AEW, the global real estate investment manager,announces the acquisition of a prime new logistics property in Vienna, Austria. The high quality cross dock facility was acquired on behalf of a German separate account investor.
The property is fully let to DHL, the world’s leading logistics provider, on an 18 year lease (with first break at 10 years) and subleased to Österreichische Post as part of the strategic partnership between the two companies. Constructed in 2019, the asset comprises 11,600 sqm of lettable area as well as c. 40,000 sqm of outside space. AEW will seek a BREEAM Very Good energy certification for the building as part of its asset management plan.
The facility is situated in the Hagenbrunn submarket of Vienna, with direct connections to the A5 and A8 motorways connecting Vienna to the Czech Republic and Slovakia, and to Federal Road 7 leading to Vienna’s city centre. Vienna is Austria’s largest and most important logistics market both with regards to serving the capital city’s large consumer base with its e-commerce requirements as well as the strategically important location it occupies between Central, Southern and Northern Europe.
Source : AEW