Union Investment completes €36 million Retail Park Purchase

After two years of restraint on the real estate investment markets, this is Union Investment’s second purchase within a short period of time. At the beginning of November 2025, the Hamburg-based asset and investment manager acquired a logistics property in France. Further acquisitions are planned for this year.

The property was originally built in 1996 as a DIY store. In 2016, it underwent extensive restructuring as a retail park and was expanded by around 3,000 sqm. The asset comprises a lettable area of nearly 11,000 sqm and is currently fully let. The anchor tenants are TK Maxx, Intersport, Lidl and dm.

Felix Brandt, Investment Manager Retail at Union Investment, says: “The grocery-anchored retail park in Stadlau ideally meets our investment criteria: the dominant retail agglomeration is located in a dynamically growing district with great development potential. The urban development projects that have been completed and are planned, as well as the direct connection via a new footbridge and cycle path bridge from 2026, underline the attractiveness of the location and offer sustainable opportunities for value appreciation.”

Union Investment was advised by Schönherr Rechtsanwälte, TPA and EHL, among others, Nextensa by Saxinger Rechtsanwälte and EY.