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.
- Value accretive refurbishment of the Tower lobby, main plaza and food court and introduction of a new tenant mix and lease-up of c. 15% office vacancy in 2014-2016.
- Legal, technical and economical separation of the tower and the shopping center and subsequent sale of Millennium Tower in 2017 to Art Invest.
- In 2019-2020 refurbishment of Millennium City’s Entertainment Center as well as the shopping center entrances.
- Successful repositioning as Neighborhood & Entertainment Centre with a daily needs cluster anchored by Müller and new leisure concepts (E-Sports Arena, trampoline park, cinema refurbishment and more).
- Resilience during the pandemic and successful increase of average rent on leased areas by +17% and sales of +8% (2022 vs. 2019).
- In 2023 Millennium City achieved DGNB Platinum Certification.
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
