Redevco Central Europe has announced the acquisition of the second phase of the Seyringer Spitz retail warehouse park in the north of Vienna from Austrian developer MID. The purchase price for the second phase, totalling 3,345 m2, was EUR 6.6 mln.
Redevco Central Europe has announced the acquisition of the second phase of the Seyringer Spitz retail warehouse park in the north of Vienna from Austrian developer MID. The purchase price for the second phase, totalling 3,345 m2, was EUR 6.6 mln.
Following the acquisition, Redevco owns the entire 9,000-m2 retail warehouse park. The property is fully let and new tenants include C&A, Müller Drogerie, Bonita boutique, Jello shoes and Lavazza Café.
The opening ceremony was held at the end of September 2008, six weeks ahead of schedule. 'The expansion of this major retail scheme in this densely populated part of the Austrian capital is yet another step in Redevco Central Europe's successful strategy of "investing where people shop",' said Jörg Bitzer, managing director of Redevco Central Europe.
Redevco Central Europe was recently awarded the IPD EuroProperty award for the best specialist fund in Austria over the past three years (2005-2007).
