Thursday, 15 January 2026
Union Investment has acquired the Gewerbepark Stadlau retail park in Vienna from Nextensa. The property is located in Donaustadt, Vienna’s 22nd district, one of the city’s established commercial areas. The transaction was completed for an open-ended special real estate fund managed by Union Investment, with the purchase price reported at around EUR 36 million.
The acquisition follows a period of subdued investment activity and represents Union Investment’s second purchase within a short timeframe. In November 2025, the Hamburg-based manager acquired a logistics property in France, and it has indicated that further acquisitions are planned in 2026.
“With this purchase, our retail real estate portfolio in Austria has increased to over 20 properties with a value of around €500 million. This makes Union Investment one of the leading asset and investment managers for retail properties in Austria. We are continuing to actively seek investment opportunities for the mandates we manage, preferably retail parks and food retail,” said Roman Müller, Head of Investment Management Retail at Union Investment.
Felix Brandt, Investment Manager Retail at Union Investment, added: “The grocery-anchored retail park in Stadlau 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 completed and are planned, as well as the direct connection via a new footbridge and cycle path bridge from 2026, underline the attractiveness of the location and offer sustainable opportunities for value appreciation.”
The property was originally developed in 1996 as a DIY store and was extensively reconfigured into a retail park in 2016, including an expansion of around 3,000 sq m. The asset currently provides close to 11,000 sq m of lettable space and is fully occupied. Anchor tenants include TK Maxx, Intersport, Lidl and dm.
Union Investment was advised on the transaction by Schönherr Rechtsanwälte, TPA and EHL, among others. Nextensa was advised by Saxinger Rechtsanwälte and EY.
