Global real estate adviser Cushman & Wakefield and Austrian agent Bareal Immobilientreuhand GmbH (BAR) have been exclusively mandated to sell Wien Mitte.Wien Mitte is the largest state-of-the-art shopping center and office complex in Vienna.
The 95,100 sq m centre, developed between 2007 and 2014, is located in the central business district at the top of Landstraßer Hauptstraße in the heart of an affluent catchment area.
Office space, a shopping mall and a substantial food court area are arranged around the Wien Mitte station, used by 150,000 daily commuters.
Key retail tenants include H&M, New Yorker, Media Markt and Muller, while the office accommodation is let to the Federal Ministry of Finance, Mondi Ag and the Vienna Tourist Board.
Cushman & Wakefield’s head of EMEA retail investment, Michael Rodda, said: “Wien Mitte offers a lively shopping environment and is an established social meeting point in Vienna. This mandate marks a new collaboration between Cushman & Wakefield and BAR.”
Offers of more than €500 million are expected from informed real estate experts for this prime asset.