Union Investment acquires retail park in Vienna from Nextensa

After two years of restraint on the real estate investment markets, this is Union Investment's second acquisition within a short period of time. At the beginning of November 2025, the Hamburg-based asset and investment manager acquired a logistics property in France. More acquisitions are planned again this year.

"The acquisition brings the real estate assets under management in the Austrian retail sector to more than 20 properties with a value of around EUR 500 million, making Union Investment the leading asset and investment manager for retail real estate in Austria. We continue to actively look for entry opportunities for the mandates we manage, preferably in the food retail and retail parks segment," says Roman Müller, Head of Investment Management Retail at Union Investment.

"The food-anchored retail park ideally meets our investment criteria: The dominant retail agglomeration is located in a dynamically growing district with great development potential. The urban development projects that have been implemented and planned, as well as the direct connection through a new pedestrian and cycle bridge from 2026, underline the attractiveness of the location and offer sustainable opportunities for value appreciation," adds Felix Brandt, Investment Manager Retail at Union Investment.

The business park was built in 1996 as a DIY store. In 2016, a comprehensive restructuring took place as a retail park and expansion by around 3,000 m². The business park has a lettable area of 10,978 m² and is currently fully let. Anchor tenants are TK Maxx, Intersport, Lidl and dm.

Union Investment was advised by Schönherr Rechtsanwälte, TPA, and EHL, among others, and Nextensa by Saxinger Rechtsanwälte and EY.