During a joint symbolic groundbreaking ceremony, construction work on the hall extension in Lamprechtshausen for the logistics center recently acquired for the open-ended special AIF LOGISTICS AUSTRIA PLUS FUND I was officially started.
Nino Stricker-Neumayer, Partner and Investment Manager at SOINI ASSET, and Stefan Mannel, Managing Director HENDI Austria & HENDI Italia, together with Marco Pessnegger, Managing Director of Ebner & Partner Planungs GmbH & Co KG, kicked off the construction of the expansion area of approximately 1,556 sqm.
A construction period of around 8 months is planned, so that the hall extension should be completed in the 2nd quarter of 2024 and can be occupied by the tenant. After completion of the extension, a new long-term lease agreement for the entire property with an area of approx. 4,726 sqm will be concluded with HENDI GmbH.
“Ecological sustainability plays an important role in the hall extension as well as in the existing building,” says Nino Stricker-Neumayer. In order to pursue our ecological strategy in accordance with Article 8 of the LOGISTICS AUSTRIA PLUS FUND I, in addition to a large-scale photovoltaic system, the current gas central heating system will also be converted to an innovative heat pump. A current BREEAM – Pre Assessment classifies the property after the realized hall extension in the category “very good”. During the holding period, further optimizations are planned to lift the logistics property to the next higher BREEAM classification.
Please read the Terms and Conditions of Investment and other contractual documents, the information document pursuant to Section 307 (1) and (2) KAGB (“Section 307 Document”), the basic information sheet as well as the latest annual report of the “Logistics Austria Plus Fund I” (hereinafter referred to as the “Fund”) before making a final investment decision. These documents are available in German only. Those documents are the sole binding basis for the purchase of units in the Fund. A summary of investor rights is available in German in electronic format at https://www.intreal.com/wp-content/uploads/2021/07/Zusammenfassung-der-Anlegerrechte.pdf. Upon request, we will send you the aforementioned documents in paper form free of charge. You can request them from SOINI GmbH or from IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH (“INTREAL”), Ferdinandstrasse 61, 20095 Hamburg.
The fund is an open-ended special AIF with fixed investment conditions pursuant to Section 284 KAGB and may not be distributed to private investors as defined in Section 1 (19) No. 31 KAGB.
The Fund is an actively managed fund that is not managed with reference to a benchmark index. By purchasing units, you acquire shares in the fund and do not acquire the assets held by the fund (e.g. real estate), which are acquired by INTREAL for the account of the fund. The Fund invests in particular in real estate and therefore in illiquid assets. Under certain circumstances, it may be difficult to dispose of these assets, so that unit redemptions may sometimes be delayed or the redemption of fund units may be suspended. For a comprehensive discussion of the risks associated with investing in the Fund, please refer to the Section 307 document. You will also find the principal risks in the Basic Information Sheet. The future performance of the Fund also depends on the investor’s personal situation with respect to taxation and may change in the future. Please note that this document does not constitute or replace legal or tax advice.
This document and the assumptions contained herein have been prepared with care and in reliance on the accuracy of data provided to us by third parties, however, we cannot guarantee the accuracy, completeness or timeliness of this information. Furthermore, the parameters on which this document is based are subject to change, so it is possible that these assumptions may no longer be maintained at a later date.
Source: SOINI GmbH (as at: 17.07.2023), unless other sources are indicated.