The shopping center with well-known chain tenants in the suburbs of Vienna.
Description
The retail park with a total leasable area of about 4,000 m².
The reconstruction of the center is currently being completed. The opening is scheduled for autumn 2020.
Deal structure: Share Deal.
The annual income is 357,000 €.
The yield is 5.3%.
The property is fully let. Long-term lease agreements were concluded with renewal options and the impossibility of termination in the next 7 years.
Tenants:
- chain of textile discounters
- German chain of non-food discounters
- international retail discounter with 1,500 branches
- large European retail chain of beds
- federal Austrian chain of butchers
The property is located in the suburbs of Vienna, along the federal highway connecting Vienna and other major cities.
Vienna is the capital of Austria with population of over 1,800,000 people.
Vienna is the 3d city-residence of the United Nations after New York and Geneva. There are the headquarters of such international organizations as OPEC and the OSCE here. Vienna several years in a row takes the 1st place in the world for quality of life.
Public transport is well developed in Vienna, a chain of autobahns and railways connects Vienna with other cities in Austria and Europe. Schwechat International Airport is the largest in Central Europe, with more than 60 airlines from around the world registered, annually serving more than 14 million passengers.
