Biggest Viennese Real Estate Deal Ever - Sale of The Mall Closed

Published: December 16, 2015; 12:00 · (FriedlNews)

Bank Austria - via its subsidiary BAI - closed the sale of "The Mall", the largest and most modern shopping mall in the heart of Vienna. The buyer is a consortium led by Morgan Stanley Real Estate Investing (MSREI). UniCredit Bank Austria did not disclose the price, but claims that the transaction is Vienna's largest real estate deal ever.

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

UniCredit Bank Austria AG announced that the sale of the shopping centre The Mall at Wien Mitte to Morgan Stanley Real Estate Investing (MSREI), has been approved by the antitrust authorities.

The deal was already signed on 22 October 2015th.

Now, after approval by the antitrust authorities, the transaction has been closed.

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

With 30,000 square metres of retail space and 50 shops, 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 a frequency of nearly 200,000 people per day, the shopping mall is located on one of the busiest transport hubs in Vienna.