banking group moves to the currently built business tower near the Vienna main station. Erste Group plans to concentrate its 20 segments at one location.

The sale is to the equity restrictions by EBA (European Banking Authority). European Banks are obliged to have a 9.0%…

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