CBRE Global Investors has sold a retail park in Vienna to a private investor for around €22 mln.
CBRE Global Investors has sold a retail park in Vienna to a private investor for around €22 mln.
The buyer of the property was an international private real estate investor represented by law firm Eckert Fries Prokopp.
The Shopping Center 17 retail park is located in Brunn am Gebirge, an affluent suburb of Vienna, and is part of the Shopping City Sud (SCS) retail destination.
The park comprises some 13,800 m2 of retail space. The main tenants are Mega Zoo, Zielpunkt, Kik, Takko, Shoe4You, DM and McDonald’s. In 2013 Shopping Center 17 was named as one of the top three retail parks in Austria.
Commenting on the transaction, Martin Sabelko, country manager for CEE at CBRE Global Investors, said: ‘In 2012 CBRE Global Investors decided to focus its investment activity in Central Europe on the Czech, Polish, Slovak and Hungarian markets and the sale of Shopping Center 17 located in Austria was part of our long-term strategy. We are very pleased with the sale of the property to a reputable long-term investor.’
Doralt Seist Csoklich and EHL Immobilien advised CBRE Global Investors on the transaction.
