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

BusinessInvesting in Austria ♦ Published: December 16, 2015; 12:00 ♦ (Vindobona)

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…