VIENNA, 3 February 2014 – CBRE Global Investors, the leading global real estate investment management company with $87.6 billion assets under management, is pleased to announce the successful sale of the Shopping Center 17 retail park located in Brunn am Gebirge, Vienna, Austria for c. EUR 22,000,000. The buyer of the property was an international private real estate investor represented by Eckert Fries Prokopp Attorneys-at-law, Ltd.
The Shopping Center 17 retail park is located in the affluent southern suburbs of Vienna and is part of one of the most well renowned and successful retail destinations in Austria – Shopping City Sud (SCS).
The retail park comprises approximately 13,800 m2 of high-quality retail space. The main tenants of the building are Mega Zoo, Zielpunkt, Kik, Takko, Shoe4You, DM and McDonald’s. In 2013 Shopping Center 17 was named as one of the top-three retail parks in Austria.
Commenting on the transaction, Martin Sabelko, Country Manager CEE, CBRE Global Investors said: “In 2012 CBRE Global Investors decided to focus its investment activity in Central Europe on Czech, Polish, Slovak and Hungarian markets and the sale of Shopping Center 17 located in Austria was part of our long-term strategy. We are very pleased with the sale of the property to a reputable long-term investor.”
Doralt Seist Csoklich and EHL Immobilien advised CBRE Global Investors on the transaction.
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About CBRE Global Investors
CBRE Global Investors is a global real estate investment management firm with $87.6 billion in assets under management* as of September 30, 2013. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBG), and harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services company for the benefit of its investors. CBRE has more than 34,000 employees (excluding affiliates) in more than 300 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com
*Assets under management (AUM) refers to fair market value of real estate-related assets with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice, and which generally consist of properties and real estate-related loans; securities portfolios; and investments in operating companies, joint ventures and in private real estate funds under its fund of funds program. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real estate market, and its calculation of AUM may differ from the calculations of other asset managers.