UBM Development AG, together with its subsidiaries, engages in the development, management, and sale of real estate properties in Germany, Austria, Poland, and internationally. The company's property portfolio comprises residential, office, hotel, and other properties. It also engages in the hotel leasing business. The company was formerly known as UBM Realitätenentwicklung Aktiengesellschaft and changed its name to UBM Development AG in May 2015. UBM Development AG was founded in 1873 and is based in Vienna, Austria.