WIEN MITTE – The Mall is the largest and most modern shopping center in the heart of Vienna, featuring a shopping area of 30,000 m², and 62,000 m² office towers in a prime location.
- Engaged as operating partner for the asset since 2015.
- Successful implementation of value-enhancing activities including refurbishment and improvement of office courtyard, amenities (green areas) and entrances, as well as DGNB certification
- Lease-up of 12% vacant office space.
- Enhancement of the retail offer by reconfiguring the retail mall, creating additional shop space, kiosks and advertising space.
- Tenant remixing and rotation to complement the new core positioning of the asset in Vienna’s city centre.
- Strong management in connection with realizing the detected underrent in the asset let to strong rental growth an delivering superior cash-on-cash return to the investors.
- In 2022 Wien Mitte was the first shopping center in Austria to achieve the DGNB Platinum certification.
Location
Vienna, Austria
Sector
Retail | Office
GLA
95,000m²
Footfall
~15.5M
Engagement
Asset Management
Leasing Management
Property Management
Facility Management
