Located in the southeast of Graz, Center West is a well-positioned shopping center, one of the oldest and best known in that part of Austria.
- Successful implementation of major refurbishment works in 2013, including the façade, mall and a face-lift of the outside areas.
- Positioning of the asset as family and leisure centre, bringing in a new tenant mix. Constantly increasing the entertainment offer.
- After project completion CC Real sold its stake to the existing owners in 2015 but continued to act in its role as investment and asset manager and providing property/centre, development and leasing management services.
- Since then, a 5,000m² centre extension was completed in 2019 bringing in a new trampoline/inflatable park and a Intersport flagship acting as THE sports destination in Graz.
- Due to its convenience, sports and family-oriented offer, Center West was able to thrive during the covid-19 pandemic. Footfall remained constant during the 2-year pandemic period and tenants reported higher sales.
- The centre is located at a transport hub and offers the latest charging technology. As the top 2 Tesla location in Austria, 16 super charging stations are available. The charging offer comprises a total of 24 stations, 2 of which are also free of charge. A further expansion with 8 Ionity stations will take place at the end of 2025.
- Latest highlight: the opening of a Müller drugstore in 2023 and the opening of an Adler fashion store in 2024, which further enhancing the daily needs offering of the asset.
Location
Graz, Austria
Sector
Retail
GLA
61,600m²
Footfall
~4.4M
Engagement
Co-Investor
Investment Management
Asset Management
Leasing Management
Development Management