Millennium City is the “town center” of Vienna’s 20th district and destination for entertainment seekers across the city and beyond
- Joint acquisition with MSREI in 2014.
- In 2019-2020 in order to pay tribute to the increasing demand for experiences the entertainment part underwent a major refurbishment including interior design as well as reshaping of retail spaces and shopping center entrances.
- At the start of 2023, the redesign and refurbishment of the Wehlistraße passenger zone commenced, aimed at establishing a lively social gathering area featuring new paving, seating arrangements, and greenery.
- In 2023, Millennium City was one of a few shopping centers which achieve DGNB Platin certification, as well as the EU Taxonomy certification.
- Successful repositioning as neighbourhood & entertainment center with additionally services such as:
- primary care center
- urologist
- As a result of the successful refurbishment and bringing in additional services, Millennium City has become a resilient asset with increasing rents by +28% and sales by +26% (2024 vs. 2019).
Location
Vienna, Austria
Sector
Retail | Office | Hotel | Residential
GLA
97,600m²
Footfall
~13M
Engagement
Co-Investor
Asset Management
Development Management
Leasing Management
Property Management
Facility Management
Holding Period
2014 – Present