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Union Investment has acquired the Gewerbepark Stadlau in Vienna. Seller is the listed real estate company Nextensa from Brussels. The retail park is located in Donaustadt, Vienna’s 22nd district, and is therefore within one of the city’s busiest commercial areas. The purchase was made for an open-ended special real estate fund managed by Union Investment. The purchase price is around EUR 36 million.

The retail destination MILLENNIUM City is expanding its brand offering with the addition of TK Maxx. The new store, opened on November 6, brings another international retailer to the urban mixed-use center and reinforces its position as a versatile hub for shopping and leisure in Vienna.