The Kärntner Strasse 11 property is located on one of the principal shopping streets in Vienna’s first district. The distinctive corner location makes the property an unmistakeable feature of the old town, and it is ideal as a premier site for international brands.
The building will be renovated in compliance with the listed-building regulations, and redesigned for rental. The refurbishment of the next door Kärntner Strasse 9 property by SIGNA RECAP Development Fund I, to incorporate another flagship store, adds further long-term value to the location. These two properties, together with the newly built Peek & Cloppenburg store nearby, will further enhance the overall value of Kärntner Strasse, following on from the remodelling of this part of the pedestrian zone in 2009.
© Franz Brück