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CBRE GI sells Shopping Center 17 in Vienna

CBRE Global Investors has announced the successful sale of the Shopping Center 17 retail park located in Brunn am Gebirge, Vienna, Austria for around €22,000,000. The buyer of the property was an international private real estate investor represented by Eckert Fries Prokopp Attorneys-at-law, Ltd.

Shopping Center 17 is located in the affluent southern suburbs of Vienna and is part of one of the most well renowned and successful retail destinations in Austria – Shopping City Sud (SCS).

The retail park comprises around 13,800 sqm 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.

Commenting on the transaction, Martin Sabelko, Country Manager CEE, CBRE Global Investors said: “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.

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