S IMMO: Arkade Meidling with excellent performance and new tenant
Successful year 2011 for the shopping centre.
Arkade Meidling looks back at a successful 2011, in which both sales and frequency were increased. Last year, a total of more than 5.6 million people visited the shopping centre in Vienna’s 12th district.
In 2004, Arkade Meidling was completed and successfully opened as S IMMO AG’s first development project in the retail segment. Since then, sales have risen continuously. Even in the seventh year of its existence, the shopping centre can report several areas of success: the shops registered an increase in sales of 2.3%, while frequency increased by 4.8% to more than 5.6 million people. Furthermore, the centre is consistently fully let.
In the office area above the shopping centre, 2012 is starting with a nice letting success: a contract was agreed with the city of Vienna for a total of approximately 4,000 m² of office and storage space. The lease term is ten years. Friedrich Wachernig, Member of S IMMO AG’s Management Board, said: “Arkade Meidling is a very satisfying property for us. On the one hand, it is nice to see that our shop tenants are also benefitting from the centre’s success. On the other hand, we are also particularly pleased to welcome the city of Vienna into our office space.”