Allianz has acquired a 49.5% share in the Fischapark shopping centre in Wiener Neustadet from SES Spar European Shopping Centers GmbH, they hold the remaining 50.5% share and is responsible for managing the shopping center.
Fischapark, located in Wiener Neustadt, is the regions largest shopping centre. It was first opened in 1996, originally comprising of 21,000m². After two construction stages completed in 2014 and 2015 respectively, Fischaparks new look €100m renovation was unveiled near the end of 2015, expanding the available rental space to approx. 46,000m² spread over 2 floors and comprising around 100 rental units. The anchor tenants are Interspar, Peek&Cloppenburg, C&A, Media Markt, H&M and Zara.
"We are already successfully working together with SES via a joint venture. As part of this venture, we currently hold shares in a total of 7 shopping centers in Austria, Italy and Slovenia", says Annette Kröger, CEO of Allianz Real Estate Germany. "In acquiring Fischapark, we are expanding our cooperation while simultaneously strengthening our retail portfolio in Austria."
