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Austrian investor group takes over sought-after Alt Erlaa center!
On October 10, 2025, the Center Alt Erlaa retail park was sold to an Austrian investor group, brokered by EHL.
Austrian investor group takes over sought-after Alt Erlaa center!
In Vienna-Liesing, another step in the real estate sector has caused a stir: the LLB's open public fund has sold the Center Alt Erlaa retail park. The buyer is an Austrian investor group, which underlines the attractiveness of the location-friendly property. The transaction was ultimately brokered by EHL Investment Consulting GmbH, which is one of the best-known real estate groups. The retail park itself is located at Anton-Baumgartner-Straße 40 and is known for its above-average purchasing power and high frequency.
What makes the location so special? The excellent visibility and easy accessibility - whether by subway (line U6), bus or car - make the Center Alt Erlaa one of the most sought-after shopping addresses in the south of the city. Right next to the shopping center is the Alt Erlaa residential park with around 9,000 residents, which creates a solid customer base. There are also numerous newly built residential complexes all around, which also ensure high customer frequency.
Modernization and industry mix
The Center Alt Erlaa was built in 1998 and has undergone several changes since then. In 2009 it was converted into a modern shopping arcade, and the last major modernization took place in 2020. This not only included the renovation of the facade, but also the optimization of the parking areas and the renovation of the underground car park. The center currently offers a diverse mix of industries with 14 shops and an entertainment tenant, which has made it established as a popular local supplier in the district.
Under the new ownership, nothing is expected to change in the current use of the center, which will provide relaxation for regular customers. The Viennese like to play it safe, especially when shopping, and stability in the offers is a big advantage.
Economic aspects and trends
A look beyond current events shows how the real estate market in Vienna is generally changing. Mixed-use properties now have a market share of 17 percent, while the residential asset class is growing by 25 percent, indicating an alignment of supply and demand. Remarkable transactions last year, such as the sale of the Kärntnerringhof and the ÖBB headquarters at Vienna Central Station, illustrate the lively interest in this sector.
Institutional investors have a stronger influence in this market, claiming almost half of the market share. In terms of transaction volumes, most deals are between 50 million euros and above. But the Center Alt Erlaa in particular shows that smaller but important properties can also find their place in this highly competitive segment. After all, there is also talk of an increase in private investors who have made purchases for over 1.8 billion euros.
The takeover of Center Alt Erlaa is not only an exciting chapter in the history of the location, but also makes it clear how dynamic and diverse the Vienna real estate market is. Let's stay excited to see what further developments the future brings!