Keep on rolling
Investment in another logistics centre
We are adding a new chapter to our successful partnership with a renowned Austrian forwarding company: in Eberstalzell, at the Voralpenkreuz, which is important for traffic, we will be investing in a new logistics centre next month with the SOINI ASSET IMMOBILIEN Europa I Fund. This is the fourth logistics property in the portfolio of the SOINI ASSET Group. This means that in the future we will have one of the largest investment portfolios in the Austrian logistics market. In particular, the ideal location in close proximity to the North-South connection (Germany to Slovenia/Southern Europe) and West-East connection (Germany to Hungary/Eastern Europe) convinced us of this project.
The logistics centre is an existing property, which we are expanding with our development expertise to include the construction of a new warehouse. After completion of the new building, the 60,000 sqm property will have a rental area of approx. 24,000 sqm. Long-term rental contracts for the existing building as well as for the new building are already in place.
The handover of the new building to the tenants is planned for December 2018.