CBRE Global Investors has sold the Shopping Center 17 retail park located in Brunn am Gebirge, Vienna, Austria for circa EUR22m.
The buyer of the property was an international private real estate investor represented by Eckert Fries Prokopp Attorneys-at-law.
The Shopping Center 17 retail park is located in the affluent southern suburbs of Vienna and is part of one of the most renowned retail destinations in Austria – Shopping City Sud (SCS).
The retail park comprises approximately 13,800 sq m of high-quality retail space. The main tenants of the building 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.
Martin Sabelko, country manager CEE, CBRE Global Investors, says: “In 2012 CBRE Global Investors decided to focus its investment activity in Central Europe on 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.