November 15, 2025

Colliers Adds Laolao to Hochhaus Herrengasse Tenant Mix

On September 13, 2021, Colliers announced that it had brokered the opening of a second Laolao location in Vienna’s city center.

Laolao is a traditional Chinese restaurant that will open its new location in December 2021. According to Colliers it will occupy a 45 square meters space converted from a former Felber branch into a restaurant.

“Laolao is a positive example of a successful gastronomy concept despite the pandemic – we are very pleased that Laolao is now also coming to the city center,” commented Colliers Austria Head of Retail Tanja Tanczer. “The second location in Herrengasse is the ideal continuation to the first location on Mariahilfer Strasse. Vienna is becoming more and more cosmopolitan and therefore the creative concept of the Laolao owners fits wonderfully to this special location in the high-rise building Herrengasse 6-8.”

 

Get the memo – every week

Essential real estate market updates, straight to your inbox.

Crownd Estate Group Completes Out-of-Court Restructuring

Austrian developer of luxury real estate Crownd Estate Group has completed an out-of-court restructuring following 18 months of intensive negotiations with 25 Austrian financial institutions.

Investors Create New Joint Venture from Assets of European Outlet Mall Fund

A consortium of investors that includes APG have spun-off select designer outlet mall assets from the European Outlet Mall Fund into a newly formed pan-European joint venture.

Ibersol Acquires Former Quality Trend Hotel Zoo in Vienna

Spanish hotel group Ibersol has acquired a four-star hotel on Schonbrunner Schlossstrasse in Vienna.