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