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Bank Austria Sells Prominent Property "The Mall" to Morgan Stanley Consortium

Published: October 22, 2015; 18:42 · (FriedlNews)

UniCredit Bank Austria AG announces that the purchase agreement for the shopping centre The Mall at Wien Mitte was signed with Morgan Stanley Real Estate Investing (MSREI), pending approval by the antitrust authorities.

Bank Austria Sells Prominent Property "The Mall" to Morgan Stanley Consortium / Picture: © WIEN MITTE The Mall

UniCredit Bank Austria sells The Mall to a consortium led by Morgan Stanley Real Estate Investing (MSREI)

The transaction is expected to be finalised before the end of 2015 following the positive outcome of the antitrust review.

The parties have agreed not to disclose the details of the transaction or the purchase price.

About The Mall

With 30,000 square metres of retail space and 50 shops, WIEN MITTE The Mall is the largest shopping centre in downtown Vienna.

The building boasts a gross floor area of 150,000 square metres, offering 62,000 square metres of office space in addition to the retail space.

With footfall of over 100,000 people a day, the shopping centre is located at one of the busiest transport junctions in Vienna.