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02.09.2008

Bank Austria Real Invest buys the UNO Shopping centre in Linz-Leonding

  • Purchase agreement signed, merger control process required under competition law still ongoing
  • A top 10 shopping centre becomes part of the portfolio held by Bank Austria Real Invest, one of the leading real estate managers in Austria and CEE, and new impetus is to be given to its successful development

Subject to approval by the competition authorities, Bank Austria Real Invest, the real estate fund specialist owned by Bank Austria, which is part of the UniCredit Group, is the new owner of the UNO Shopping centre in Linz-Leonding. Representatives of the Handlbauer family and Bank Austria Real Invest recently signed a purchase agreement to this effect. With a floor area of ca. 48,000 m² and ca. 1,900 parking spaces, the UNO Shopping centre ranks as one of Austria’s top 10 shopping centres. Currently, ca. 75 shops are renting premises in the UNO Shopping centre including top retailers such as Media Markt, C&A, Interspar, H&M, Lidl, Hervis, Shoe4you. The centre is located in the best position in the central area of Linz, which will be further improved by the completion of the Traun by-pass and the tram link to Linz.

The UNO Shopping centre is an investment by the real estate specialist Bank Austria Real Invest itself and is to be successfully developed as part of the Bank Austria Real Invest real estate network. Bank Austria Real Invest already has several shopping centres under management, some of which are part of its real estate funds and some of which are held in the bank’s own portfolio. It has been agreed that the purchase price will not be made public.

Enquiries: Bank Austria Press Office Austria
Tiemon Kiesenhofer, Tel. +43 (0)5 05 05 ext. 52819;
E-mail: tiemon.kiesenhofer@unicreditgroup.at

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