Austrian investor group acquires new center in Alt Erlaa!

Austrian investor group acquires new center in Alt Erlaa!

A big step for retail in Vienna: The Austrian investor group has taken over the Center Alt Erlaa retail park at Anton-Baumgartner-Straße 40, in the 23rd district. Loud leadersnet.at The transaction was brokered by EHL Investment Consulting GmbH. The center, which was built in 1998 and converted into a modern shopping arcade in 2009, offers an attractive shopping experience with a total of 14 shops and an entertainment provider.

In 2020, the retail park received an extensive update. The facade was renewed, the parking areas were optimized and the underground car park was renovated. The center can only benefit from stable customer frequency, as there are numerous new residential complexes in the area due to the adjacent Alt Erlaa residential park, which houses around 9,000 residents. The area is considered a shopping destination with a competitive industry mix that offers high-quality local amenities, making it particularly attractive for investors.

Retail parks as sustainable investments

Investors are keeping an eye on retail parks with local supply functions, particularly in regions with above-average purchasing power. The location in Vienna-Liesing is no exception. Loud it-boltwise.de The area is considered a good place for real estate investments, which is underlined by the connection to public transport such as the U6 and various bus lines, as well as the good accessibility by car.

In a city like Vienna, which has established itself as a real estate investment hotspot, it is important to keep an eye on the different districts. While the inner city is considered a safe haven for real estate, other districts, such as Meidling or Favoriten, show emerging potential and offer high returns. Long story short: Investors look closely and consider where they want to invest their money.

Vienna as a real estate location

Vienna not only impresses with its stable economic conditions, but also with its excellent infrastructure and high quality of life. Loud real estate-news24.com Not all districts are equally suitable for real estate investments, and many offer different return opportunities. The mix of traditional and modern lifestyle in the individual districts attracts both private buyers and investors.

Overall, the takeover of Center Alt Erlaa is a further building block in the development of an already lively and dynamic retail environment in Vienna. With many new residential projects nearby that promise consistently high customer footfall, it seems as if the retail park is well prepared for the future.